Earnings release
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NEWS RELEASE Contact Information : JT Hand , President & CEO jth@yorkwater.com -OR- Matthew E. Poff , Chief Financial Officer matthewp@yorkwater.com 717-845-3601 EXHIBIT 99.1 FOR IMMEDIATE RELEASE " That good York water " SINCE 1816 130 East Market Street York , PA 17401 THE YORK WATER COMPANY REPORTS 2nd QUARTER AND SIX MONTHS EARNINGS York , Pennsylvania , August 6 , 2026 : 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 2026 . President Hand reported that second quarter operating revenues of $ 23,515,000 increased $ 4,316,000 , and net income of $ 7,615,000 increased $ 2,563,000 compared to the second quarter of 2025. Basic and Diluted Earnings per share of $ 0.49 for the three - month period increased $ 0.14 compared to the same period last year . Increased revenues were primarily due to increase in rates effective March 1 , 2026 partially offset by a reset to zero of the Distribution System Improvement Charge ( DSIC ) . The DSIC is a Pennsylvania Public Utility Commission allowed charge that water utilities collect from customers for the replacement of aging infrastructure . Growth in the customer base also added to revenues . The increased revenue was partially offset by higher operation and maintenance expenses , depreciation , and income taxes . President Hand also reported that the first six months operating revenues of $ 43,589,000 increased $ 5,934,000 , and net income of $ 12,429,000 increased $ 3,739,000 compared to the first six months of 2025. Increased revenues were primarily due to increase in rates effective March 1 , 2026 partially offset by a reset to zero of the DSIC . Income taxes decreased due to higher deductions from the IRS tangible property regulations . The increased revenue and lower income taxes were partially offset by higher operation and maintenance expenses and depreciation . Basic and Diluted Earnings per share of $ 0.82 for the six - month period increased $ 0.22 compared to the same period last year . During the first six months of 2026 , the Company invested $ 21.1 million in capital projects for main extensions , wastewater treatment plant construction , and an upgrade to the enterprise software system , as well as various replacements and improvements to infrastructure and routine items . In addition , the Company invested $ 470,000 in the acquisition of two wastewater systems , including the CMV Sewage Co. in York County and the Pine Run Retirement Community in Adams County . The Company estimates it will invest an additional $ 26.8 million in 2026 , excluding acquisitions , for additional main extensions , a continuing upgrade to the enterprise software system , 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 2026 Operating Revenues $ 23,515 $ Net Income $ 7,615 $ Average Number of Common Shares Outstanding Basic and Diluted Earnings Per Common Share 15,883 $ 0.49 $ 2025 19,199 $ 5,052 $ 14,397 0.35 $ Six Months 2026 43,589 $ 2025 37,655 12,429 $ 8,690 15,165 14,389 0.82 $ Dividends Declared Per Common Share 0.2280 $ 0.2192 $ 0.4560 $ 0.60 0.4384 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 .