York Water Q2 Net Income Rises to $7.62 Million on March Rate Increase

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The York Water Company reported second-quarter operating revenue of $23.52 million, up $4.32 million from a year earlier, and net income of $7.62 million, up $2.56 million, with earnings per share climbing to $0.49 from $0.35, driven mainly by a rate increase that took effect March 1. For the first half of 2026, revenue reached $43.59 million, up $5.93 million from $37.66 million, while net income rose to $12.43 million from $8.69 million and six-month earnings per share came in at $0.82, up $0.22. President JT Hand credited the rate increase and customer base growth, though the gains were partly offset by a reset of the Distribution System Improvement Charge to zero and higher operation and maintenance expenses, depreciation, and income taxes. The company invested $21.1 million in the first six months on main extensions, wastewater treatment plant construction, and an enterprise software upgrade, and spent $0.47 million acquiring two wastewater systems, CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County. York Water expects to invest another $26.8 million in 2026 excluding acquisitions, and its quarterly dividend rose to $0.2280 per share from $0.2192.

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The York Water Company
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Q2 net income rose to $7.62M and EPS climbed to $0.49, driven mainly by the March 1 rate increase.

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