York Water Raises $41.4M in Common Stock Sale

Funds will support capital investments, debt repayment, and potential acquisitions

Apr. 17, 2026 at 1:22pm

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An extreme close-up of gleaming, heavy-duty water pipes and valves, representing the robust physical assets and financial strength of a well-established water utility company.York Water's capital raise will help fund critical infrastructure investments to maintain reliable water service for its customers.York Today

The York Water Company, a Pennsylvania-based water utility, has completed a public offering of 1,521,739 common shares at $28.50 per share, raising approximately $41.4 million in net proceeds. The company plans to use the funds for general corporate purposes, including capital investments, debt repayment, and potential acquisitions.

Why it matters

The capital raise will help York Water continue to invest in its infrastructure and pursue strategic growth opportunities, strengthening its position as a leading water utility in the region. The successful offering also demonstrates investor confidence in the company's financial stability and long-term prospects.

The details

Under the terms of the underwriting agreement, York Water granted the lead underwriter, Huntington Securities, an option to purchase up to an additional 228,261 shares within 30 days. The net proceeds from the sale of the initial 1,521,739 shares, after deducting underwriting discounts and estimated offering expenses, were approximately $41.4 million.

  • The offering was completed on April 17, 2026.
  • The underwriter has a 30-day option to purchase up to an additional 228,261 shares.

The players

The York Water Company

A Pennsylvania-based water utility that provides water and wastewater services to customers in the state.

Huntington Securities, Inc.

The lead underwriter for York Water's common stock offering.

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What they’re saying

“The net proceeds from the offering will help us continue to invest in our infrastructure and pursue strategic growth opportunities, strengthening our position as a leading water utility in the region.”

— Matthew E. Poff, Chief Financial Officer, The York Water Company

What’s next

The underwriter has a 30-day option to purchase up to an additional 228,261 shares, which could further increase the total capital raised.

The takeaway

York Water's successful common stock offering demonstrates the company's financial strength and ability to fund its growth initiatives, positioning it well to continue serving its customers and creating value for shareholders.