Overview
York Water Q2 operating revenue rises to $19.2 mln, beating analyst expectations
EPS for Q2 at $0.35, surpassing analyst estimates
Net income for Q2 increases to $5.05 mln, driven by customer base growth
Outlook
York Water plans $23.8 mln investment in 2025 for infrastructure improvements
Company to invest in wastewater plant construction and software upgrades
York Water aims to ensure reliable water supply with new investments
Result Drivers
CUSTOMER BASE GROWTH - Revenue growth driven by expansion in customer base and Distribution System Improvement Charge (DSIC) charges
HIGHER EXPENSES - Increased operation and maintenance costs, depreciation, and interest on debt offset revenue gains
LOWER TAXES - Income taxes decreased due to higher deductions from IRS tangible property regulations
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Operating Revenue | Beat | $19.20 mln | $19 mln (1 Analyst) |
Q2 EPS | Beat | $0.35 | $0.33 (1 Analyst) |
Q2 Net Income |
| $5.05 mln |
|
Analyst Coverage
The one available analyst rating on the shares is "strong buy"
The average consensus recommendation for the water & related utilities peer group is "buy."
Wall Street's median 12-month price target for York Water Co is $41.00, about 24.6% above its August 11 closing price of $30.92
The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 23 three months ago
Press Release: ID:nGNX3PCkT8