Overview

* York Water ( YORW ) Q2 operating revenue rises to $19.2 mln, beating analyst expectations

* EPS for Q2 at $0.35, surpassing analyst estimates

* Net income for Q2 increases to $5.05 mln, driven by customer base growth

Outlook

* York Water ( YORW ) plans $23.8 mln investment in 2025 for infrastructure improvements

* Company to invest in wastewater plant construction and software upgrades

* York Water ( YORW ) aims to ensure reliable water supply with new investments

Result Drivers

* CUSTOMER BASE GROWTH - Revenue growth driven by expansion in customer base and Distribution System Improvement Charge (DSIC) charges

* HIGHER EXPENSES - Increased operation and maintenance costs, depreciation, and interest on debt offset revenue gains

* LOWER TAXES - Income taxes decreased due to higher deductions from IRS tangible property regulations

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Beat $19.20 $19 mln

Operatin mln (1

g Analyst)

Revenue

Q2 EPS Beat $0.35 $0.33 (1

Analyst)

Q2 Net $5.05

Income mln

Analyst Coverage

* The one available analyst rating on the shares is "strong buy"

* The average consensus recommendation for the water & related utilities peer group is "buy."

* Wall Street's median 12-month price target for York Water Co ( YORW ) is $41.00, about 24.6% above its August 11 closing price of $30.92

* The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)