Picture of York Water Co logo

YORW York Water Co News Story

0.000.00%
us flag iconLast trade - 00:00
UtilitiesConservativeMid CapNeutral

York Water Company Q2 revenue and EPS beat estimates

Overview

York Water Q2 operating revenue rises to $19.2 mln, beating analyst expectations

EPS for Q2 at $0.35, surpassing analyst estimates

Net income for Q2 increases to $5.05 mln, driven by customer base growth

Outlook

York Water plans $23.8 mln investment in 2025 for infrastructure improvements

Company to invest in wastewater plant construction and software upgrades

York Water aims to ensure reliable water supply with new investments

Result Drivers

CUSTOMER BASE GROWTH - Revenue growth driven by expansion in customer base and Distribution System Improvement Charge (DSIC) charges

HIGHER EXPENSES - Increased operation and maintenance costs, depreciation, and interest on debt offset revenue gains

LOWER TAXES - Income taxes decreased due to higher deductions from IRS tangible property regulations

Key Details

MetricBeat/MissActualConsensus Estimate
Q2 Operating RevenueBeat$19.20 mln$19 mln (1 Analyst)
Q2 EPSBeat$0.35$0.33 (1 Analyst)
Q2 Net Income$5.05 mln
Analyst Coverage The one available analyst rating on the shares is "strong buy" 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 $41.00, about 24.6% above its August 11 closing price of $30.92 The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago Press Release: ID:nGNX3PCkT8 (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.)

Recent news on York Water Co

See all news