York Water (YORW)
Market Price (11/9/2026): $32.1 | Market Cap: $521.3 MilSector: Utilities | Industry: Water Utilities
York Water (YORW)
Market Price (11/9/2026): $32.1Market Cap: $521.3 MilSector: UtilitiesIndustry: Water Utilities
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, Dividend Yield is 2.5% Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14% Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 38% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41% Low stock price volatilityVol 12M is 19% Megatrend and thematic driversMegatrends include Water Infrastructure. Themes include Water Treatment & Delivery, and Wastewater Management. | Trading close to highsDist 52W High is -5.0% Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -76% | Expensive valuation multiplesP/SPrice/Sales ratio is 6.1x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 15x Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% Key risksYORW key risks include [1] a surprising decline in earnings driven by surging capital expenditures and rising debt, Show more. |
| Attractive yieldTotal YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.3%, Dividend Yield is 2.5% |
| Strong revenue growthRev Chg LTMRevenue Change % Last Twelve Months (LTM) is 14% |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 38% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 41% |
| Low stock price volatilityVol 12M is 19% |
| Megatrend and thematic driversMegatrends include Water Infrastructure. Themes include Water Treatment & Delivery, and Wastewater Management. |
| Trading close to highsDist 52W High is -5.0% |
| Weak multi-year price returns2Y Excs Rtn is -31%, 3Y Excs Rtn is -76% |
| Expensive valuation multiplesP/SPrice/Sales ratio is 6.1x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 15x |
| Not cash flow generativeFCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -14% |
| Key risksYORW key risks include [1] a surprising decline in earnings driven by surging capital expenditures and rising debt, Show more. |
Qualitative Assessment
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York Water (YORW) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Beat. Reported on August 6, 2026, for the fiscal quarter ended June 30, 2026, The York Water Company exceeded analyst expectations. The company reported earnings per share (EPS) of $0.49, which significantly beat the consensus estimate of $0.40 by 22.5%. Additionally, operating revenues of $23.52 million surpassed the estimated $22.18 million. This strong financial performance for the preceding quarter directly contributed to positive investor sentiment within the analysis period.
2. Continued Shareholder Returns Through Dividends. The company maintained its consistent dividend policy, which is attractive to investors. A quarterly dividend of $0.228 per share was declared and subsequently paid on October 15, 2026, to shareholders of record on September 30, 2026. This represents an annualized dividend of $0.91 and a dividend yield of 2.9%, reinforcing investor confidence in its stable returns.
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York Water (YORW) stock has gained about 5% since 7/31/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Earnings Beat. Reported on August 6, 2026, for the fiscal quarter ended June 30, 2026, The York Water Company exceeded analyst expectations. The company reported earnings per share (EPS) of $0.49, which significantly beat the consensus estimate of $0.40 by 22.5%. Additionally, operating revenues of $23.52 million surpassed the estimated $22.18 million. This strong financial performance for the preceding quarter directly contributed to positive investor sentiment within the analysis period.
2. Continued Shareholder Returns Through Dividends. The company maintained its consistent dividend policy, which is attractive to investors. A quarterly dividend of $0.228 per share was declared and subsequently paid on October 15, 2026, to shareholders of record on September 30, 2026. This represents an annualized dividend of $0.91 and a dividend yield of 2.9%, reinforcing investor confidence in its stable returns.
3. Favorable Macroeconomic Trends for the Utility Sector. The broader utility sector experienced robust demand growth during the period. The U.S. Energy Information Administration (EIA) forecasted power growth from 2023 through 2027 to be the strongest since 2000, primarily driven by factors such as data centers, industrial expansion, and increased electrification. Additionally, industrial output in the utilities sector specifically grew by 3.5% in September 2026, contributing to a positive operating environment for water utility companies like York Water.
4. Analyst Rating Upgrade. On August 3, 2026, Weiss Ratings upgraded The York Water Company's stock from a "hold (c-)" rating to a "hold (c)" rating. While maintaining a "Hold" overall, this upward revision in analyst sentiment indicated an improved outlook on the company's financial health or operational prospects, contributing positively to market perception during the specified period.
