York Water Q3 Revenue Rises to $24.3 Million

The York Water Company reported higher third-quarter 2026 revenue and net income, driven largely by rate increases that took effect in March.

Updated on Nov. 6, 2026 in Corporate Finance

Isometric editorial illustration of a lone cylindrical water tank on a concrete pad beside pale green farmland under a flat grey sky. — York Water Co. reported third-quarter 2026 revenue of $24.3 million, up $4 million from a year earlier, as rate increases took effect in March. AI Illustration. Upload story photo >

The York Water Company reported third-quarter 2026 operating revenues of $24,333,000, up $3,972,000 from the same quarter of 2025, with net income of $7,809,000. For the first nine months of 2026, the company reported operating revenues of $67,922,000 and net income of $20,238,000.

Why it matters

The results reflect the effect of rate increases effective March 1, 2026, which lifted revenues for York-area water customers. Higher operating costs, depreciation, and income taxes partially offset the revenue gains.

Basic and diluted earnings per share were $0.48 for the third quarter and $1.30 for the first nine months of 2026. The company invested $36.2 million in capital projects during the first nine months, and expects roughly $11.8 million more in 2026, excluding acquisitions.

The players

The York Water Company

A regulated water utility headquartered in York, Pennsylvania, serving customers across south-central Pennsylvania.

The details

Revenue growth was primarily driven by rate increases effective March 1, 2026, partially offset by a reset to zero of the Distribution System Improvement Charge, while customer base growth also contributed. The company also acquired two wastewater systems in 2026 for $470,000, including CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County.

March 1, 2026: Rate increases took effect, boosting revenues.
First nine months of 2026: Capital investments and wastewater acquisitions occurred.
Third quarter of 2026: Quarterly revenue and net income results were reported.
November 6, 2026: Third quarter and nine-month earnings were announced.

Market Dynamics

The revenue gains follow the regulated rate-recovery cycle that Pennsylvania water utilities operate under, where approved rate increases feed directly into reported earnings. The company's continued capital spending places it within that same cycle of infrastructure investment funded through customer rates.

For shareholders, the $0.48 third-quarter and $1.30 nine-month earnings per share reflect the company's current profitability under its rate structure. Investors may weigh these results against the $11.8 million in additional 2026 capital spending the company has projected.

The takeaway

Rate increases can drive utility revenue growth, but rising operating costs and infrastructure spending can offset those gains. Readers tracking regulated utilities should watch whether higher earnings hold as capital investment continues.