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Dec 31, 2021
York Water Q4 2021 Earnings Report
York Water's Q4 2021 earnings increased due to revenue growth from DSIC utilization and customer base expansion, despite higher expenses.
Key Takeaways
York Water reported an increase in operating revenues and net income for Q4 2021 compared to Q4 2020. Operating revenues increased by $336,000 and net income increased by $291,000. Basic and Diluted Earnings per share increased by $0.03.
Operating revenues increased by $336,000 compared to Q4 2020.
Net income increased by $291,000 compared to Q4 2020.
Basic and Diluted Earnings per share increased to $0.31, up $0.03 from the same period last year.
Revenue growth was primarily driven by the Distribution System Improvement Charge (DSIC) and expansion of the customer base.