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Stock Movement Drivers
Fundamental Drivers
The 6.1% change in YORW stock from 7/31/2026 to 11/8/2026 was primarily driven by a 10.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 7312026 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.74 | 32.62 | 6.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 79 | 87 | 10.5% |
| Net Income Margin (%) | 26.8% | 29.1% | 8.3% |
| P/E Multiple | 20.9 | 20.8 | -0.4% |
| Shares Outstanding (Mil) | 14 | 16 | -11.0% |
| Cumulative Contribution | 6.1% |
Market Drivers
7/31/2026 to 11/8/2026| Return | Correlation | |
|---|---|---|
| YORW | 6.1% | |
| Market (SPY) | -1.6% | -6.1% |
| Sector (XLU) | -2.8% | 44.7% |
Fundamental Drivers
The 14.1% change in YORW stock from 4/30/2026 to 11/8/2026 was primarily driven by a 12.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 4302026 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 28.59 | 32.62 | 14.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 77 | 87 | 12.8% |
| Net Income Margin (%) | 25.9% | 29.1% | 12.3% |
| P/E Multiple | 20.6 | 20.8 | 1.3% |
| Shares Outstanding (Mil) | 14 | 16 | -11.1% |
| Cumulative Contribution | 14.1% |
Market Drivers
4/30/2026 to 11/8/2026| Return | Correlation | |
|---|---|---|
| YORW | 14.1% | |
| Market (SPY) | 2.6% | -15.7% |
| Sector (XLU) | -7.4% | 46.3% |
Fundamental Drivers
The 8.1% change in YORW stock from 10/31/2025 to 11/8/2026 was primarily driven by a 14.6% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 10312025 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 30.19 | 32.62 | 8.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 76 | 87 | 14.6% |
| Net Income Margin (%) | 25.8% | 29.1% | 12.5% |
| P/E Multiple | 22.1 | 20.8 | -5.6% |
| Shares Outstanding (Mil) | 14 | 16 | -11.2% |
| Cumulative Contribution | 8.1% |
Market Drivers
10/31/2025 to 11/8/2026| Return | Correlation | |
|---|---|---|
| YORW | 8.1% | |
| Market (SPY) | 8.7% | -11.0% |
| Sector (XLU) | -1.2% | 42.1% |
Fundamental Drivers
The -2.1% change in YORW stock from 10/31/2023 to 11/8/2026 was primarily driven by a -11.9% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 10312023 | 11082026 | Change |
|---|---|---|---|
| Stock Price ($) | 33.33 | 32.62 | -2.1% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 65 | 87 | 34.3% |
| Net Income Margin (%) | 32.1% | 29.1% | -9.3% |
| P/E Multiple | 22.8 | 20.8 | -8.7% |
| Shares Outstanding (Mil) | 14 | 16 | -11.9% |
| Cumulative Contribution | -2.1% |
Market Drivers
10/31/2023 to 11/8/2026| Return | Correlation | |
|---|---|---|
| YORW | -2.1% | |
| Market (SPY) | 81.9% | 5.0% |
| Sector (XLU) | 56.9% | 45.3% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| YORW Return | 9% | -8% | -12% | -13% | 0% | 5% | -20% |
| Peers Return | 35% | -17% | -14% | -7% | 2% | 21% | 12% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 105% |
Monthly Win Rates [3] | |||||||
| YORW Win Rate | 50% | 50% | 50% | 42% | 50% | 64% | |
| Peers Win Rate | 68% | 45% | 45% | 45% | 45% | 75% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 45% | |
Max Drawdowns [4] | |||||||
| YORW Max Drawdown | -19% | -24% | -23% | -20% | -16% | -14% | |
| Peers Max Drawdown | -16% | -31% | -28% | -19% | -16% | -12% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: AWK, WTRG, AWR, CWT, MSEX.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 11/6/2026 (YTD)
How Low Can It Go
| Event | YORW | S&P 500 |
|---|---|---|
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -15.7% | -9.5% |
| % Gain to Breakeven | 18.6% | 10.5% |
| Time to Breakeven | 281 days | 24 days |
| 2020 COVID-19 Crash | ||
| % Loss | -26.5% | -33.7% |
| % Gain to Breakeven | 36.0% | 50.9% |
| Time to Breakeven | 108 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -34.1% | -53.4% |
| % Gain to Breakeven | 51.8% | 114.4% |
| Time to Breakeven | 109 days | 1085 days |
In The Past
York Water's stock fell -4.6% during the 2025 US Tariff Shock. Such a loss loss requires a 4.8% gain to breakeven.
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| Event | YORW | S&P 500 |
|---|---|---|
| 2020 COVID-19 Crash | ||
| % Loss | -26.5% | -33.7% |
| % Gain to Breakeven | 36.0% | 50.9% |
| Time to Breakeven | 108 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -34.1% | -53.4% |
| % Gain to Breakeven | 51.8% | 114.4% |
| Time to Breakeven | 109 days | 1085 days |
In The Past
York Water's stock fell -4.6% during the 2025 US Tariff Shock. Such a loss loss requires a 4.8% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About York Water (YORW)
The York Water Company (YORW) is a long-standing utility company that provides essential water and wastewater services. Its primary business involves the impoundment, purification, and distribution of drinking water. To support these operations, YORW owns and manages substantial infrastructure, including two large reservoirs, Lake Williams and Lake Redman, which collectively hold around 2.2 billion gallons of water. The company also operates a 15-mile pipeline from the Susquehanna River to Lake Redman and utilizes nine groundwater wells to supply water to its customers.
