York Water Q4 2024 Earnings Report
Key Takeaways
The York Water Company reported an increase in operating revenues for Q4 2024, driven by revenues from the Distribution System Improvement Charge (DSIC) and customer base growth. However, net income decreased due to higher operation and maintenance expenses, depreciation, and a lower allowance for funds used during construction (AFUDC).
Operating revenues increased due to DSIC revenues and customer growth.
Net income decreased due to higher operation and maintenance expenses, depreciation, and lower AFUDC.
Basic and diluted earnings per share decreased to $0.36 from $0.42 in the same quarter last year.
The company plans to invest approximately $46.0 million in 2025 and $48.5 million in 2026 for infrastructure improvements.
York Water
York Water
Forward Guidance
York Water plans to invest approximately $46.0 million in 2025 and $48.5 million in 2026, excluding acquisitions, for additional main extensions, water tank replacement, wastewater treatment plant construction, an upgrade to the enterprise software system, and routine improvements to its pipes, service lines, and other facilities
Positive Outlook
- Investments in infrastructure improvements.
- Plans for main extensions.
- Water tank replacement projects.
- Wastewater treatment plant construction.
- Upgrade to the enterprise software system.