文章核心观点 - 长期持有优质股票,尤其是稳定派息的股票,可以获得较高的投资回报 [4][5][6] - 水公用事业公司约克水务(York Water)是一家鲜为人知但极其稳定的派息股 [15][16] - 约克水务自1816年成立以来一直保持连续派息,这一纪录远超可口可乐和强生等知名公司 [18] 约克水务公司概况 - 约克水务是一家市值5.48亿美元的水和污水处理公用事业公司,服务于宾夕法尼亚州中南部56个城市 [16] - 公司业务稳定,每年的运营现金流都很可预测 [19][20] - 公司是一家受监管的水务公用事业公司,需要获得州公用事业委员会的批准才能调整客户价格 [21][22] - 公司通过收购不断扩大业务规模,维持了持续派息的纪录 [24] 公司财务表现 - 公司2022年收入同比增长18% [22] - 尽管公司股息收益率只有2.2%,但其股价在过去20年里上涨了573% [25]

York Water (YORW) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this purifying and distribution company would post earnings of $0.29 per share when it actually produced earnings of $0.30, delivering a surprise of 3.45%.Over the last four ...

财务业绩信息 - 公司2024年第二季度和前六个月的财务业绩[11] - 公司发布了2024年第二季度和前六个月的财务业绩[11] - 公司的财务业绩信息已通过新闻稿的方式公布[11] - 公司的财务业绩信息不会被视为"已提交"的目的[11] - 公司的财务业绩信息也不会被纳入公司根据证券法提交的任何文件中[11]

财务表现 - 公司第二季度净收入为4,993千美元，同比下降23.5%[108] - 第二季度营业收入为18,750千美元，同比下降0.1%，主要原因是人均用水量下降2.8%，但客户数量增加抵消了部分影响[109] - 第二季度营业费用增加14.0%至11,688千美元，主要是由于维修费、坏账准备、折旧和摊销、工资福利等费用上升[110] - 第二季度利息费用增加30.1%至2,183千美元，主要是由于长期债务增加和利率上升[111] - 第二季度其他退休福利成本下降675千美元[113] - 前六个月净收入为9,320千美元，同比下降8.4%，主要是由于营业费用和利息费用上升[117] - 前六个月营业收入增加6.5%至36,378千美元，主要是由于2023年3月1日生效的费率上调[118] - 前六个月营业费用增加14.2%至23,101千美元，主要是由于维修费、折旧和摊销、工资福利等费用上升[119] - 前六个月利息费用增加34.9%至4,306千美元，主要是由于长期债务增加和利率上升[120] 未来展望 - 公司预计2024年剩余时间内营业收入将略有增加，但营业费用和利息费用将继续上升[118,119,120] - 公司预计2024年下半年完成4项收购,分别为约230个污水客户、150个水客户、15个水客户和100个水客户[128][129][130][131] - 这些收购预计对公司业绩影响较小,公司正在寻求其他大宗水合同和收购以抵消人均用水量下降并增长业务[132] - 2024年上半年公司投资20,867美元用于基础设施建设,主要包括加固和更换湖泊水坝、污水处理厂建设等[134] - 2024年剩余时间公司预计资本支出约21,300美元,主要用于常规管网项目、水坝加固和污水处理厂建设等[136] - 公司预计将主要使用内部资金和部分客户垫款等为2024年和2025年的资本支出和收购提供资金[136][137] 财务管理 - 2024年6月30日公司有1,461美元的信用额度借款和2,154美元的现金透支,现金管理机制可为公司提供必要的流动性和资金[137] - 公司预计将继续利用加速折旧等税收优惠政策,从而降低有效税率和税收支出[147][148] - 公司已采取措施管理信用额度风险,包括建立2年期可续期的承诺信用额度[143] - 公司维持A-的信用评级,评级展望稳定,这依赖于及时的费率调整、资本结构平衡和充足的现金流[151]

YORK, Pa., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the second quarter and the first six months of 2024. President Hand reported that second quarter operating revenues of $18,750,000 decreased $17,000 and net income of $4,993,000 decreased $1,531,000 compared to the second quarter of 2023. Basic and Diluted Earnings per share of $0.35 for the three-month period decreased $0.10 compared to the same period last y ...

YORK, Pa., Aug. 02, 2024 (GLOBE NEWSWIRE) -- The York Water Company's (NASDAQ:YORW) President, JT Hand, announced the Company's financial results for the second quarter and the first six months of 2024. President Hand reported that second quarter operating revenues of $18,750,000 decreased $17,000 and net income of $4,993,000 decreased $1,531,000 compared to the second quarter of 2023. Basic and Diluted Earnings per share of $0.35 for the three-month period decreased $0.10 compared to the same period last y ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report: May 7, 2024 (Date of earliest event reported) THE YORK WATER COMPANY (Exact name of registrant as specified in its c harter) Pennsylvania 001-34245 23-1242500 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 130 East Market Street, York, Pennsylvania 17401 (Address of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUART ERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34245 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 23-12425 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUA L REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission file number 001-34245 THE YORK WATER COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 23-1242500 (S ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report: March 5, 2024 (Date of earliest event reported) THE YORK WATER COMPANY (Exact name of registrant as specified in its c harter) Pennsylvania 001-34245 23-1242500 (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 130 East Market Street, York, Pennsylvania 17401 (Address o ...