In addition to drinking water supply, York Water also specializes in wastewater management. It owns and operates multiple wastewater collection and treatment systems, ensuring comprehensive utility services for its service area. The company primarily serves customers located in 51 municipalities across three counties in south-central Pennsylvania.
YORW's customer base is diverse, encompassing residential, commercial, and industrial sectors. Its industrial clients represent a broad spectrum of economic activity, including industries such as fixtures and furniture, electrical machinery, food products, paper, textile products, air conditioning systems, and even specialized fields like ordnance units, barbells, and motorcycles. Incorporated in 1816 and headquartered in York, Pennsylvania, the company has a deep historical presence in the region it serves.
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Here are 1-3 brief analogies for The York Water Company (YORW):
- Like your local electric utility, but for water and wastewater services.
- American Water Works (AWK) for south-central Pennsylvania.
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- Drinking Water Distribution: Provides impounded, purified, and distributed drinking water to residential, commercial, and industrial customers.
- Wastewater Collection and Treatment: Operates systems for the collection and treatment of wastewater.
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Major Customers of The York Water Company (YORW)
The York Water Company serves a diverse customer base and does not primarily sell to a few major public companies whose names would be disclosed. Instead, it serves a large number of customers across different categories within its 51 municipalities in south-central Pennsylvania. Its major customer categories include:
- Residential Customers: Individuals and households within the 51 municipalities that consume drinking water and utilize wastewater services for their homes.
- Commercial and Industrial Customers: A wide range of businesses and industries located within its service territory. The company specifically lists serving industries such as fixtures and furniture, electrical machinery, food products, paper, ordnance units, textile products, air conditioning systems, laundry detergents, barbells, and motorcycle industries. These represent various commercial and industrial enterprises that require water for their operations and wastewater treatment services.
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Joseph "JT" Hand, President & Chief Executive Officer
Joseph "JT" Hand is the 22nd President and Chief Executive Officer of The York Water Company, appointed on March 1, 2020. Prior to this role, he served as the Chief Operating Officer from 2008 to 2020, where he directed the majority of the Company's operations and executed growth and quality strategies. Before joining The York Water Company, Mr. Hand served 22 years on Active Duty in the US Army, concluding his service as Deputy Commander and Deputy District Engineer for the Baltimore District, U.S. Army Corps of Engineers. He holds a Bachelor of Science in Civil Engineering from the University of Vermont and a Master's Degree in Business Administration from York College of Pennsylvania. Mr. Hand is also a Director of the National Association of Water Companies and Chair of its Pennsylvania Chapter.
Matthew "Matt" E. Poff, Chief Financial Officer & Treasurer
Matthew "Matt" E. Poff has held the position of Chief Financial Officer and Treasurer of The York Water Company since January 2018. Before becoming CFO, he served as the Company's Controller from 2009 to 2017. Prior to joining York Water, Mr. Poff was the CFO for a regional contractor and held various positions of increasing responsibility at Beard Miller Company LLP, a regional accounting firm in York, PA, for over ten years.
Alexandra "Alex" C. Chiaruttini, Chief Administrative Officer & General Counsel
Alexandra "Alex" C. Chiaruttini joined The York Water Company in 2020 as Chief Administrative Officer and General Counsel. She brought over 15 years of experience from private practice as an environmental attorney, focusing on water, wastewater, and water resource issues in the mid-Atlantic region. Ms. Chiaruttini earned a Bachelor's degree in Behavioral Neuroscience from Lehigh University, a Master of Science degree from Duquesne University, and a J.D. from The Dickinson School of Law.
Matthew J. Scarpato, Chief Operating Officer
Matthew J. Scarpato was appointed Chief Operating Officer of The York Water Company, effective October 1, 2025. He previously served as the Vice President of Operations from July 2023 to October 2025. Before joining York Water, Mr. Scarpato held roles as Vice President of Operations and Chief Financial Officer in the Senior Living industry from 2020 to 2023, and as Chief Operating Officer and Chief Financial Officer of the York Jewish Community Center from 2010 to 2020. His background also includes positions in consulting and banking.
Mark S. Snyder, Vice President of Engineering
Mark S. Snyder has been the Vice President of Engineering at The York Water Company since May 2009. His earlier roles within the Company include Engineering Manager from October 2007 to April 2009 and Engineer from December 2006 to October 2007. Before his tenure at York Water, Mr. Snyder worked as a project manager and design engineer for several consulting firms in the Mid-Atlantic region, such as Buchart Horn, RETTEW, and KCI Technologies. He is a licensed Professional Engineer in Pennsylvania and holds a Bachelor's Degree in Civil Engineering and a Master's Degree in Environmental Engineering from The Pennsylvania State University.
