$YORW

YORK WATER CO

CIK:0000108985|SEC Filings

Statements of Income (Unaudited) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
Statements of Income (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
Statements of Income [Abstract]
OPERATING REVENUES:	$ 23,515	$ 19,199	$ 43,589	$ 37,655
OPERATING EXPENSES:
Operation and maintenance	5,953	4,823	11,946	10,034
Administrative and general	3,617	3,338	7,160	6,261
Depreciation and amortization	3,654	3,506	7,313	7,070
Taxes other than income taxes	483	446	1,009	921
Operating expenses	13,707	12,113	27,428	24,286
Operating income	9,808	7,086	16,161	13,369
OTHER INCOME (EXPENSES):
Interest on debt	(2,282)	(2,521)	(4,997)	(4,940)
Allowance for funds used during construction	333	191	606	376
Other pension costs	130	132	260	265
Other income (expenses), net	(208)	(203)	(280)	(275)
Other income (expenses)	(2,027)	(2,401)	(4,411)	(4,574)
Income before income taxes	7,781	4,685	11,750	8,795
Income tax expense (benefit)	166	(367)	(679)	105
Net Income	$ 7,615	$ 5,052	$ 12,429	$ 8,690
Basic Earnings Per Share (in Dollars per share)	$ 0.49	$ 0.35	$ 0.82	$ 0.6
Diluted Earnings Per Share (in Dollars per share)	$ 0.49	$ 0.35	$ 0.82	$ 0.6

Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 12,429	$ 8,690
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	7,313	7,070
Stock-based compensation	116	170
Decrease in deferred income taxes	(679)	(155)
Other	389	244
Changes in assets and liabilities:
Increase in accounts receivable and unbilled revenues	(2,596)	(440)
Increase in recoverable income taxes	0	(237)
Increase in materials and supplies inventories, prepaid expenses, prepaid pension cost, deferred regulatory and other assets	(4,702)	(3,319)
Increase in accounts payable, accrued compensation and benefits, other accrued expenses, deferred employee benefits, deferred regulatory liabilities, and other deferred credits	4,978	1,587
Decrease in accrued interest	(7)	(7)
Net cash provided by operating activities	17,241	13,603
CASH FLOWS FROM INVESTING ACTIVITIES:
Utility plant additions, including debt portion of allowance for funds used during construction of $339 in 2026 and $210 in 2025	(21,102)	(22,182)
Acquisitions of wastewater systems	(470)	0
Decrease in note receivable	7	0
Cash received from surrender of life insurance policies	1,299	0
Net cash used in investing activities	(20,266)	(22,182)
CASH FLOWS FROM FINANCING ACTIVITIES:
Customers' advances for construction and contributions in aid of construction	6,851	2,984
Repayments of customer advances	(621)	(247)
Proceeds of long-term debt issues	25,290	26,423
Repayments of long-term debt	(57,910)	(13,692)
Repayments under short-term agreements	(10,000)	0
Changes in cash overdraft position	(1,836)	(1,393)
Issuance of common stock	48,376	812
Dividends paid	(6,571)	(6,308)
Net cash provided by financing activities	3,579	8,579
Net change in cash and cash equivalents	554	0
Cash and cash equivalents at beginning of period	1	1
Cash and cash equivalents at end of period	555	1
Cash paid during the period for:
Interest, net of amounts capitalized	4,698	4,588
Income taxes	$ 0	$ 470
Supplemental disclosure of non-cash investing and financing activities:
Accounts payable includes $6,386 in 2026 and $5,016 in 2025 for the construction of utility plant.

Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2026	Dec. 31, 2025
ASSETS
UTILITY PLANT, at original cost	$ 735,857	$ 711,121
Plant acquisition adjustments	(10,006)	(9,761)
Accumulated depreciation	(139,287)	(132,934)
Net utility plant	586,564	568,426
OTHER PHYSICAL PROPERTY, net of accumulated depreciation of $590 in 2026 and $573 in 2025	1,491	1,500
CURRENT ASSETS:
Cash and cash equivalents	555	1
Accounts receivable, net of reserves of $1,860 in 2026 and $1,710 in 2025	8,639	8,572
Unbilled revenues	4,501	3,833
Recoverable income taxes	1,054	1,054
Materials and supplies inventories, at cost	3,243	3,361
Prepaid expenses	2,075	1,621
Total current assets	20,067	18,442
OTHER LONG-TERM ASSETS:
Prepaid pension cost	28,352	27,969
Note receivable	248	255
Deferred regulatory assets	62,140	59,297
Other assets	5,105	4,999
Total other long-term assets	95,845	92,520
Total Assets	703,967	680,888
COMMON STOCKHOLDERS' EQUITY:
Common stock, no par value, authorized 46,500,000 shares, issued and outstanding 16,227,737 shares in 2026 and 14,446,581 shares in 2025	188,444	139,952
Retained earnings	105,832	100,395
Total common stockholders' equity	294,276	240,347
PREFERRED STOCK, authorized 500,000 shares, no shares issued	0	0
LONG-TERM DEBT	189,364	221,900
COMMITMENTS
CURRENT LIABILITIES:
Short-term borrowings	0	10,000
Current portion of long-term debt	340	330
Accounts payable	9,337	8,423
Dividends payable	3,453	3,032
Accrued compensation and benefits	2,106	1,879
Accrued interest	2,483	2,490
Deferred regulatory liabilities	937	889
Other accrued expenses	504	584
Total current liabilities	19,160	27,627
DEFERRED CREDITS:
Customers' advances for construction	27,953	22,357
Deferred income taxes	71,258	67,276
Deferred employee benefits	3,586	3,546
Deferred regulatory liabilities	46,379	46,298
Other deferred credits	299	479
Total deferred credits	149,475	139,956
Contributions in aid of construction	51,692	51,058
Total Stockholders' Equity and Liabilities	$ 703,967	$ 680,888