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Sep 30, 2021
York Water Q3 2021 Earnings Report
York Water's Q3 2021 earnings remained consistent with the previous year, driven by increased revenues from the Distribution System Improvement Charge (DSIC) and customer base growth, offset by higher expenses.
Key Takeaways
York Water Company reported a slight increase in operating revenues and net income for Q3 2021 compared to Q3 2020. Operating revenues increased by $246,000 to $14,503,000, and net income increased by $90,000 to $4,794,000. Earnings per share remained the same at $0.36.
Operating revenues increased due to the Distribution System Improvement Charge (DSIC) and customer base growth.
Net income saw a slight increase compared to the same quarter last year.
Earnings per share remained unchanged at $0.36.
Increased revenue was partially offset by higher operation and maintenance expenses and depreciation.
Forward Guidance
The Company estimates it will invest an additional $7.6 million in 2021, excluding acquisitions, for additional main extensions, an elevated water tank, completion of a wastewater treatment plant, and routine improvements to its pipes, service lines, and other facilities to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company’s growing customer base.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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