York Water Co Q3 revenue rises 20% on rate hike and customer growth

Overview

• Water utility's Q3 revenue rose 20% yr/yr on rate hike and customer growth

• Q3 EPS increased to $0.48 from $0.43 a year earlier

• Company invested $36.2 mln in capital projects and acquired two wastewater systems in first nine months

Outlook

• Company estimates additional $11.8 mln investment in 2026 for infrastructure and upgrades

Result Drivers

• RATE INCREASE - Co said higher rates effective March 1, 2026 drove revenue growth in Q3

• CUSTOMER GROWTH - Co said expansion of customer base contributed to higher Q3 revenue

• HIGHER EXPENSES - Co said increased operation and maintenance expenses, depreciation, and income taxes partially offset revenue gains

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the water & related utilities peer group is "buy"

• Wall Street's median 12-month price target for York Water Co is $34.00, about 5.5% above its November 5 closing price of $32.22

• The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 19 three months ago

Reuters Recommended Reads

• Nov 3 - Essential Utilities Q3 revenue rises on regulatory recoveries, higher gas costs

• Nov 3 - Global Water Resources Q3 revenue beats estimates on growth in active water and wastewater connections

• Nov 4 - Southwest Gas Q3 profit beats estimates on rate hikes, lower interest expense

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)