The York Water Company reported its financial results for the third quarter and the first nine months of 2025, showing a net income of $6.2 million for the quarter, a 5.8% increase from $5.9 million in the same period last year. For the nine months ending September 30, 2025, net income was $14.9 million, down 1.9% from $15.2 million in 2024. Operating revenues for the third quarter rose to $20.4 million, a 3.3% increase from $19.7 million in the prior year, while revenues for the nine-month period increased by 3.4% to $58 million, compared to $56.1 million in 2024. The growth in revenue was attributed to an expanding customer base and additional income from the distribution system improvement charge (DSIC).
The company’s customer base saw significant growth, with the average number of water customers increasing by 1,101 to 73,684, and wastewater customers rising by 530 to 7,115, primarily due to acquisitions. However, total per capita water consumption decreased by approximately 3.2% in the third quarter compared to the previous year. Operating expenses also increased, rising by 6.7% to $12.4 million in the third quarter, driven by higher costs in distribution system maintenance, depreciation, and wages.
In terms of strategic developments, York Water is pursuing several acquisitions, including the wastewater collection and treatment assets of Pine Run Retirement Community and the water assets of Eagle View Manufactured Housing Community, both expected to close in 2026. The company has also invested $37.1 million in capital expenditures for infrastructure improvements and upgrades during the first nine months of 2025, funded through a combination of internal funds and line of credit borrowings.
The company’s long-term debt increased to $229.8 million as of September 30, 2025, compared to $208.2 million at the end of 2024. The increase in debt was primarily due to higher borrowings under its line of credit, which was renewed and extended to September 2027. The company’s effective tax rate for the third quarter was reported at -10.4%, significantly lower than the previous year, due to higher deductions under IRS regulations.
Looking ahead, York Water anticipates modest revenue growth driven by the DSIC and an increase in customer numbers from ongoing acquisitions. However, the company also noted potential impacts from regulatory actions, weather patterns, and economic conditions on its financial performance. The company remains focused on maintaining its credit rating and ensuring adequate liquidity to support its operational and capital needs.
About YORK WATER CO
The York Water Company is the oldest investor-owned water utility in the U.S., providing regulated water and wastewater services in south-central Pennsylvania. It operates a comprehensive system of reservoirs, wells, treatment plants, and distribution and collection mains. The company focuses on infrastructure investment, customer growth, and regulatory compliance, offering reliable water and wastewater solutions with competitive advantages in service quality, environmental standards, and community trust.
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