York Water's Q2 revenue, EPS rise on higher rates and customer growth

York Water

06/08/2026 14:38

Overview
US water utility's Q2 operating revenue rose yr/yr on higher rates and customer growth
Q2 EPS increased yr/yr, supported by higher revenue
Company invested $21.1 mln in capital projects and acquired two wastewater systems in H1 2026

Outlook
York Water estimates 2026 capital investments of $26.8 mln, excluding acquisitions

Result Drivers
RATE INCREASE - Co said higher rates effective March 1, 2026 were the primary driver of increased Q2 revenue
CUSTOMER GROWTH - Co said growth in customer base contributed to higher Q2 revenue
DSIC RESET - Co said revenue increase was partially offset by reset to zero of Distribution System Improvement Charge (DSIC)

Company press release: ID:nGNX9bnkTn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Operating Revenue
Beat
$23.52 mln
$22.19 mln (2 Analysts)
Q2 EPS
Beat
$0.49
$0.40 (2 Analysts)
Q2 Net Income
Beat
$7.62 mln
$6.06 mln (1 Analyst)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the water & related utilities peer group is "buy"
Wall Street's median 12-month price target for York Water Co is $32.50, about 5.5% above its August 5 closing price of $30.82
The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 three months ago

Reuters Recommended Reads
Aug 5 - American States Water Q2 EPS rises 25% on rate hikes and demand
Aug 3 - Unitil Q2 net income rises on higher rates, customer growth
Aug 4 - Essential Utilities Q2 adjusted EPS beats estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)