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Sep 30, 2023
York Water Q3 2023 Earnings Report
Revenue and net income increased compared to the same quarter last year.
Key Takeaways
The York Water Company reported an increase in operating revenues and net income for the third quarter of 2023 compared to the third quarter of 2022. Increased revenues were primarily driven by rate increases and customer base growth, offset by higher expenses and depreciation.
Operating revenues increased by $2,956,000 compared to Q3 2022.
Net income increased by $1,887,000 compared to Q3 2022.
Earnings per share increased by $0.13 compared to Q3 2022.
Revenue growth was driven by rate increases and customer base expansion.