York Water
Regulated water and wastewater utility serving a four-county franchise in south-central Pennsylvania.
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Profile
Stores, treats, and distributes drinking water — and, increasingly, collects and treats wastewater — across a four-county franchise in south-central Pennsylvania, growing mainly by acquiring small municipal and industrial-park systems one at a time under Pennsylvania Public Utility Commission oversight.
Stores, treats, and distributes drinking water across a franchise spanning four counties in south-central Pennsylvania, and has added wastewater collection and treatment as a newer, smaller line of business.
Growth comes mainly from folding in small municipal, industrial-park, mobile-home-park, and retirement-community systems one at a time, a pattern that pushed the franchise beyond its home county and, more recently, across the Susquehanna River into a county to the east.
Every rate change, financing decision, and service-territory expansion requires approval from the Pennsylvania Public Utility Commission, and each acquisition depends on similar regulatory sign-off.
Incorporated in 1816 and listed on Nasdaq in 2000, the company runs with a workforce of about 127 people, small even among regional water utilities, and has paid a dividend without interruption since its founding.
Company facts
Categories
Key statistics
Year to date +7.5% · Average volume (30d) 120.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Target |
|---|---|---|---|
| Aug 10, 2026 | Cantor Fitzgerald | Target | $31 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 6, 2026Q2 FY26 | $0.40 | $0.49 | +24.1% | $22.2M | $23.5M | +6.0% | +2.56% |
| May 5, 2026Q1 FY26 | $0.31 | $0.33 | +6.5% | $20.3M | $20.1M | −1.1% | −0.34% |
| Mar 3, 2026Q4 FY25 | $0.32 | $0.36 | +12.5% | $20.0M | $19.5M | −2.6% | +0.21% |
| Nov 6, 2025Q3 FY25 | $0.38 | $0.43 | +13.2% | $21.0M | $20.4M | −3.0% | −1.17% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $18.5M | $19.2M | $20.4M | −$58.0M | $20.1M | $23.5M | |
| Gross profit | $13.2M | $14.4M | $15.0M | −$63.4M | $14.1M | $17.6M | |
| Operating income | $6.3M | $7.1M | $7.9M | $6.4M | $6.4M | $9.8M | |
| Net income | $3.6M | $5.1M | $6.2M | $5.2M | $4.8M | $7.6M | |
| Diluted EPS | $0.25 | $0.35 | $0.43 | $0.36 | $0.33 | $0.49 | |
| Gross margin | 71.8% | 74.9% | 73.7% | — | 70.1% | 74.7% | |
| Operating margin | 34.0% | 36.9% | 38.9% | — | 31.6% | 41.7% |
Fiscal years (4-quarter sums)FY21 $55.1M · FY22 $60.1M · FY23 $71.0M · FY24 $75.0M · FY25 $0
Revenue by product · Q1 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $555.0K · Total debt $189.7M · Total assets $704.0M · Shareholders' equity $294.3M
Dividends
Raised for 15 straight years — most recently to $0.228 from $0.2192 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 30, 2026 | Jun 30 | Jul 15 | $0.228 | |
| Feb 27, 2026 | Feb 27 | Apr 15 | $0.228 | |
| Dec 31, 2025 | Dec 31 | Jan 15 | $0.228 | raised from $0.2192 |
| Sep 30, 2025 | Sep 30 | Oct 15 | $0.2192 | |
| Jun 30, 2025 | Jun 30 | Jul 15 | $0.2192 | |
| Feb 28, 2025 | Feb 28 | Apr 15 | $0.2192 | |
| Dec 31, 2024 | Dec 31 | Jan 15 | $0.2192 | raised from $0.2108 |
| Sep 30, 2024 | Sep 30 | Oct 15 | $0.2108 |
Ownership
Shares outstanding 16.21M · Float 16.11M · 99.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Zimmer Partners, LP | 1.42M | 8.76% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 1.28M | 7.91% | 13F | Aug 7, 2026 |
| Morgan Stanley | 713.4K | 4.40% | 13F | Aug 13, 2026 |
| Vanguard Capital Management LLC | 712.8K | 4.40% | 13F | Aug 13, 2026 |
| Geode Capital Management, LLC | 421.7K | 2.60% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 27, 2026 | Matthew E. Poff | officer: Chief Financial Officer | +30 | $34.19 |
| Aug 20, 2026 | Douglas S. Brossman | director | +30 | $33.19 |
| Aug 14, 2026 | Joseph Thomas Hand | director, officer: President & CEO | −8,000 | $33.28 |
| Jul 20, 2026 | Douglas S. Brossman | director | +32 | $30.99 |
| Jul 16, 2026 | Suzanne M. Becker | officer: VP- Customer Service | +45 | $29.11 |
Peers
- American Water Works
Direct rival in south-central PA via Pennsylvania American Water
- Essential Utilities
Aqua Pennsylvania's network directly overlaps the four-county PA franchise
- Middlesex Water
Small/mid-cap NJ, DE and PA water utility peer growing via tuck-ins
- Artesian Resources
Family-controlled, Delaware-concentrated small-cap regulated water utility
- Global Water Resources
Small-cap water, wastewater and recycled-water utility in Phoenix-Tucson
- H2O America
Larger multi-state regulated water utility comparable (CA, CT, ME, TX)
- California Water Service Group
Much larger Western US water utility (CA/WA/NM/HI/TX) — no PA overlap
- Consolidated Water
Caribbean desalination and US water-infrastructure peer, not a direct rival
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| York Water | $34.12 | +0.06% | $553.1M | 21.2 | 21.0 | 93.2 | +22.5% |
| American Water Works | $134.88 | −2.46% | $27.48B | 23.9 | 22.6 | 5.2 | +6.2% |
| Essential Utilities | $41.25 | +0.39% | $11.66B | 21.0 | 17.8 | 4.5 | +3.1% |
| Middlesex Water | $57.66 | −1.35% | $1.10B | 22.5 | 22.2 | 5.3 | +14.3% |
| Artesian Resources | $35.63 | +0.14% | $367.9M | 15.6 | 15.3 | 3.1 | +7.4% |
| Global Water Resources | $9.13 | −0.11% | $262.6M | 82.9 | 81.9 | 4.4 | +24.8% |
| H2O America | $63.02 | −0.83% | $2.66B | 22.4 | 23.2 | 3.2 | +6.2% |
| California Water Service Group | $50.48 | 0.00% | $3.12B | 22.8 | 19.4 | 3.0 | +16.5% |
| Consolidated Water | $29.85 | +0.30% | $476.0M | 29.8 | 21.1 | 3.7 | −2.2% |
| Median | 22.6 | 21.7 | 4.0 | +6.8% |