York Water Co.: Q3 FY2026 earnings call

What management said about Q3 FY2026, from the documents filed with the SEC on 6 November 2026: press release. Guidance figures: 1 lowered. The quarter’s numbers.

Key takeaways

Quarterly earnings per share rose: Basic and diluted EPS was $0.48 for the quarter, up $0.05 from $0.43 in the third quarter of 2025. Source
Nine-month earnings per share rose: Nine-month basic and diluted EPS was $1.30, up $0.27 from $1.03 in the first nine months of 2025. Source
Rate increase drove revenue gains: The release attributes higher revenue mainly to rates effective March 1, 2026, partly offset by the DSIC reset to zero, in both the quarter and nine months. Source
Income tax treatment changed from August: The August release said income taxes decreased on higher IRS tangible property deductions. The November release lists income taxes among the higher costs.
Nine-month capital spending was $36.2 million: The company invested $36.2 million in capital projects in the first nine months, covering main extensions, plant construction and a software upgrade. Source
Full-year investment total roughly unchanged: Nine-month spend plus the new remaining estimate gives about $48.0 million for 2026, against about $47.9 million from the August figures. These totals are derived by adding the two releases' figures.

“President Hand reported that third quarter operating revenues of $24,333,000 increased $3,972,000, and net income of $7,809,000 increased $1,608,000 compared to the third quarter of 2025.”
JT Hand, President & CEO

Guidance

Area	Period	Figure	Against last quarter
Capital expenditures Source	remainder of 2026, after nine months, excluding acquisitions	$11.8 million	Lowered from $26.8 million

What changed from last quarter

Guidance lowered: The estimate of further 2026 capital investment, excluding acquisitions, was reduced to $11.8 million from $26.8 million in the August release. Source

Third quarter and nine-month results

Quarterly earnings per share rose: Basic and diluted EPS was $0.48 for the quarter, up $0.05 from $0.43 in the third quarter of 2025. Source
Nine-month earnings per share rose: Nine-month basic and diluted EPS was $1.30, up $0.27 from $1.03 in the first nine months of 2025. Source
Sequential revenue rise noted: Operating revenue was $24,333,000 in the third quarter against $23,515,000 in the second quarter, a difference of about $818,000 derived from the two releases.

Revenue drivers

Rate increase drove revenue gains: The release attributes higher revenue mainly to rates effective March 1, 2026, partly offset by the DSIC reset to zero, in both the quarter and nine months. Source
DSIC reset to zero: The Distribution System Improvement Charge was reset to zero, which partly offset the higher revenue from rates. Source
Customer base growth added revenue: Growth in the customer base also added to revenues, according to the release, in both the quarter and the nine months. Source

“President Hand also reported that the first nine months operating revenues of $67,922,000 increased $9,906,000, and net income of $20,238,000 increased $5,347,000 compared to the first nine months of 2025.”
JT Hand, President & CEO

Costs and income taxes

Costs rose and offset revenue: Higher operation and maintenance expenses, depreciation and income taxes partly offset the revenue increase. The release gives no dollar amounts for these costs. Source
Income tax treatment changed from August: The August release said income taxes decreased on higher IRS tangible property deductions. The November release lists income taxes among the higher costs.
August cost offsets listed: The August release listed higher operation and maintenance expenses and depreciation as the offsets to revenue growth, with lower income taxes also noted.

Capital investment

Nine-month capital spending was $36.2 million: The company invested $36.2 million in capital projects in the first nine months, covering main extensions, plant construction and a software upgrade. Source
Full-year investment total roughly unchanged: Nine-month spend plus the new remaining estimate gives about $48.0 million for 2026, against about $47.9 million from the August figures. These totals are derived by adding the two releases' figures.
Routine infrastructure work continues: Routine replacements and improvements to infrastructure are included in the spending, and the remaining 2026 plan covers routine work on pipes, service lines and other facilities. Source

Acquisitions and customers

Two wastewater systems acquired: The company invested $470,000 to acquire two wastewater systems: CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County. Source
Acquisitions excluded from capital estimate: The remaining 2026 investment estimate excludes acquisitions, so the $470,000 acquisition spend is reported separately from capital projects. Source
Acquisitions reported in August too: The August release also reported the same acquisitions, so the acquisition description appears in both the August and November releases.

