Companies /Utilities

York Water Company

NASDAQ: YORW Utilities - Regulated Water
$32.99
▲ $0.12 (+0.37%) today
Markets closed · 6:15pm ET

Q4 2025 Earnings

Reported Mar 3, 2026, 9:46am ET · SEC source
$0.36
Beat +12.50%
EPS · est. $0.32
$19.5M
Miss −13.97%
Revenue · est. $22.6M
−2.3%
Trailing market
YORW vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+2%Mar 3Mar 4report 9:46am ETearnings+2.1%+1.6%
0+2%Mar 3Mar 4earnings+2.1%+1.6%
YORW +1.6%S&P 500 +2.1%
0+2%Mar 3Mar 4report 9:46am ETearnings+2.7%+1.6%
0+2%Mar 3Mar 4earnings+2.7%+1.6%
YORW +1.6%NASDAQ +2.7%
−3%0+3%Mar 2Mar 11report 9:46am ETearnings+0.3%−4.8%
−3%0+3%Mar 2Mar 11earnings+0.3%−4.8%
YORW −4.8%S&P 500 +0.3%
−3%0+3%Mar 2Mar 11report 9:46am ETearnings+1.9%−4.8%
−3%0+3%Mar 2Mar 11earnings+1.9%−4.8%
YORW −4.8%NASDAQ +1.9%
+0.48%
Day of report
+0.18%
Next session
−4.57%
One week
−5.89%
30 days

S&P 500 over the same 30 days: −3.60%.

Did YORW Beat Earnings? Q4 2025 Results

York Water delivered a quietly mixed fourth quarter, posting Q4 2025 revenue of $19.47 million, a 13.97% miss against the $22.63 million consensus estimate, even as the figure represented a modest 3.2% year-over-year gain. Earnings per share held flat at $0.36, unchanged from the year-ago quarter, with net income inching up just $25,000 to $5.17 million, a result that underscores the margin pressure the company has been navigating. The story behind the numbers is familiar: customer base growth and Distribution System Improvement Charge collections drove the top-line improvement, but higher operation and maintenance expenses, rising depreciation, and increased interest costs largely absorbed those gains. For the full year, EPS slipped to $1.39 from $1.42, reinforcing concerns that elevated financing costs are compressing profitability even as revenues grow. The company raised its quarterly dividend to $0.23 per share and outlined plans for roughly $48 million in annual capital investment through 2027, targeting water and wastewater infrastructure that management expects will support continued customer growth.

Key Takeaways
  • Growth in customer base driving higher operating revenues
  • Distribution System Improvement Charge (DSIC) revenues
  • Non-recurring gain on life insurance
  • Lower income taxes due to higher IRS tangible property regulation deductions
  • Higher operation and maintenance expenses partially offsetting revenue gains
  • Higher depreciation expense
  • Higher interest on debt
  • Lower allowance for funds used during construction (AFUDC)

“York Water anticipates investments for 2026 and 2027 of approximately $48 million in each year, excluding acquisitions, for additional main extensions, an upgrade to the enterprise software system, water treatment plant construction, water tank replacement, wastewater treatment plant construction, 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.”

York Water CEO, on the earnings call

Forward Guidance & Outlook

The company anticipates capital investments of approximately $48 million in each of 2026 and 2027, excluding acquisitions, for main extensions, enterprise software upgrades, water treatment plant construction, water tank replacement, wastewater treatment plant construction, and routine infrastructure improvements to support its growing customer base.

YORW YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$6.0M$12.0M$18.0M$18.9M$19.5MRevenue$5.1M$5.2MNet Income
$0$6.0M$12.0M$18.0MRevenueNet Income

Figures from SEC filings and company reports. Not investment advice.