Loading...
•
Dec 31, 2019
York Water Q4 2019 Earnings Report
York Water's Q4 2019 earnings decreased compared to the same period last year.
Key Takeaways
York Water reported an increase in operating revenues but a decrease in net income for the fourth quarter of 2019 compared to the fourth quarter of 2018. Increased revenues resulted from rate increases and customer base growth, offset by lower DSIC. Higher operation and maintenance expenses, depreciation, and retirement expenses also impacted the results.
Operating revenues increased by $950,000 compared to Q4 2018.
Net income decreased by $288,000 compared to Q4 2018.
Basic and Diluted Earnings per share decreased to $0.26 from $0.29 in Q4 2018.
Revenue growth was driven by rate increases and a growing customer base, partially offset by lower DSIC.
Forward Guidance
York Water plans to invest approximately $29.5 million in 2020 and $27.0 million in 2021, excluding acquisitions, for spillway improvements and the armoring of one of the dams, improvements to an untreated water pumping station, expansion of a wastewater treatment plant, system expansion, and improvements to its pipes, service lines, and other facilities.
Positive Outlook
- Spillway improvements
- Armoring of one of the dams
- Improvements to an untreated water pumping station
- Expansion of a wastewater treatment plant
- System Expansion
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...