York Water Co.: Q2 FY2026 earnings call
What management said about Q2 FY2026, from the documents filed with the SEC on 6 August 2026: press release. Guidance figures: 1 lowered. The quarter’s numbers.
Key takeaways
- Quarterly revenue and net income rose: Second quarter operating revenues were $23,515,000, up $4,316,000 from a year earlier; net income was $7,615,000, up $2,563,000. Source
- Rate increase lifted revenue: Revenue growth was mainly from rates effective March 1, 2026, partly offset by the DSIC resetting to zero. Source
- Costs and depreciation offset gains: Higher operation and maintenance expenses, depreciation and income taxes partly offset the revenue increase. Source
- $21.1 million invested in six months: In the first six months the company invested $21.1 million in capital projects, including main extensions, a wastewater treatment plant and a software upgrade. Source
- Additional 2026 spend estimated lower: Management now estimates further 2026 investment at $26.8 million, excluding acquisitions, for main extensions and related work. Source
“President Hand reported that second quarter operating revenues of $23,515,000 increased $4,316,000, and net income of $7,615,000 increased $2,563,000 compared to the second quarter of 2025.”
JT Hand, President & CEO
Guidance
| Area | Period | Figure | Against last quarter |
|---|---|---|---|
| Capital expenditure Source | additional 2026 investment, excluding acquisitions | $26.8 million | Lowered from $38.1 million |
What changed from last quarter
- Guidance lowered: Estimated additional 2026 capital investment, excluding acquisitions, reduced from $38.1 million to $26.8 million. Source
Second quarter results
- Quarterly revenue and net income rose: Second quarter operating revenues were $23,515,000, up $4,316,000 from a year earlier; net income was $7,615,000, up $2,563,000. Source
- Quarterly EPS rose to $0.49: Basic and diluted EPS were $0.49 for the quarter, up $0.14 from $0.35 a year earlier, on 15,883 thousand average shares. Source
- Rate increase lifted revenue: Revenue growth was mainly from rates effective March 1, 2026, partly offset by the DSIC resetting to zero. Source
- Costs and depreciation offset gains: Higher operation and maintenance expenses, depreciation and income taxes partly offset the revenue increase. Source
Six-month results
- Six-month revenue and net income up: Operating revenues for the first six months were $43,589,000, up $5,934,000; net income was $12,429,000, up $3,739,000. Source
- Six-month EPS rose to $0.82: Basic and diluted EPS were $0.82 for six months, up $0.22, with average shares of 15,165 thousand. Source
- Lower income taxes from IRS rules: Income taxes fell because of higher deductions under the IRS tangible property regulations. Source
- Six-month costs and depreciation rose: Higher operation and maintenance expenses and depreciation partly offset the six-month revenue and tax gains. Source
“The Company estimates it will invest an additional $26.8 million in 2026, excluding acquisitions, for additional main extensions, a continuing upgrade to the enterprise software system,”
York Water Co., press release
Capital investment and projects
- $21.1 million invested in six months: In the first six months the company invested $21.1 million in capital projects, including main extensions, a wastewater treatment plant and a software upgrade. Source
- Additional 2026 spend estimated lower: Management now estimates further 2026 investment at $26.8 million, excluding acquisitions, for main extensions and related work. Source
- Work aims at reliable water supply: Spending targets pipes, service lines and facilities for a safe, adequate and reliable supply and wastewater handling for growing customers. Source
- Software upgrade continues: The enterprise software upgrade continues and is part of both the six-month spend and the remaining 2026 plan. Source
Acquisitions of wastewater systems
- Two wastewater systems acquired: The company spent $470,000 acquiring two wastewater systems: CMV Sewage Co. in York County and Pine Run Retirement Community in Adams County. Source
Customer base and DSIC
- What the DSIC charge is: The DSIC is a charge allowed by the Pennsylvania Public Utility Commission that water utilities collect from customers for replacing aging infrastructure. Source
- Customer growth added to revenue: The company reported growth in its customer base, which added to revenues; no customer count was given. Source
Shares and dividends
- Share count higher than last year: Average common shares outstanding were 15,883 thousand in the quarter, against 14,397 thousand a year earlier. Source
- Quarterly dividend rose slightly: Dividends declared were $0.2280 per common share for the quarter, against $0.2192 a year earlier. Source
Coming up, as management said on 6 August 2026
- Remaining 2026 capital program: Management said the rest of 2026 includes more main extensions, the software upgrade and routine pipe and facility work. Source
Figures management reported
| Figure | Reported |
|---|---|
| Rate cases Source | Rate increase effective March 1, 2026 |
| Capital plan Source | $26.8 million additional 2026 investment, excluding acquisitions |
| Customer growth Source | Growth in customer base, no figure given |
Other quarters
Summarised with AI from the documents the company filed with the SEC. Every point is checked against the filing before it is shown: management’s own words word for word, figures against the line or table row they come from. A point that fails the check is left out. Source opens the filing at that line.