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Jun 30, 2023
York Water Q2 2023 Earnings Report
York Water's Q2 2023 earnings increased due to higher operating revenues and net income, driven by rate increases and customer growth.
Key Takeaways
York Water Company reported an increase in operating revenues and net income for the second quarter of 2023. Operating revenues increased by $3,868,000 and net income increased by $1,495,000 compared to the second quarter of 2022. Earnings per share increased by $0.09 compared to the same period last year.
Operating revenues increased by $3,868,000 compared to Q2 2022.
Net income increased by $1,495,000 compared to Q2 2022.
Earnings per share increased by $0.09 compared to Q2 2022.
Revenue growth was primarily driven by rate increases effective March 1, 2023 and growth in the customer base.
York Water
York Water
Forward Guidance
The Company estimates it will invest an additional $30.4 million in 2023, excluding acquisitions, for capital projects.