York Water Q2 EPS Jumps 40% to $0.49 on Rate Hike Boost
YORW is trading near its 52-week low of $28.26 (10% above the low) on light trading volume (0.1× avg).
Summary
York Water delivered strong Q2 results with EPS of $0.49, up 40% from $0.35 a year ago, driven by a March 1 rate increase and customer growth. Revenue rose 22% to $23.5 million, though partially offset by a reset of the DSIC surcharge. Six-month EPS reached $0.82, up 37%, with net income of $12.4 million. The company invested $21.1 million in capital projects and acquired two small wastewater systems. This follows the Q1 10-Q showing a 32% EPS gain from the same rate hike, confirming sustained earnings momentum. The balance sheet remains solid after the recent $47.7 million equity raise, supporting continued infrastructure spending.
At the time of this announcement, YORW was trading at $31.18 on NASDAQ in the Trade & Services sector, with a market capitalization of approximately $505.4M. The 52-week trading range was $28.26 to $34.30. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.