NASDAQ$YORW

The York Water Company · Q2 2023 earnings

Q2 2023 earnings · · Investor relations

Briefing

York Water's Q2 2023 earnings increased due to higher operating revenues and net income, driven by rate increases and customer growth.

York Water Company reported an increase in operating revenues and net income for the second quarter of 2023. Operating revenues increased by $3,868,000 and net income increased by $1,495,000 compared to the second quarter of 2022. Earnings per share increased by $0.09 compared to the same period last year.

  • Operating revenues increased by $3,868,000 compared to Q2 2022.
  • Net income increased by $1,495,000 compared to Q2 2022.
  • Earnings per share increased by $0.09 compared to Q2 2022.
  • Revenue growth was primarily driven by rate increases effective March 1, 2023 and growth in the customer base.

Headline financials

Total Revenue

$18.8M

Previous: $14.9M+26.0%
EPS (adj)

$0.45

Previous: $0.36+25.0%
Capital Expenditures

-$29.8M

Previous: -$19M-56.6%
Free Cash Flow

-$23.2M

Previous: -$14M-66.3%
Net Income

$6.52M

Previous: $5.03M+29.7%
Operating Income

$8.52M

Previous: $6.57M+29.5%
Gross Profit

$18.8M

Previous: $14.9M+26.0%
Cash & Equivalents

$1K

Previous: $2.64M-100.0%
Total Assets

$544M

Previous: $487M+11.6%

Revenue & EPS history

York Water · Revenue · Quarterly

$18.8M

Q2 2023+26%vs Q2 2022
Beat estimate in 10 of 12 quarters(83%)
ActualEstimate

Forward guidance

The Company estimates it will invest an additional $30.4 million in 2023, excluding acquisitions, for capital projects.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2023

Historical avgQ2 2023

-0.1%

Avg return

Earnings day

-0.1%

Avg return

5 days after

+1.4%

Avg return

30 days after

49%

32 / 65 earnings

Positive

+8.1%

Q4 2020

Best reaction

-11.5%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.0%+1.7%+1.6%
Q4 2025+0.3%-1.2%-5.4%
Q3 2025-1.3%-0.8%+2.2%
Q1 2025+1.0%+1.4%-1.1%
Q4 2024+0.0%+3.2%+5.6%
Q3 2024-1.7%-5.5%-9.3%
Q2 2024-5.9%-7.2%-5.3%
Q1 2024+1.7%+4.6%-0.3%
Q4 2023-1.4%-0.8%-1.9%
Q3 2023+3.5%+1.8%+5.8%
Q2 2023-0.1%+1.0%-1.5%
Q1 2023-0.8%+0.7%-0.8%
Q4 2022+0.0%+1.0%+6.2%
Q3 2022+5.2%+2.6%+8.3%
Q2 2022-0.5%+0.6%+2.5%
Q1 2022+3.0%+0.3%+7.5%
Q4 2021-6.3%-8.3%-8.7%
Q3 2021+1.4%+2.2%-3.2%
Q2 2021+1.4%+0.2%+7.6%
Q1 2021-4.9%-4.6%-1.3%
Q4 2020+8.1%+9.4%+11.1%
Q3 2020+0.2%+9.3%+5.5%
Q2 2020+6.9%+4.6%-0.8%
Q1 2020+1.3%+5.8%+11.3%
Q4 2019-11.5%-12.0%-6.2%
Q3 2019-2.0%-1.9%+4.5%
Q2 2019-2.4%-0.7%+4.1%
Q1 2019-1.1%+4.5%+3.0%
Q4 2018-4.1%-5.6%-5.9%
Q3 2018-0.1%+1.4%+6.5%
Q2 2018-3.3%-2.0%-0.7%
Q1 2018-1.1%-0.9%-3.7%
Q4 2017+5.1%+9.6%+12.0%
Q3 2017+4.2%+2.4%+7.5%
Q2 2017+2.4%+0.0%-3.2%
Q1 2017-9.2%-10.4%-11.4%
Q4 2016-3.4%-5.1%-2.4%
Q3 2016-1.5%+0.2%+21.6%
Q2 2016-4.3%-4.9%-7.9%
Q1 2016-1.6%
Q4 2015+6.1%
Q3 2015-1.8%
Q2 2015-3.3%
Q1 2015-2.4%
Q4 2014+1.0%
Q3 2014-1.8%
Q2 2014+1.5%
Q1 2014-1.2%
Q4 2013-2.5%
Q3 2013+1.0%
Q2 2013-0.4%
Q1 2013-1.4%
Q4 2012+0.6%
Q3 2012-2.0%
Q2 2012-2.1%
Q1 2011+0.5%
Q1 2012+0.5%
Q4 2011+1.4%
Q3 2011+2.1%
Q3 2010+2.1%
Q4 2009+3.6%
Q2 2011+3.6%
Q2 2010+3.6%
Q4 2010+3.6%
Q1 2010+2.0%

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