YORW 8-K
York Water Co (YORW)
8-K
2026-08-06
For: 2026-08-06
View Original
Added on
August 06, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934
Date of Report: August 6, 2026
(Date of earliest event reported)
THE YORK WATER COMPANY
(Exact name of registrant as specified in its charter)
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| Registrant's telephone number, including area code ( |
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
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| (Title of Class) | (Trading Symbol) | (Name of Each Exchange on Which Registered) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§0.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§0.12b-2 of this chapter). Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section
13(a) of the Exchange Act. ◻
THE YORK WATER COMPANY
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Item 2.02
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Results of
Operations and Financial Condition.
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On August 6, 2026, The York
Water Company issued a press release announcing its second quarter and first
six months 2026 financial results. The
press release is being furnished with this Current Report on Form 8-K Exhibit
99.1 and is hereby incorporated herein by reference. This report (including the exhibit) shall not
be deemed to be “filed” for the purposes of Section 18 of the Securities
Exchange Act of 1934, as amended, nor shall it be incorporated by reference in
any filing made by the Registrant pursuant to the Securities Act of 1933, as amended,
other than to the extent that such filing incorporates by reference any or all
of such information by express reference thereto.
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Item 9.01
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Financial
Statements and Exhibits.
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(c)
Exhibits.
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Exhibit No.
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Description of Exhibit
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99.1
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THE YORK WATER COMPANY
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
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THE YORK WATER COMPANY
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| /s/ Matthew E. Poff | |
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Date: August 6, 2026
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Matthew E. Poff
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Chief Financial Officer
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EXHIBIT 99.1
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NEWS RELEASE
Contact Information:
JT Hand, President & CEO
-OR-
Matthew E. Poff, Chief Financial Officer
717-845-3601
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130 East Market Street
York, PA 17401 |
FOR IMMEDIATE RELEASE
THE YORK WATER COMPANY REPORTS
2nd QUARTER AND SIX MONTHS EARNINGS
York, Pennsylvania, August
6, 2026: The
York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's
financial results for the second quarter and the first six months of 2026.
President Hand reported
that second quarter operating revenues of $23,515,000 increased $4,316,000, and
net income of $7,615,000 increased $2,563,000 compared to the second quarter of
2025. Basic and Diluted Earnings per
share of $0.49 for the three-month period increased $0.14 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 six months operating revenues of $43,589,000
increased $5,934,000, and net income of $12,429,000 increased $3,739,000
compared to the first six 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. Income taxes decreased due to higher
deductions from the IRS tangible property regulations. The increased revenue and lower income taxes
were partially offset by higher operation and maintenance expenses and
depreciation. Basic and Diluted Earnings
per share of $0.82 for the six-month period increased $0.22 compared to the
same period last year.
During the first six months of 2026, the Company invested $21.1 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 $26.8 million in 2026, excluding acquisitions, for additional
main extensions, a continuing upgrade to the enterprise software system, and
routine improvements to its pipes, service lines, and other facilities to
ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of
wastewater for the Company’s growing customer base.
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Period Ended June 30
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In 000's (except per share)
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2026
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2025
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2026
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2025
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Operating Revenues
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$ | 23,515 | $ | 19,199 | $ | 43,589 | $ | 37,655 | ||||||||
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Net Income
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$ | 7,615 | $ | 5,052 | $ | 12,429 | $ | 8,690 | ||||||||
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Average Number of
Common Shares Outstanding
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15,883 | 14,397 | 15,165 | 14,389 | ||||||||||||
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Basic and Diluted Earnings
Per Common Share
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$ | 0.49 | $ | 0.35 | $ | 0.82 | $ | 0.60 | ||||||||
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Dividends Declared
Per Common Share
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$ | 0.2280 | $ | 0.2192 | $ | 0.4560 | $ | 0.4384 | ||||||||
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.
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