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Sep 30
York Water Q3 2025 Earnings Report
York Water's Q3 2025 earnings increased due to customer growth and DSIC revenues, partially offset by higher expenses and interest.
Key Takeaways
The York Water Company reported a strong third quarter in 2025, with operating revenues increasing by $646,000 to $20,361,000 and net income rising by $338,000 to $6,201,000 compared to the same period last year. Basic and diluted earnings per share also saw a $0.02 increase to $0.43. These gains were primarily driven by customer base expansion and revenues from the Distribution System Improvement Charge (DSIC), alongside lower income taxes due to IRS tangible property regulations. However, these positives were partially offset by increased operation and maintenance expenses, depreciation, higher interest on debt, and reduced allowance for funds used during construction (AFUDC).
Operating revenues for Q3 2025 increased by $646,000 to $20,361,000, driven by customer growth and DSIC revenues.
Net income for the third quarter rose by $338,000 to $6,201,000 compared to Q3 2024.
Basic and diluted earnings per share for Q3 2025 increased by $0.02 to $0.43.
Increased revenues and lower income taxes were partially offset by higher operating expenses, depreciation, interest on debt, and lower AFUDC.
York Water
York Water
Forward Guidance
The company plans to invest an additional $10.0 million in 2025 for capital projects, excluding acquisitions, focusing on main extensions, software upgrades, and infrastructure improvements to support its growing customer base.
Positive Outlook
- Continued investment in main extensions to support customer growth.
- Ongoing upgrade to the enterprise software system to enhance operational efficiency.
- Routine improvements to pipes, service lines, and other facilities to ensure safe and reliable water supply.
- Commitment to maintaining proper handling and disposal of wastewater.
- Strategic capital expenditures aimed at serving a growing customer base.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- Potential for unforeseen risks and uncertainties to materially affect actual results.
- No specific negative impact from capital investments was mentioned.
- No specific concerns about future revenue or income were highlighted.
- No specific challenges related to regulatory changes were mentioned.