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The York Water Company (YORW) faces several key risks inherent to its nature as a regulated water and wastewater utility. These risks primarily revolve around the substantial capital demands for infrastructure, the regulatory environment governing rate approvals, and the impact of broader economic conditions.
- Infrastructure Investment Needs and Rising Costs: The York Water Company has significant and ongoing capital expenditure requirements to maintain, upgrade, and expand its aging water and wastewater infrastructure. This includes projects like rehabilitating dams, replacing water mains, and expanding treatment plants. Such heavy capital spending has led to consistently negative free cash flow in past years, necessitating external financing and contributing to rising debt and interest expenses. The increased operational costs associated with these investments also put pressure on the company's profitability.
- Regulatory Risks and Rate Approvals: As a regulated utility, YORW's financial performance is heavily influenced by actions from regulatory bodies, particularly the Pennsylvania Public Utility Commission (PPUC). The company's ability to recover its substantial infrastructure investment costs and achieve an allowed return on invested capital is directly dependent on timely and favorable rate approvals. Delays in regulatory decisions or unfavorable rate-setting can significantly impact revenue growth and financial stability.
- Economic Conditions and Interest Rate Sensitivity: The company's performance is sensitive to broader economic trends, including inflation and fluctuating interest rates. Rising interest rates directly increase the cost of debt, impacting profitability, especially given the company's need for external financing for capital projects. Economic downturns could also affect customer demand or their ability to pay.
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The addressable market for The York Water Company's main products and services in Pennsylvania is estimated as follows:
- Drinking Water Services: The market size for Water Supply & Irrigation Systems in Pennsylvania is projected to be $14.4 billion in 2026.
- Wastewater Services: The market size for Waste Treatment & Disposal Services in Pennsylvania is projected to be $1.5 billion in 2026.
The York Water Company provides drinking water and wastewater services to over 214,000 people across 58 municipalities within Adams, Franklin, and York Counties in south-central Pennsylvania.
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The York Water Company (YORW) is expected to drive future revenue growth over the next 2-3 years through a combination of customer expansion, infrastructure-related charges, regulated rate increases, strategic acquisitions, and ongoing capital investments.
Here are the key drivers:
- Growth in Customer Base: The company consistently identifies growth in its customer base as a primary contributor to revenue increases. For instance, operating revenues for 2025 increased, primarily driven by customer base growth. Similarly, growth in the customer base also added to revenues in 2023 and 2024.
- Distribution System Improvement Charge (DSIC): As a regulated utility, YORW leverages the Pennsylvania Public Utility Commission-allowed Distribution System Improvement Charge (DSIC) to recover costs associated with replacing aging infrastructure. This charge has been a consistent revenue driver, contributing to increased operating revenues in 2023, 2024, and 2025.
- Rate Increases: Increases in approved rates are a significant driver for revenue growth. An increase in rates effective March 1, 2023, was a primary factor in the company's increased revenues for both 2023 and 2024. Analysts also point to a pending rate case decision as a potential catalyst for future growth.
- Strategic Acquisitions: York Water actively pursues the acquisition of water and wastewater systems to expand its service territory and customer base. In 2025, the company added approximately 1,655 net water and wastewater customers, with acquisitions driving wastewater customer growth. Multiple pending acquisitions are expected to add roughly 535 more customers. The company invested in the acquisition of water and wastewater systems in 2023 and 2024.
- Capital Investments and Infrastructure Projects: Significant ongoing capital expenditures in infrastructure are fundamental to enabling customer growth and justifying future rate adjustments. The company invested $48.7 million in 2025 on infrastructure projects, including main extensions and system upgrades. York Water anticipates investing approximately $48 million annually in both 2026 and 2027 for projects such as water treatment plant construction, pipeline replacements, and main extensions, all aimed at enhancing service and meeting growing customer demand. These investments are crucial for long-term sustainable growth and the justification of future rate increases.
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Capital Allocation Decisions for The York Water Company (YORW)
Outbound Investments
- In 2026, The York Water Company acquired the wastewater collection and treatment assets serving the Chanceford Crossing community, adding approximately 280 customers.
- In 2025, the company announced an agreement to acquire the wastewater system assets within the Pine Run Retirement Community in Adams County, which would add 141 wastewater customers upon full build-out.
- In 2024, York Water invested a combined $783,000 in the acquisition of four water systems and two wastewater systems.
Capital Expenditures
- The York Water Company invested $48.7 million in capital projects in 2025, which included main extensions, enterprise software upgrades, and infrastructure replacements, such as replacing about 54,100 feet of water main and 1,800 feet of wastewater main.
- The company anticipates investing approximately $48 million in each of 2026 and 2027, excluding acquisitions, for projects like water treatment plant construction, pipeline replacements, and routine system improvements.
