The York Water Company (YORW) SEC Filings & Earnings Calls
EquiReason read 21 The York Water Company SEC filings in the last 12 months. Latest: 8-K on 2026-10-15 — Appointment of Jennifer E. Doran as Vice President of Human Resources, effective October 27, 2026. Routine executive hire with standard compensation arrangements..
Source: SEC EDGAR filings · figures as of 2026-06-30 · read by EquiReason
- Market cap
- 516.4M
- P/E TTM
- 19.8
- Dividend yield
- 2.8%
- 52-week
- —
- Next earnings
- 30 Oct, in 6 days
Every filing, read
last 12 months · SECWhat happened, the numbers inside, guidance and risks. The original is one click away.
6 Aug 20268-K · 2.02Operating Revenues $24M (+22% y/y); Net Income $8M (+51% y/y); Basic and Diluted EPS $0.49 (+40% y/y)earningsopen
Figures in the filing · each found in the filing text
| Operating Revenues · Q2-2026 | $24M | +23% y/y |
| Net Income · Q2-2026 | $8M | +51% y/y |
| Basic and Diluted EPS · Q2-2026 | $0.49 | +40% y/y |
| Operating Revenues (Six Months) · H1-2026 | $44M | +16% y/y |
| Net Income (Six Months) · H1-2026 | $12M | +43% y/y |
| Capital Expenditures (Six Months) · H1-2026 | $21M | |
| Dividends Declared Per Share · H1-2026 | $0.46 | +4% y/y |
Risks flagged
DSIC reset to zero partially offsets rate increase benefit; regulatory risk.
“Increased revenues were primarily due to increase in rates effective March 1, 2026 partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC).” · word for word
6 Aug 202610-QYork Water reported strong Q2 2026 results with revenue up 22.5% and net income up 50.7% year-over-year, driven by a rate increase and customer growth.earningsopen
Figures in the filing · each found in the filing text
| Operating revenues · Q2-2026 | $24M | +23% y/y |
| Net income · Q2-2026 | $8M | +51% y/y |
| Average number of water customers · water · Q2-2026 | 74,335 | +1% y/y |
| Average number of wastewater customers · wastewater · Q2-2026 | 7,660 | +9% y/y |
| Capital expenditures · H1-2026 | $21M | |
| Internally-generated funds from operations · H1-2026 | $17M | +27% y/y |
Guidance
FY2026 capital expenditures guided at ~$26.8M additional; revenue expected to increase due to rate increase, higher summer demand, and customer growth
Management expects revenues to increase for the remainder of the year due to the rate increase, higher summer demand, and customer growth, while operating expenses are expected to continue rising.
Risks flagged
Drought restrictions could reduce revenue
“As of June 29, 2026, Pennsylvania state officials maintained a drought watch for 11 counties in Pennsylvania, including York and Adams Counties within the Company’s service territory, and a drought warning for 8 counties in Pennsylvania, including Franklin and Lancaster Counties within the Company’s service territory.” · word for word
Union contract expired, negotiations ongoing
“The current union contract expired on April 30, 2026. Management and the union leadership have agreed to honor the expired contract and continue to work under its terms.” · word for word
Per capita consumption decline trend
“Total per capita consumption for 2026 was approximately 2.7% lower than the same period of last year.” · word for word
5 May 20268-K · 2.02Operating Revenues $20M (+10% y/y); Net Income $5M (+32% y/y); Basic and Diluted Earnings per Common Share $0.33 (+32% y/y)earningsopen
Figures in the filing · each found in the filing text
| Operating Revenues · Q1-2026 | $20M | +10% y/y |
| Net Income · Q1-2026 | $5M | +32% y/y |
| Basic and Diluted Earnings per Common Share · Q1-2026 | $0.33 | +32% y/y |
| Dividends Declared Per Common Share · Q1-2026 | $0.23 | +4% y/y |
| Capital Expenditures · Q1-2026 | $10M |
Risks flagged
Regulatory risk: DSIC reset to zero partially offsets rate increase benefit.
“partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC)” · word for word
Operating cost inflation: higher O&M expenses and depreciation pressure margins.
“higher operation and maintenance expenses, depreciation, and interest on debt” · word for word
5 May 202610-QRevenue $20M (+9% y/y); Net income $5M (+32% y/y); Capital expenditures $10M (+6% y/y); Guidance: Revenue expected to increase; depreciation expected to rise; interest expense expected to decrease; effective tax rate expected to increase; nopen
Figures in the filing · each found in the filing text
| Revenue · Q1-2026 | $20M | +9% y/y |
| Net income · Q1-2026 | $5M | +32% y/y |
| Capital expenditures · Q1-2026 | $10M | +6% y/y |
| Operating cash flow · Q1-2026 | $5M | -11% y/y |
| Free cash flow · Q1-2026 | $-4M | |
| Average water customers · Water · Q1-2026 | 74,184 | +1% y/y |
| Average wastewater customers · Wastewater · Q1-2026 | 7,332 | +9% y/y |
Guidance
Revenue expected to increase; depreciation expected to rise; interest expense expected to decrease; effective tax rate expected to increase; no DSIC or rate filing expected in 2026.
