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News Release Contact : or Phone : EXHIBIT 99.1 JT Hand , President and CEO jth@yorkwater.com , 717-718-7554 Matthew E. Poff , Chief Financial Officer matthewp@yorkwater.com , 717-718-7549 717-845-3601 The York Water Company 130 East Market Street York , PA 17401 " That good York water " FOR IMMEDIATE RELEASE THE YORK WATER COMPANY REPORTS THREE MONTHS EARNINGS York , Pennsylvania , May 4 , 2021 : The York Water Company's ( NASDAQ : YORW ) President , JT Hand , announced the Company's financial results for the first quarter of 2021 . President Hand reported that first quarter operating revenues of $ 13,081,000 increased $ 204,000 , but net income of $ 3,705,000 decreased $ 297,000 compared to the first quarter of 2020 primarily due to a non - recurring gain on life insurance of $ 515,000 in the first quarter of 2020 not repeated in 2021. Basic and Diluted Earnings per share of $ 0.28 for the three - month period decreased $ 0.03 compared to the same period last year . Increased revenues were primarily due to growth in the customer base and higher billing and revenue collection services . Per capita consumption decreased slightly , but residential demand increased . The increased income was offset by higher operation and maintenance expenses and depreciation . Income taxes decreased due to higher deductions from the IRS tangible property regulations . During the first three months of 2021 , the Company invested $ 7.4 million in construction expenditures for various replacements and improvements to infrastructure . The Company estimates it will invest an additional $ 26.1 million in 2021 , excluding acquisitions , for additional main extensions , an elevated water tank , an upgrade to the enterprise software system , completion of a wastewater treatment plant , and routine improvements to its pipes , service lines , and other facilities to ensure a safe , adequate , and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company's growing customer base . Operating Revenues Net Income Average Number of Common Shares Outstanding Basic and Diluted Earnings per Common Share Dividends Declared Per Common Share Three Months Ended March 31 In 000's ( except per share ) ISASA $ 2021 13,081 $ 2020 12,877 $ 3,705 $ 4,002 13,056 13,010 SS 0.28 $ 0.31 $ 0.1874 $ 0.1802 This news release may contain forward - looking statements regarding the Company's operational and financial expectations . These statements are based on currently available information and are subject to risks , uncertainties , and other events which could cause the Company's actual results to be materially different from the results described in this statement . The Company undertakes no duty to update any forward - looking statement . ###