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Jun 30, 2024
York Water Q2 2024 Earnings Report
Second quarter earnings decreased compared to the same period last year.
Key Takeaways
York Water Company reported a decrease in operating revenues and net income for the second quarter of 2024. Operating revenues decreased by $17,000, and net income decreased by $1,531,000 compared to the second quarter of 2023. Earnings per share also decreased by $0.10.
Operating revenues decreased by $17,000 compared to Q2 2023.
Net income decreased by $1,531,000 compared to Q2 2023.
Basic and Diluted Earnings per share decreased by $0.10 compared to Q2 2023.
Decrease in net income was primarily due to higher operation and maintenance expenses and depreciation, higher interest on debt, and lower allowance for funds used during construction (AFUDC).
Forward Guidance
The news release contains forward-looking statements regarding the Company’s operational and financial expectations which are subject to risks, uncertainties, and other events.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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