Management expects revenue growth from rate increase, summer demand, and customer growth; depreciation and other expenses to rise; interest expense to decrease after stock offering; effective tax rate to increase; no new DSIC or rate filing in 2026.
Risks flagged
Drought impact on revenue
“As of April 27, 2026, Pennsylvania state officials maintained a drought watch for 20 counties in Pennsylvania, including York and Lancaster Counties within the Company's service territory, and a drought warning for 5 counties in Pennsylvania, including Adams and Franklin Counties within the Company's service territory.” · word for word
Union contract expiration
“The current union contract expired on April 30, 2026. Management and the union leadership have agreed to honor the expired contract and continue to work under its terms.” · word for word
Lead service line replacement cost recovery uncertainty
“The tariff modification expired on March 8, 2026. The Company has filed a Lead Service Line Replacement Plan with the PPUC and is awaiting a decision.” · word for word
22 Apr 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
Dilution risk from additional shares issued.
“Offering of 1,521,739 shares plus 228,261 additional shares.”
17 Apr 20268-K · 1.01, 8.01York Water Company entered an underwriting agreement to sell 1,521,739 shares of common stock at $28.50 per share, raising ~$41.4M net proceeds for general corporate purposes including capex, debt repayment, and potential acquisitions.open
Risks flagged
Dilution risk from additional shares issued.
“Offering of 1,521,739 shares plus option for 228,261 additional shares.”
16 Apr 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
Dilution risk from share issuance.
“public offering of shares”
15 Apr 20268-K · 8.01Disclosed a material event under other events (litigation, recall, contract loss, or major announcement); filed financial statements and exhibits with this reportopen
Risks flagged
Dilution risk from share issuance.
“proposed public offering of shares”
20 Mar 2026DEF 14AYork Water Company DEF 14A proxy statement discloses FY2025 results, dividend increase, and compensation details.open
Figures in the filing · each found in the filing text
| Net income · FY2025 | $20M | -1% y/y |
| Earnings per share · FY2025 | $1.39 | |
| Efficiency ratio · FY2025 | 25.9% | |
| Dividend per share (annualized) · FY2025 | $0.91 | +4% y/y |
| Total shareholder return (10-year average annual) · FY2025 | 6.6% | |
| Return on equity (10-year average annual) · FY2025 | 10.3% | |
| Infrastructure investments (3-year cumulative) · FY2025 | $160M | |
| Total shareholder return (initial $100 investment) · FY2025 | $76.10 | +0% y/y |
3 Mar 202610-KRevenue $77M (+3% y/y); Net Income $20M (-1% y/y); Capital Expenditures $49M; Guidance: rate increase effective March 1, 2026; DSIC reset to zero; capex ~$48M/yearopen
Figures in the filing · each found in the filing text
| Revenue · FY2025 | $77M | +3% y/y |
| Net Income · FY2025 | $20M | -1% y/y |
| Capital Expenditures · FY2025 | $49M | |
| Number of Customers · 2025-12-31 | 81,292 | +2% y/y |
| Return on Common Equity · FY2025 | 8.3% | |
| Efficiency Ratio (Net Income / Revenue) · FY2025 | 25.9% | |
| Dividend per Share (Quarterly) · Q1-2026 | $0.23 | +4% y/y |
| Operating Cash Flow · FY2025 | $30M | -2% y/y |
Guidance
rate increase effective March 1, 2026; DSIC reset to zero; capex ~$48M/year
Revenue expected to increase from rate hike and customer growth, but margin pressure from higher costs and interest.
Risks flagged
Weather dependency and drought risk
“As of February 18, 2026, Pennsylvania state officials declared a drought watch for 34 counties in Pennsylvania, including York County within the Company's service territory” · word for word
Interest rate and debt cost pressure
“Interest on debt for 2025 increased $1,358, or 15.3%, from $8,904 for 2024 to $10,262 for 2025. The increase was primarily due to an increase in long-term debt outstanding and higher interest rates.” · word for word
3 Mar 20268-K · 2.02Operating Revenues $77M (+3% y/y); Net Income $20M (-1% y/y); Basic and Diluted Earnings Per Common Share $1.39 (-2% y/y); Guidance: ~$48M capex per year in 2026-2027earningsopen
Figures in the filing · each found in the filing text
| Operating Revenues · FY2025 | $77M | +3% y/y |
| Net Income · FY2025 | $20M | -1% y/y |
| Basic and Diluted Earnings Per Common Share · FY2025 | $1.39 | -2% y/y |
| Dividends Declared Per Common Share · FY2025 | $0.89 | +4% y/y |
| Capital Expenditures · FY2025 | $49M |
Guidance
~$48M capex per year in 2026-2027
Anticipates continued investment in infrastructure, no explicit revenue guidance but capex plans indicate growth.