- In 2024, capital expenditures amounted to $48.2 million for projects including armoring and replacing the spillway of the Lake Williams dam, wastewater treatment plant construction, and replacing approximately 50,200 feet of pipe.
Peer Outperformance in Water Utilities
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| YORW | York Water | 8.8% | 20.8x | 4.7% | -4.0% | -25.1% | — |
| WTRG | Essential Utilities | 5.5% | 22.8x | 18.9% | 47.7% | 12.6% | +38pp |
| AWR | American States Water | 6.1% | 24.7x | 23.5% | 24.0% | 7.5% | +33pp |
| AWK | American Water Works | 9.0% | 26.3x | 18.0% | 30.1% | -1.0% | +24pp |
| HTO | H2O America | 7.8% | 25.2x | 36.3% | 10.3% | -1.4% | +24pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Independent Power Producers & Energy Traders | 5 | -48.1% | 86.9% | 138.4% | NRG 182% · OKLO 138% · TAC 28% |
| Multi-Utilities | 18 | 4.8% | 63.3% | 53.4% | NI 107% · PNW 106% · MDU 100% |
| Electric Utilities | 24 | 4.9% | 52.0% | 50.6% | VST 589% · ETR 163% · AEP 81% |
| Gas Utilities | 10 | 4.3% | 65.8% | 42.6% | ATO 111% · SR 79% · NJR 69% |
| Water Utilities ← | 11 | 12.7% | 10.3% | -5.3% | WTRG 13% · AWR 7% · AWK -1% |
| Renewable Electricity | 5 | -70.4% | -74.0% | -90.0% | ORA 21% · CWEN 21% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| York Water Earnings Notes | 12/16/2025 | |
| York Water Stock Jump Looks Great, But How Secure Is That Gain? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 55.22 |
| Mkt Cap | 3.4 |
| Rev LTM | 891 |
| Op Inc LTM | 226 |
| FCF LTM | -153 |
| FCF 3Y Avg | -113 |
| CFO LTM | 270 |
| CFO 3Y Avg | 262 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.1% |
| Rev Chg 3Y Avg | 8.6% |
| Rev Chg Q | 6.6% |
| QoQ Delta Rev Chg LTM | 1.7% |
| Op Inc Chg LTM | 16.0% |
| Op Inc Chg 3Y Avg | 10.9% |
| Op Mgn LTM | 33.9% |
| Op Mgn 3Y Avg | 34.0% |
| QoQ Delta Op Mgn LTM | 0.9% |
| CFO/Rev LTM | 36.1% |
| CFO/Rev 3Y Avg | 36.2% |
| FCF/Rev LTM | -19.2% |
| FCF/Rev 3Y Avg | -20.1% |
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Residential | 50 | 48 | 46 | ||
| Commercial and industrial | 22 | 22 | 20 | ||
| Fire protection | 5 | 5 | 4 | 3 | 3 |
| Rents from regulated property | 0 | 0 | 0 | 0 | 1 |
| Billing and revenue collection services | 0 | 0 | 0 | 0 | 0 |
| Collection services | 0 | 0 | 0 | 0 | 0 |
| Other revenue | 0 | 0 | 0 | 0 | 0 |
| Wastewater utility service Commercial and industrial | 1 | 0 | |||
| Wastewater utility service Residential | 4 | 2 | |||
| Water utility service Commercial and industrial | 16 | 15 | |||
| Water utility service Residential | 35 | 34 | |||
| Total | 77 | 75 | 71 | 60 | 55 |
Price Behavior
| Market Price | $32.62 | |
| Market Cap ($ Bil) | 0.5 | |
| First Trading Date | 05/03/1999 | |
| Distance from 52W High | -5.0% | |
| 50 Days | 200 Days | |
| DMA Price | $31.82 | $31.02 |
| DMA Trend | down | indeterminate |
| Distance from DMA | 2.5% | 5.1% |
| 3M | 1YR | |
| Volatility | 18.6% | 19.4% |
| Downside Capture | -24.81 | -8.77 |
| Upside Capture | -14.22 | -3.81 |
| Correlation (S&P 500) | -8.3% | -10.0% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | -0.63 | -0.24 | -0.25 | -0.32 | -0.20 | 0.07 |
| Up Beta | 4.44 | 0.40 | 0.21 | -0.36 | -0.39 | 0.04 |
| Down Beta | -1.11 | -1.21 | -0.71 | -0.36 | -0.23 | -0.10 |
| Up Capture | -43% | -26% | -15% | -13% | -5% | 3% |
| Bmk +ve Days | 12 | 18 | 28 | 62 | 130 | 427 |
