The York Water Company (YORW) investor relations material

Executive summary

• Net income for Q2 2026 rose 50.7% year-over-year to $7,615, driven by higher operating revenues from rate increases and customer growth, partially offset by increased expenses and taxes.

• Operating revenues for Q2 2026 increased 22.5% year-over-year to $23,515, primarily due to a rate increase effective March 1, 2026, and growth in both water and wastewater customers.

• Six-month operating revenues totaled $43,589, up $5.9 million year-over-year.

• The company completed two wastewater system acquisitions in early 2026, adding approximately 380 customers and expanding its service area.

• Six-month net income was $12,429, up $3.7 million from the prior year period.

Financial highlights

• Q2 2026 EPS: $0.49 (up from $0.35); six-month EPS: $0.82 (up from $0.60).

• Dividends declared per share for Q2 2026 were $0.2280, up from $0.2192 last year; six-month dividends totaled $0.4560 per share.

• Operating expenses for Q2 2026 increased 13.2% year-over-year to $13,707, mainly due to higher maintenance, wages, and depreciation.

• Interest expense for Q2 2026 decreased 9.5% year-over-year to $2,282 due to repayment of short-term debt after a stock offering.

Outlook and guidance

• Revenues are expected to increase for the remainder of 2026 due to higher rates, summer demand, and customer growth from acquisitions.

• Plans to invest an additional $26,800,000 in 2026 (excluding acquisitions) for infrastructure and system upgrades.

• No additional rate increase filings or DSIC collections are expected in 2026.

• Construction expenditures for the remainder of 2026 are anticipated at $26,800, funded primarily by internal cash, credit lines, and customer advances.

• Focus on main extensions, enterprise software upgrades, and routine improvements to support growth and reliability.