Utility York Water slides on $43 mln stock offering

York Water Co

16/04/2026 14:41

** York Water's YORW.O shares down 6% early Thurs to $29, lowest since Aug 2018, after follow-on prices

** York, Pennsylvania-based water utility sells ~1.52 mln shares at $28.50 for gross raise of ~$43.4 mln

** Offering price represents 7.6% discount to stock's last sale on Weds

** It expects to use net proceeds for general corporate purposes, including its capital investment program, repayment of debt, and potential acquisitions

** YORW has ~14.4 mln shares outstanding

** Huntington Capital Markets sole bookrunner for offering, joined by Seaport Global as co-manager

** With move on the session, stock down ~9% YTD

(Lance Tupper is a Reuters market analyst. The views expressed are his own)

((lance.tupper@tr.com 1-646-279-6380))