Risks flagged
Higher operating expenses and interest costs pressuring margins
“higher operation and maintenance expenses and depreciation, higher interest on debt” · word for word
19 Feb 20268-K · 7.01Pennsylvania PUC approved a joint settlement for York Water's rate request, allowing an $18.85M annual revenue increase to support $145M infrastructure investment.open
Figures in the filing · each found in the filing text
| annual revenue increase · FY2026 | $19M | |
| infrastructure investment · FY2026 | $145M | |
| customer number · 2026-02-19 | 212,000 |
Risks flagged
Regulatory lag risk; last rate adjustment was three years ago, indicating potential for future rate case delays.
“Our last rate adjustment was three years ago.” · word for word
10 Feb 20268-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
Loss of institutional board knowledge, but no material risk given orderly retirement and emeritus designation.
“Mr. Hodges had been a director for over 25 years; will be designated as Director Emeritus.”
25 Nov 20258-K · 8.01Quarterly dividend per share $0.23 (+4% y/y)open
Figures in the filing · each found in the filing text
| quarterly dividend per share · Q1-2026 | $0.23 | +4% y/y |
6 Nov 20258-K · 2.02Operating Revenues $20M (+3% y/y); Net Income $6M (+6% y/y); Basic and Diluted Earnings Per Common Share $0.43 (+5% y/y)earningsopen
Figures in the filing · each found in the filing text
| Operating Revenues · Q3-2025 | $20M | +3% y/y |
| Net Income · Q3-2025 | $6M | +6% y/y |
| Basic and Diluted Earnings Per Common Share · Q3-2025 | $0.43 | +5% y/y |
| Capital Expenditures (9 months) · 9M-2025 | $37M |
Risks flagged
Higher operating expenses, depreciation, and interest costs pressuring net income despite revenue growth.
“The increased revenue and lower income taxes were more than offset by higher operation and maintenance expenses and depreciation, higher interest on debt, and lower AFUDC.” · word for word
6 Nov 202510-QYork Water reported Q3 2025 net income of $6.2M, up 5.8% YoY, driven by customer growth and DSIC revenue, partially offset by higher interest expense.earningsopen
Figures in the filing · each found in the filing text
| Operating Revenues · Q3-2025 | $20M | +3% y/y |
| Net Income · Q3-2025 | $6M | +6% y/y |
| Average Number of Water Customers · water · Q3-2025 | 73,684 | +2% y/y |
| Average Number of Wastewater Customers · wastewater · Q3-2025 | 7,115 | +8% y/y |
| Capital Expenditures · 9M-2025 | $37M | |
| Operating Cash Flow · 9M-2025 | $21M | +5% y/y |
Guidance
expects revenues to show a modest increase due to the DSIC and customer growth; expects depreciation and interest expense to continue rising
Management expects modest revenue growth from DSIC and customer additions, but higher depreciation and interest expense will pressure margins.
Risks flagged
Drought impact on revenue
“On October 10, 2025, Pennsylvania state officials declared a drought watch for 29 counties in Pennsylvania, including Franklin County. The watch calls for a voluntary reduction in nonessential water use of 5 to 10 percent.” · word for word
Interest rate exposure
“Interest on debt for the first nine months of 2025 increased $1,006, or 15.4%, from $6,549 for the first nine months of 2024 to $7,555 for the corresponding 2025 period.” · word for word
Regulatory lag on rate recovery
“Increases in revenues are generally dependent on the Company’s ability to obtain rate increases from the PPUC in a timely manner and in adequate amounts and to increase volumes of water sold through increased consumption and increases in the number of customers served.” · word for word
30 Oct 20258-K · 5.02Reported a director or officer change (departure, election, appointment or pay arrangement)open
Risks flagged
Loss of long-tenured director (29 years) could reduce institutional knowledge, but appears orderly.
“Mr. Gang had been a director of the Company for 29 years starting in January 1996.” · word for word
The York Water Company — questions
- What did The York Water Company file recently?
- 21 SEC filings in the last 12 months. Latest: 8-K on 2026-10-15 — Appointment of Jennifer E. Doran as Vice President of Human Resources, effective October 27, 2026. Routine executive hire with standard compensation arrangements.
Every figure on this page comes from The York Water Company's own SEC filings — see them on SEC EDGAR. Price data is licensed and shown only inside the product.
How these figures are read: methodology · EquiReason.