York Water Co. reported first-quarter 2026 operating revenues of $20.074 million, up $1.618 million from $18.456 million a year earlier. Net income rose to $4.814 million from $3.638 million, an increase of $1.176 million. Earnings per share climbed to $0.33 from $0.25, up $0.08.
The company said the revenue gain was driven mainly by rates that took effect March 1, 2026, along with customer growth. That was partly offset by the reset of the distribution system improvement charge to zero. Lower income taxes also lifted results, helped by deductions under IRS tangible property regulations.
Operating costs moved higher as well. The company said increased revenue and lower taxes were partially offset by higher operation and maintenance expenses, depreciation, and interest on debt.
York Water invested $9.8 million in capital projects during the quarter, including main extensions, an enterprise software upgrade, infrastructure replacements, and routine improvements. It also spent $470,000 to acquire two wastewater systems, including CMV Sewage Co. in York County and Pine Run Retirement Community in Adams County.
Dividends declared per share increased to $0.2280 from $0.2192, while average common shares outstanding rose to 14.438 million from 14.381 million. The market has reacted to these announcements by moving the company's shares 0.7% to a price of $29.345. For the full picture, make sure to review YORK WATER CO's 8-K report.
