UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34245 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) (Address of principal ...

York Water (YORW) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -24.24%. A quarter ago, it was expected that this purifying and distribution company would post earnings of $0.37 per share when it actually produced earnings of $0.36, delivering a surprise of -2.70%.Over the last four ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K Pennsylvania 001-34245 23-1242500 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) Date of Report: May 6, 2025 (Date of earliest event reported) 130 East Market Street, York, Pennsylvania 17401-1219 (Address ...

YORK, Pa., May 06, 2025 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the first quarter of 2025. President Hand reported that first quarter operating revenues of $18,456,000 increased $828,000, but net income of $3,638,000 decreased $689,000 compared to the first quarter of 2024. Basic and Diluted Earnings per share of $0.25 for the three-month period decreased $0.05 compared to the same period last year. Increased revenues were ...

Company Overview - York Water (YORW) is a utilities company headquartered in York, with a year-to-date price change of 2.57% [3] - The company currently pays a dividend of $0.44 per share, resulting in a dividend yield of 2.61%, which is slightly below the Utility - Water Supply industry's yield of 2.65% and significantly above the S&P 500's yield of 1.57% [3] Dividend Performance - The annualized dividend of York Water is $0.88, reflecting a 3.3% increase from the previous year [4] - Over the past five years, the company has increased its dividend five times, achieving an average annual increase of 4.03% [4] - The current payout ratio is 57%, indicating that the company distributes 57% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for York Water's earnings per share for 2025 is $1.53, representing a year-over-year growth rate of 7.75% [5] Investment Considerations - Dividends are favored by investors as they enhance stock investing profits and reduce overall portfolio risk [6] - Larger, established companies are more likely to offer dividends compared to tech start-ups or high-growth businesses [7] - York Water is positioned as a compelling investment opportunity due to its strong dividend profile and a Zacks Rank of 3 (Hold) [7]

York Water (YORW) came out with quarterly earnings of $0.36 per share, missing the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.42 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.70%. A quarter ago, it was expected that this purifying and distribution company would post earnings of $0.41 per share when it actually produced earnings of $0.41, delivering no surprise.Over the last four quarters, ...

Customer Growth and Revenue - The Company increased its number of customers from 77,893 to 79,771 during the year ended December 31, 2024, reflecting organic growth and acquisitions[40]. - Revenue for the year ended December 31, 2024, was $74,959, an increase of $3,928, or 5.5%, compared to $71,031 in 2023[42]. - Operating revenues increased in 2024 due to a rate increase effective March 1, 2023, an increase in the number of customers, and higher revenues from the distribution system improvement charge (DSIC)[93]. - Operating revenues rose to $74,959,000 in 2024, up from $71,031,000 in 2023, reflecting a growth of 5.1%[167]. - The average number of water customers served increased by 999, from 71,416 in 2023 to 72,415 in 2024, while wastewater customers increased by 522, from 5,999 to 6,521[96]. Financial Performance - The York Water Company experienced a 14.4% decrease in net income in 2024 compared to 2023, with a return on year-end common equity of 8.8%, lower than the 2023 result and the five-year historical average of 10.7%[93]. - Net income for 2024 decreased by $3,432, or 14.4%, to $20,325 compared to $23,757 in 2023, primarily due to higher operating expenses and interest on debt[95]. - Basic earnings per share decreased to $1.42 in 2024 from $1.66 in 2023, a decrease of 14.5%[167]. - Operating expenses rose by $5,418, or 13.1%, from $41,500 in 2023 to $46,918 in 2024, mainly due to higher depreciation, wages, and maintenance costs[98]. - Interest on debt increased by $1,857, or 26.4%, from $7,047 in 2023 to $8,904 in 2024, attributed to higher long-term debt and interest rates[99]. Capital Expenditures and Investments - Capital expenditures for 2024 were $48,226, with anticipated expenditures of approximately $46,000 and $48,500 for 2025 and 2026, respectively[112][113]. - The Company completed the dam armoring and spillway replacement at Lake Williams in 2023 at a total cost of approximately $40 million[38]. - The Company has a substantial deferred income tax asset primarily due to excess accumulated deferred income taxes on accelerated depreciation, with no valuation allowance required due to expected future taxable income generation[128]. - The Company has seen an increase in deferred income tax liability amounts due to accelerated depreciation deductions, which is expected to continue as significant capital expenditures are made[129]. Dividends and Shareholder Returns - The Company’s dividend payout ratios for 2024 were 60.2% relative to net income and 39.6% relative to net cash provided by operating activities, an increase from 49.3% and 36.3% in 2023, respectively[140]. - The Board declared a dividend of $0.2192 per share for January 2025, payable on April 15, 2025, with future dividends dependent on earnings and financial condition[141]. - Dividends paid increased to $12,088,000 in 2024 from $11,590,000 in 2023, an increase of 4.3%[172]. Regulatory and Compliance Matters - Capital expenditures for environmental compliance are budgeted to represent less than 15% of the expected total capital expenditures over the next five years[39]. - The Company was granted approval to modify its tariff to include the cost of replacing up to 400 lead service lines over nine years, with costs recorded as a regulatory asset[137]. - The Company estimates the cost for customer-owned lead service line replacements to be approximately $2,000, with costs recorded as a regulatory asset to be recovered in future base rates[137]. Acquisitions and Growth Opportunities - The Company is continuously seeking water and wastewater acquisition and expansion opportunities within and outside its current service territory[24]. - The Company signed agreements to acquire water and wastewater assets, expected to add approximately 485 customers upon completion in the second half of 2025[107][109][110]. - The acquisition of MESCO, Inc. on January 31, 2024, involved a purchase price of approximately $44, adding 180 wastewater customers[219]. - The acquisition of Longstown Mobile Estates on February 21, 2024, had a purchase price of approximately $8, adding 90 water customers[220]. - The acquisitions are considered immaterial to the Company's overall results[218][219][220]. Operational Metrics - The average daily availability of water was 41.1 million gallons, while average daily consumption was approximately 22.4 million gallons as of December 31, 2024[22]. - The Company owns two impounding dams with a combined capacity of approximately 2.5 billion gallons and has an average daily availability of 41.1 million gallons as of December 31, 2024[63]. - The Company operates a primary water filtration plant with a rated capacity of 39.0 million gallons per day, capable of short-term maximum supply of 42.0 million gallons per day[70]. - The Company has eleven wastewater treatment facilities with a combined permitted flow capacity of 1,222,500 gallons, supporting a projected maximum daily demand of 439,734 gallons[73]. Miscellaneous - The Company has not experienced a material impact on business or operations from cyber security attacks, although it maintains processes and insurance to mitigate potential costs[136]. - Pennsylvania state officials declared a drought watch for 33 counties, including the Company's service territory, which could impact future revenues and net income[139]. - The Company maintains cash balances exceeding federally insured limits but has not experienced significant credit risk[184]. - The reserve for doubtful accounts is based on lifetime expected credit losses and the aging of account balances, reflecting management's evaluation of credit risk[185].

