The York Water Company reported a revenue increase of 3.4% for the fiscal year ending December 31, 2025, totaling $77.5 million, compared to $74.9 million in 2024. Despite this growth, net income decreased by 1.3% to $20.1 million from $20.3 million in the previous year. The decline in profitability was attributed to higher operating expenses, which rose by 6.1% to $49.8 million, driven by increased costs in depreciation, wages, and maintenance. The company's return on equity was recorded at 8.3%, down from 10.3% in 2024.
In terms of customer growth, the company expanded its customer base from 79,771 to 81,292, primarily through acquisitions and organic growth. The average number of water customers served increased by 1,165, while wastewater customers rose by 490. The company also reported a total of 1,105 miles of water mains in operation as of December 31, 2025. The distribution system improvement charge (DSIC) contributed $2.4 million to revenues, reflecting the company's strategy to enhance infrastructure without the need for immediate rate filings.
Strategically, York Water has been active in pursuing acquisitions to expand its service territory. In December 2025, the company signed agreements to acquire water assets from Lenwood Management and Mt. Rock Manor Management, which are expected to add approximately 230 new water customers upon completion. The company is also exploring additional bulk water contracts and acquisitions to mitigate potential declines in per capita water consumption.
Looking ahead, York Water anticipates further revenue growth in 2026, bolstered by a rate increase effective March 1, 2026, which is expected to generate an additional $16 million in water revenues and $2.9 million in wastewater revenues. The company is also preparing for potential capital expenditures of approximately $48 million in 2026 and 2027, aimed at infrastructure improvements and expansions. However, the company acknowledges that weather patterns, regulatory actions, and economic conditions could impact future results.
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.
About 10-K Filings
A 10-K form is a comprehensive annual report that public companies in the United States must file with the SEC, providing a detailed overview of the company's financial condition, performance, and business strategies.
Key points about the 10-K:
- Frequency: Filed annually, typically within 60 to 90 days after the end of the company's fiscal year.
-
Content: It includes:
- Detailed financial statements audited by an independent accounting firm
- Management's Discussion and Analysis (MD&A) of financial condition and results
- Description of the company's business, properties, and legal proceedings
- Risk factors and market risks
- Executive compensation and corporate governance information
- Importance: Considered the most comprehensive and important document a public company files with the SEC.
- Length: Often exceeds 100 pages due to its extensive and detailed nature.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.