Dividends and share count

Quarterly dividend held at $0.2280: Dividends declared were $0.2280 per share for the quarter, against $0.2192 a year earlier, the same quarterly amount as the August release. Source
Nine-month dividends rose: Nine-month dividends declared were $0.6840 per share, against $0.6576 in the first nine months of 2025. Source
Average share count increased: Average shares outstanding were 16,219 thousand in the quarter against 14,412 thousand, and 15,520 thousand for nine months against 14,397 thousand. Source

Leadership and reporting

President announced the results: JT Hand, President and CEO, announced the third quarter and nine-month results in the release dated November 6, 2026. Source
CFO listed as contact: Matthew E. Poff, Chief Financial Officer, is listed as a contact alongside JT Hand. Source
Release title and date: The release is titled as the third quarter and nine months earnings report and is dated November 6, 2026, from York, Pennsylvania. Source

Coming up, as management said on 6 November 2026

Software upgrade continues: Management said the enterprise software upgrade is continuing and is among the uses of the remaining 2026 investment. Source

Figures management reported

Figure	Reported
Capital plan Source	$11.8 million more in 2026, excluding acquisitions; $36.2 million spent in first nine months
Rate increase Source	rates effective March 1, 2026; no percentage stated
Customer growth Source	growth noted; no customer count given

Earlier plans management reported on

Not stated: The August release estimated $26.8 million of further 2026 investment. The November release estimates $11.8 million.

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.

As filed with the SEC

Open the filing on EDGAR

NEWS RELEASE Contact Information: JT Hand, President & CEO jth@yorkwater.com -OR- Matthew E. Poff, Chief Financial Officer matthewp@yorkwater.com 717-845-3601

FOR IMMEDIATE RELEASE

THE YORK WATER COMPANY REPORTS 3 QUARTER AND NINE MONTHS EARNINGS

York, Pennsylvania, November 6, 2026: The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the third quarter and the first nine months of 2026.

President Hand reported that third quarter operating revenues of $24,333,000 increased $3,972,000, and net income of $7,809,000 increased $1,608,000 compared to the third quarter of 2025. Basic and Diluted Earnings per share of $0.48 for the three-month period increased $0.05 compared to the same period last year. Increased revenues were primarily due to increase in rates effective March 1, 2026 partially offset by a reset to zero of the Distribution System Improvement Charge (DSIC). The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure. Growth in the customer base also added to revenues. The increased revenue was partially offset by higher operation and maintenance expenses, depreciation, and income taxes.

President Hand also reported that the first nine months operating revenues of $67,922,000 increased $9,906,000, and net income of $20,238,000 increased $5,347,000 compared to the first nine months of 2025. Increased revenues were primarily due to increase in rates effective March 1, 2026 partially offset by a reset to zero of the DSIC. Growth in the customer base also added to revenues. The increased revenue was partially offset by higher operation and maintenance expenses, depreciation, and income taxes. Basic and Diluted Earnings per share of $1.30 for the nine-month period increased $0.27 compared to the same period last year.

During the first nine months of 2026, the Company invested $36.2 million in capital projects for main extensions, wastewater treatment plant construction, and an upgrade to the enterprise software system, as well as various replacements and improvements to infrastructure and routine items. In addition, the Company invested $470,000 in the acquisition of two wastewater systems, including the CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County. The Company estimates it will invest an additional $11.8 million in 2026, excluding acquisitions, for additional main extensions, a continuing upgrade to the enterprise software system, and routine improvements to its pipes, service lines, and other facilities to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company’s growing customer base.

	Period Ended September 30
	In 000's (except per share)
	Quarter		Nine Months
	2026	2025	2026	2025
Operating Revenues	$ 24,333	$ 20,361	$ 67,922	$ 58,016
Net Income	$ 7,809	$ 6,201	$ 20,238	$ 14,891
Average Number of Common Shares Outstanding	16,219	14,412	15,520	14,397
Basic and Diluted Earnings Per Common Share	$ 0.48	$ 0.43	$ 1.30	$ 1.03
Dividends Declared Per Common Share	$ 0.2280	$ 0.2192	$ 0.6840	$ 0.6576

This news release may contain forward-looking statements regarding the Company’s operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company’s actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.

Contacts
130 East Market Street York, PA 17401