In its latest quarterly filing ending March 31, 2026, York Water Co reported an 8.8% increase in operating revenues driven primarily by a PPUC-approved rate hike effective March 1, 2026, coupled with growth in both water and wastewater customer bases through organic expansion and recent acquisitions [S2][S21]. The company closed an underwritten equity offering in April 2026 raising net proceeds of $47.7 million to repay short-term borrowings and finance capital projects [S2][S3]. York Water maintains a regulated franchise model over a sizeable Pennsylvania territory with diversified water sources including reservoirs fed by the Codorus Creek and a Susquehanna River pipeline, supporting stable supply but subject to weather variability [S1]. Growth drivers center on regulatory rate approvals, incremental volume from customer additions, acquisitions, and seasonal demand fluctuations tied to weather patterns. Key risks remain regulatory timing, consumption variability during drought or wet conditions, and escalating infrastructure investment needs [S1][S2]. The company continues to invest selectively while maintaining strong credit metrics upheld by an A- rating from S&P [S2].