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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 " SINCE 19 FOR IMMEDIATE RELEASE YORK WATER COMPANY REPORTS 3rd QUARTER AND NINE MONTHS EARNINGS York , Pennsylvania , November 5 , 2021 : The York Water Company's ( NASDAQ : YORW ) President , JT Hand , announced the Company's financial results for the third quarter and the first nine months of 2021 . President Hand reported that third quarter operating revenues of $ 14,503,000 increased $ 246,000 and net income of $ 4,794,000 increased $ 90,000 compared to the third quarter of 2020. Increased revenues were primarily due to the utilization of the Distribution System Improvement Charge ( DSIC ) and growth in the customer base . The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure . 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 $ 0.36 for the three - month period , the same as the third quarter of last year . President Hand also reported that the first nine months operating revenues of $ 41,385,000 increased $ 931,000 and net income of $ 12,983,000 increased $ 95,000 compared to the first nine 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 the utilization of the DSIC and growth in the customer base . 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 $ 0.99 for the nine - month period , the same as the first nine months of last year . During the first nine months of 2021 , the Company invested $ 27.4 million in 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 $ 7.6 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 September 30 In 000's ( except per share ) Quarter Nine Months 2021 2020 2021 2020 Operating Revenues $ Net Income $ Average Number of Common Shares Outstanding Basic and Diluted Earnings Per Common Share 14,503 $ 4,794 $ 13,084 $ Dividends Declared Per Common Share $ 0.36 $ 0.1874 $ 14,257 $ 4,704 $ 13,032 0.36 $ 0.1802 $ 41,385 $ 12,983 $ 40,454 12,888 13,070 13,021 0.99 $ 0.99 0.5622 $ 0.5406 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 . ###