York Water Q2 EPS rises 25% to $0.45; revenue up 26% on March rate increase

YORK WATER CO

2023-Q2 EPS reported $0.71 revenue$34,168,000

Q2 operating revenue $18.8M (+26% YoY); net income $6.5M (+30%); EPS $0.45 vs $0.36.
Six-month revenue $34.2M (+17%); net income $10.2M (+15%); EPS $0.71 vs $0.65.
Rate increase effective March 1, 2023, partly offset by DSIC reset to zero; customer growth contributed.
Capital spend of $29.7M in H1; plans additional $30.4M in 2023 for dam, mains, wastewater plant.
Quarterly dividend declared $0.2027 per share, up from $0.1949 in prior year period.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

YORK WATER CO reported financial results for the second quarter and the first six months of 2023.

Period: the second quarter and the first six months of 2023
Result: reported results

Exact text from the filing

On August 3, 2023, The York Water Company issued a press release announcing its second quarter and first six months 2023 financial results.

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Source: SEC EDGAR

accession 0000108985-23-000084

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