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Dec 31, 2024
York Water Q4 2024 Earnings Report
York Water reported a decrease in net income and EPS for Q4 2024 despite an increase in operating revenues.
Key Takeaways
The York Water Company reported increased operating revenues for the fourth quarter of 2024, reaching $18,866,000, up from $18,096,000 in Q4 2023. However, net income decreased to $5,142,000 from $6,012,000 in the same period last year. Basic and Diluted Earnings Per Common Share also saw a decline to $0.36 from $0.42.
Operating revenues for Q4 2024 increased by $770,000 compared to Q4 2023.
Net income for Q4 2024 decreased by $870,000 compared to Q4 2023.
Basic and Diluted Earnings Per Common Share decreased by $0.06 in Q4 2024 compared to Q4 2023.
Increased revenues were primarily due to DSIC and customer base growth, but offset by higher operation and maintenance expenses, depreciation, and lower AFUDC.
Forward Guidance
York Water plans significant investments in 2025 and 2026 to expand and improve its infrastructure, ensuring a reliable water supply and wastewater disposal for its growing customer base.
Positive Outlook
- Planned investment of approximately $46.0 million in 2025 for infrastructure improvements.
- Planned investment of approximately $48.5 million in 2026 for infrastructure improvements.
- Focus on additional main extensions to expand service.
- Upgrades to the enterprise software system to enhance operational efficiency.
- Routine improvements to pipes, service lines, and other facilities to ensure safe and adequate supply.
Challenges Ahead
- Excluding acquisitions from the planned investment figures.
- No specific financial targets or projections provided for future revenues or earnings.
- Potential for unforeseen risks, uncertainties, and other events to impact actual results.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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