| Stock +ve Days | 13 | 21 | 34 | 66 | 133 | 373 |
| Down Capture | -90% | 29% | -38% | -58% | -24% | 41% |
| Bmk -ve Days | 10 | 25 | 36 | 64 | 121 | 325 |
| Stock -ve Days | 9 | 22 | 30 | 57 | 114 | 370 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YORW | |
|---|---|---|---|---|
| YORW | 3.5% | 19.4% | 0.05 | - |
| Sector ETF (XLU) | -0.9% | 15.7% | -0.26 | 43.3% |
| Equity (SPY) | 9.5% | 13.6% | 0.40 | -9.6% |
| Gold (GLD) | 1.6% | 28.7% | 0.05 | -14.1% |
| Commodities (DBC) | 38.4% | 21.2% | 1.42 | -24.5% |
| Real Estate (VNQ) | 11.3% | 14.2% | 0.51 | 40.6% |
| Bitcoin (BTCUSD) | -27.2% | 43.6% | -0.61 | -8.6% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YORW | |
|---|---|---|---|---|
| YORW | -5.2% | 22.2% | -0.30 | - |
| Sector ETF (XLU) | 8.3% | 17.4% | 0.32 | 51.0% |
| Equity (SPY) | 11.3% | 17.3% | 0.48 | 19.2% |
| Gold (GLD) | 17.5% | 19.1% | 0.74 | 8.8% |
| Commodities (DBC) | 8.1% | 19.6% | 0.30 | -1.0% |
| Real Estate (VNQ) | 1.3% | 18.9% | -0.04 | 46.1% |
| Bitcoin (BTCUSD) | 4.0% | 51.6% | 0.26 | 7.8% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with YORW | |
|---|---|---|---|---|
| YORW | 2.5% | 29.0% | 0.13 | - |
| Sector ETF (XLU) | 9.3% | 19.3% | 0.41 | 57.6% |
| Equity (SPY) | 15.0% | 18.0% | 0.70 | 39.6% |
| Gold (GLD) | 11.9% | 16.5% | 0.59 | 8.3% |
| Commodities (DBC) | 7.5% | 18.1% | 0.33 | 7.6% |
| Real Estate (VNQ) | 5.9% | 20.7% | 0.24 | 51.5% |
| Bitcoin (BTCUSD) | 60.0% | 66.3% | 1.00 | 11.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 11/6/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 0.3% | 4.4% | 7.7% |
| 5/5/2026 | -0.3% | 1.6% | 1.7% |
| 3/3/2026 | 0.2% | -4.6% | -6.8% |
| 11/6/2025 | -1.2% | -1.0% | 0.6% |
| 8/12/2025 | -1.9% | -1.9% | -2.8% |
| 5/6/2025 | -5.4% | -8.0% | -9.4% |
| 3/4/2025 | -0.4% | 3.2% | 2.5% |
| 11/7/2024 | 0.5% | -5.1% | -7.3% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 15 |
| # Negative | 12 | 12 | 9 |
| Median Positive | 0.6% | 2.9% | 2.5% |
| Median Negative | -1.9% | -3.0% | -5.0% |
| Max Positive | 5.2% | 7.5% | 8.4% |
| Max Negative | -5.7% | -8.0% | -9.4% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/6/2026 | 0.3% | 4.4% | 7.7% |
| 5/5/2026 | -0.3% | 1.6% | 1.7% |
| 3/3/2026 | 0.2% | -4.6% | -6.8% |
| 11/6/2025 | -1.2% | -1.0% | 0.6% |
| 8/12/2025 | -1.9% | -1.9% | -2.8% |
| 5/6/2025 | -5.4% | -8.0% | -9.4% |
| 3/4/2025 | -0.4% | 3.2% | 2.5% |
| 11/7/2024 | 0.5% | -5.1% | -7.3% |
| 8/2/2024 | -5.7% | -7.1% | -6.3% |
| 5/7/2024 | 1.4% | 4.4% | -0.6% |
| 3/5/2024 | 0.6% | 1.4% | 0.1% |
| 11/3/2023 | 0.1% | -3.5% | 3.4% |
| 8/3/2023 | 0.9% | 1.6% | -0.6% |
| 5/2/2023 | 0.3% | 2.6% | 0.3% |
| 3/7/2023 | -3.8% | -1.6% | 1.4% |
| 11/3/2022 | 5.2% | 7.4% | 8.4% |
| 8/4/2022 | -2.1% | 1.0% | 0.9% |
| 5/3/2022 | 3.4% | 1.5% | 7.9% |
| 3/8/2022 | -3.2% | -4.6% | -5.0% |
| 11/5/2021 | -1.1% | -1.1% | -2.5% |
| 8/5/2021 | -0.1% | -1.4% | 6.0% |
| 5/4/2021 | -1.9% | -2.5% | 1.8% |
| 3/9/2021 | 3.7% | 7.5% | 6.5% |
| 11/6/2020 | 0.7% | 5.2% | 7.6% |
| SUMMARY STATS | |||
| # Positive | 12 | 12 | 15 |
| # Negative | 12 | 12 | 9 |
| Median Positive | 0.6% | 2.9% | 2.5% |
| Median Negative | -1.9% | -3.0% | -5.0% |
| Max Positive | 5.2% | 7.5% | 8.4% |
| Max Negative | -5.7% | -8.0% | -9.4% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/06/2026 | 10-Q |