Financial Results Announcement - The York Water Company announced its fourth quarter and annual 2025 financial results on March 4, 2025[5]. - The financial results include key metrics that will be detailed in the press release[5]. - The report includes a press release as Exhibit 99.1, which contains detailed financial information[7]. Company Information - The company is listed on the Nasdaq Global Select Market under the trading symbol YORW[3]. - The address of the company's principal executive offices is 130 East Market Street, York, Pennsylvania 17401-1219[2]. Regulatory Compliance - The report does not indicate whether the company is an emerging growth company[3]. - The report is not deemed "filed" for the purposes of the Securities Exchange Act of 1934[5]. - The filing is intended to satisfy the reporting obligations under the Securities Exchange Act[3]. Signatory Information - The Chief Financial Officer Matthew E. Poff signed the report on behalf of the company[10]. - The press release detailing the financial results is incorporated by reference in the Current Report on Form 8-K[5].

Core Viewpoint - The York Water Company reported mixed financial results for 2024, with increased operating revenues but decreased net income compared to 2023 [2][4]. Financial Performance - Operating revenues for 2024 were $74,959,000, an increase of $3,928,000 from 2023 [2]. - Net income for 2024 was $20,325,000, a decrease of $3,432,000 compared to 2023 [2]. - Basic and diluted earnings per share for 2024 were $1.42, down $0.24 from the previous year [2]. - Dividends per share increased by 4% compared to 2023 [2]. Revenue Drivers - The increase in revenues was primarily attributed to a rate increase effective March 1, 2023, revenues from the Distribution System Improvement Charge (DSIC), and growth in the customer base [2]. - The DSIC is a charge allowed by the Pennsylvania Public Utility Commission for the replacement of aging infrastructure [2]. Cost Factors - Higher operation and maintenance expenses, depreciation, interest on debt, and a lower allowance for funds used during construction (AFUDC) offset the increased revenues [2]. - The company incurred lower pension costs during the year [2]. Capital Expenditures - The company invested $48.2 million in construction expenditures, including dam improvements, wastewater treatment plant construction, and infrastructure upgrades [3]. - Approximately 50,200 feet of pipe were replaced to enhance the distribution system [3]. - The company also invested $783,000 in acquiring four water and two wastewater systems [3]. Quarterly Performance - For Q4 2024, operating revenues increased by $770,000, but net income decreased by $870,000 compared to Q4 2023 [4]. - Basic and diluted earnings per share for Q4 2024 were $0.36, down $0.06 from the same period last year [4]. Future Investment Plans - The company plans to invest approximately $46.0 million in 2025 and $48.5 million in 2026 for various infrastructure improvements and upgrades [5].

Core Insights - The article highlights the exceptional performance of dividend stocks, particularly focusing on a lesser-known company, York Water, which has maintained a continuous dividend for 209 years, far surpassing other companies in the U.S. [1][12][14] Dividend Stocks Performance - Dividend stocks have consistently outperformed non-dividend payers, with an annualized return of 9.17% compared to 4.27% over a 50-year period from 1973 to 2023, while being less volatile than the S&P 500 [3][4]. Characteristics of Great Dividend Stocks - Great dividend stocks are rare and typically share characteristics such as profitability, resilience during economic downturns, and transparent long-term growth outlooks [10][4]. Dividend Kings - Fewer than 60 companies qualify as Dividend Kings, having increased their annual payouts for at least 50 consecutive years [5]. Notable Examples - Coca-Cola has raised its dividend for 63 consecutive years, while Johnson & Johnson has done so for 62 years, showcasing the stability and predictability of cash flows in these companies [6][7]. York Water Company - York Water, a small-cap utility company, has paid dividends continuously since 1816, making it the longest-standing dividend payer in the U.S. [12][14]. - The company operates in a regulated environment, which provides cash flow predictability and stability [17][15]. - York Water has a dividend yield of 2.6% and has increased its payout for 28 consecutive years, with a nearly 500% rise in share price since 2000 [19][20].