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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 YORK WATER COMPANY REPORTS 2nd QUARTER AND SIX MONTHS EARNINGS York , Pennsylvania , August 5 , 2021 : The York Water Company's ( NASDAQ : YORW ) President , JT Hand , announced the Company's financial results for the second quarter and the first six months of 2021 . President Hand reported that second quarter operating revenues of $ 13,801,000 increased $ 481,000 and net income of $ 4,484,000 increased $ 302,000 compared to the second quarter of 2020. Basic and Diluted Earnings per share of $ 0.35 for the three - month period increased $ 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 . The increased revenue was partially offset by higher operation and maintenance expenses and depreciation . Income taxes decreased due to higher deductions from the IRS tangible property regulations . President Hand also reported that the first six months operating revenues of $ 26,882,000 increased $ 685,000 and net income of $ 8,189,000 increased $ 5,000 compared to the first six months of 2020 which included a non - recurring gain on life insurance of $ 515,000 not repeated in 2021. Increased revenues were primarily due to growth in the customer base and higher billing and revenue collection services . The increased revenue was partially offset by higher operation and maintenance expenses and depreciation . Income taxes decreased due to higher deductions from the IRS tangible property regulations . Basic and Diluted Earnings per share were $ 0.63 for the six - month period , the same as the first six months of last year . During the first six months of 2021 , the Company invested $ 16.0 million in construction expenditures for an upgrade to the enterprise software system as well as various replacements and improvements to infrastructure . The Company estimates it will invest an additional $ 16.5 million in 2021 , excluding acquisitions , for additional main extensions , an elevated water tank , 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 . Period Ended June 30 In 000's ( except per share ) Quarter Six Months 2021 2020 2021 2020 Operating Revenues Net Income $ $ Average Number of Common Shares Outstanding Basic and Diluted Earnings Per Common Share Dividends Declared Per Common Share 13,801 $ 4,484 $ 13,069 $ $ 0.35 $ 0.1874 $ 13,320 $ 4,182 $ 13,022 0.32 $ 0.1802 $ 26,882 $ 8,189 $ 13,062 0.63 $ 0.3748 $ 26,197 8,184 13,016 0.63 0.3604 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 .