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/03/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 11/06/2026 | 10-Q |
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/05/2026 | 10-Q |
| 12/31/2025 | 03/03/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/12/2025 | 10-Q |
| 03/31/2025 | 05/06/2025 | 10-Q |
| 12/31/2024 | 03/04/2025 | 10-K |
| 09/30/2024 | 11/07/2024 | 10-Q |
| 06/30/2024 | 08/02/2024 | 10-Q |
| 03/31/2024 | 05/07/2024 | 10-Q |
| 12/31/2023 | 03/05/2024 | 10-K |
| 09/30/2023 | 11/03/2023 | 10-Q |
| 06/30/2023 | 08/03/2023 | 10-Q |
| 03/31/2023 | 05/02/2023 | 10-Q |
| 12/31/2022 | 03/07/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/03/2022 | 10-Q |
| 12/31/2021 | 03/08/2022 | 10-K |
| 09/30/2021 | 11/05/2021 | 10-Q |
| 06/30/2021 | 08/05/2021 | 10-Q |
| 03/31/2021 | 05/04/2021 | 10-Q |
| 12/31/2020 | 03/09/2021 | 10-K |
| 09/30/2020 | 11/06/2020 | 10-Q |
| 06/30/2020 | 08/06/2020 | 10-Q |
| 03/31/2020 | 05/05/2020 | 10-Q |
| 12/31/2019 | 03/10/2020 | 10-K |
Recent Forward Guidance
Updated 11/7/2026Latest: Q3 2026 Earnings Reported 11/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | Reported | 48.00 Mil | 79.1% | Raised | Guidance: 26.80 Mil for 2026 | |||
Prior: Q2 2026 Earnings Reported 8/6/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | Reported | 26.80 Mil | -29.7% | Lowered | Guidance: 38.10 Mil for 2026 | |||
Q1 2026 Earnings Reported 5/5/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | Reported | 38.10 Mil | -20.6% | Lowered | Guidance: 48.00 Mil for 2026 | |||
Q4 2025 Earnings Reported 3/3/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Capital Expenditures | Reported | 48.00 Mil | 380.0% | Higher New | Actual: 10.00 Mil for 2025 | |||
| 2027 Capital Expenditures | Reported | 48.00 Mil | ||||||
Insider Activity
Updated 10/21/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Velazquez, David M | Direct | Buy | 10212026 | 31.07 | 1,288 | 40,000 | 40,000 | Form | |
| 2 | Brossman, Douglas S | Direct | Buy | 10212026 | 31.07 | 32 | 1,000 | 17,094 | Form | |
| 3 | Brossman, Douglas S | Direct | Buy | 9222026 | 32.99 | 30 | 1,000 | 16,957 | Form | |
| 4 | Poff, Matthew E | Chief Financial Officer | Direct | Buy | 8272026 | 34.19 | 30 | 1,026 | 325,907 | Form |
| 5 | Brossman, Douglas S | Direct | Buy | 8212026 | 33.19 | 30 | 1,000 | 16,057 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Velazquez, David M | Direct | Buy | 10212026 | 31.07 | 1,288 | 40,000 | 40,000 | Form | |
| 2 | Brossman, Douglas S | Direct | Buy | 10212026 | 31.07 | 32 | 1,000 | 17,094 | Form | |
| 3 | Brossman, Douglas S | Direct | Buy | 9222026 | 32.99 | 30 | 1,000 | 16,957 | Form | |
| 4 | Poff, Matthew E | Chief Financial Officer | Direct | Buy | 8272026 | 34.19 | 30 | 1,026 | 325,907 | Form |
| 5 | Brossman, Douglas S | Direct | Buy | 8212026 | 33.19 | 30 | 1,000 | 16,057 | Form | |
| 6 | Hand, Joseph Thomas | President & CEO | Direct | Sell | 8172026 | 33.28 | 8,000 | 266,240 | 1,175,034 | Form |
| 7 | Brossman, Douglas S | Direct | Buy | 7202026 | 30.99 | 32 | 1,000 | 14,059 | Form | |
| 8 | Snyder, Mark S | VP- Engineering | Direct | Buy | 7172026 | 29.11 | 11 | 325 | 143,492 | Form |
| 9 | Scarpato, Matthew J | Chief Operating Officer | Direct | Buy | 7172026 | 29.11 | 112 | 3,250 | 78,483 | Form |
| 10 | Poff, Matthew E | Chief Financial Officer | Direct | Buy | 7172026 | 29.11 | 4 | 130 | 276,568 | Form |
