York Water Q3 2020 Earnings Report
Key Takeaways
York Water Company reported an increase in operating revenues and net income for the third quarter of 2020 compared to the same period in 2019. Revenue growth was driven by higher residential consumption and customer base expansion, while earnings per share also saw an increase.
Operating revenues increased by $577,000 compared to Q3 2019.
Net income increased by $221,000 compared to Q3 2019.
Earnings per share increased by $0.01 compared to Q3 2019.
Revenue growth was primarily due to higher per capita residential consumption and growth in the customer base.
York Water
York Water
Forward Guidance
The news release contains forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.