| 11 | Hand, Joseph Thomas | President & CEO | Direct | Buy | 7172026 | 29.11 | 112 | 3,250 | 1,260,491 | Form |
| 12 | Chiaruttini, Alexandra C | CAO & General Counsel | Direct | Buy | 7172026 | 29.11 | 45 | 1,300 | 172,583 | Form |
| 13 | Becker, Suzanne M | VP- Customer Service | Direct | Buy | 7172026 | 29.11 | 45 | 1,300 | 10,898 | Form |
| 14 | Hand, Joseph Thomas | President & CEO | Direct | Buy | 6222026 | 29.53 | 25 | 738 | 1,265,829 | Form |
| 15 | Yanavitch, William T II | Direct | Buy | 5202026 | 29.35 | 256 | 7,500 | 10,321 | Form | |
| 16 | Scarpato, Matthew J | Chief Operating Officer | Direct | Buy | 5082026 | 29.30 | 700 | 20,510 | 75,303 | Form |
| 17 | Poff, Matthew E | Chief Financial Officer | Direct | Buy | 4162026 | 29.13 | 4 | 120 | 241,047 | Form |
| 18 | Hand, Joseph Thomas | CEO & President | Direct | Buy | 4162026 | 29.13 | 103 | 3,000 | 1,173,231 | Form |
| 19 | Grimm, Ashley M | VP- Human Resources | Direct | Buy | 4162026 | 29.13 | 12 | 360 | 10,183 | Form |
| 20 | Becker, Suzanne M | VP- Customer Service | Direct | Buy | 4162026 | 29.13 | 41 | 1,200 | 3,472 | Form |
| 21 | Chiaruttini, Alexandra C | CAO & General Counsel | Direct | Buy | 4162026 | 29.13 | 41 | 1,200 | 144,347 | Form |
| 22 | Hand, Joseph Thomas | President & CEO | Direct | Buy | 3172026 | 31.55 | 15 | 473 | 1,258,437 | Form |
| 23 | Snyder, Mark S | VP- Engineering | Direct | Buy | 1162026 | 30.45 | 11 | 350 | 137,961 | Form |
| 24 | Scarpato, Matthew J | Chief Operating Officer | Direct | Buy | 1162026 | 30.45 | 92 | 2,800 | 29,354 | Form |
| 25 | Poff, Matthew E | Chief Financial Officer | Direct | Buy | 1162026 | 30.45 | 5 | 140 | 250,033 | Form |
| 26 | Chiaruttini, Alexandra C | CAO & General Counsel | Direct | Buy | 1162026 | 30.45 | 46 | 1,400 | 148,558 | Form |
| 27 | Becker, Suzanne M | VP- Customer Service | Direct | Buy | 1162026 | 30.45 | 46 | 1,400 | 2,357 | Form |
| 28 | Yanavitch, William T II | Direct | Buy | 12232025 | 33.72 | 44 | 1,500 | 1,500 | Form | |
| 29 | Hand, Joseph Thomas | President & CEO | Direct | Buy | 11142025 | 32.11 | 30 | 963 | 1,252,514 | Form |
| 30 | Snyder, Mark S | VP- Engineering | Direct | Buy | 10202025 | 28.83 | 11 | 325 | 129,371 | Form |
| 31 | Scarpato, Matthew J | Chief Operating Officer | Direct | Buy | 10202025 | 28.83 | 34 | 975 | 24,964 | Form |
| 32 | Poff, Matthew E | Chief Financial Officer | Direct | Buy | 10202025 | 28.83 | 5 | 130 | 234,930 | Form |
| 33 | Hand, Joseph Thomas | President & CEO | Direct | Buy | 10202025 | 28.83 | 338 | 9,750 | 1,123,897 | Form |
| 34 | Grimm, Ashley M | VP- Human Resources | Direct | Buy | 10202025 | 28.83 | 14 | 390 | 9,132 | Form |
| 35 | Chiaruttini, Alexandra C | CAO & General Counsel | Direct | Buy | 10202025 | 28.83 | 45 | 1,300 | 138,346 | Form |
| 36 | Becker, Suzanne M | VP- Customer Service | Direct | Buy | 10202025 | 28.83 | 31 | 900 | 900 | Form |
| 37 | Hand, Joseph Thomas | President & CEO | Direct | Buy | 10062025 | 30.07 | 15 | 451 | 1,153,234 | Form |
Industry Resources
| Utilities Resources |
| Data.gov Energy Infrastructure |
| Data.gov Energy Resources |
| Utility Dive |
| Water Utilities Resources |
| American Water Works Association (AWWA) |
| WaterWorld |
| Water & Wastes Digest (WWD) |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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