EXHIBIT 99.1


News Release
 
 
   The York Water Company
   
   130 East Market Street
Contact:
Jeffrey R. Hines, President
   York, PA  17401
Or
     jeffh@yorkwater.com
 
 
 
Kathleen M. Miller, Chief Financial Officer
 
     kathym@yorkwater.com
Phone:
717-845-3601
   FOR IMMEDIATE RELEASE
     

 
YORK WATER COMPANY REPORTS THREE MONTHS EARNINGS


York, Pennsylvania, May 2, 2017:
  The York Water Company's (NASDAQ:YORW) President, Jeffrey R. Hines, announced today the Company's financial results for the first quarter of 2017.

President Hines reported that first quarter operating revenues of $11,290,000 increased $12,000, and net income of $2,581,000 increased $95,000 compared to the first quarter of 2016.  Increased revenues were due to growth in the number of both water and wastewater customers due primarily to recent acquisitions.  A decrease in per capita consumption reduced the impact of the new customers.  Having a larger impact on net income than increased revenue, lower income taxes due to higher maintenance and repair deductions offset increased operating expenses.  Earnings per share for the three-month period were $0.01 higher than the same period in 2016.

During the first three months of 2017, the Company invested $6.4 million in construction expenditures for an additional raw water pumping station and force main, as well as various replacements and improvements to infrastructure.  In addition, the Company invested $511,000 in the acquisition of water and wastewater systems.  The Company estimates it will invest an additional $16.4 million in 2017, excluding acquisitions, for expansion and improvements to its pipes, completion of the additional pumping station and force main, and various replacements and upgrades to other infrastructure to ensure a safe, adequate, and reliable supply of drinking water and to maintain proper handling and disposal of wastewater for the Company's growing customer base.


   
Three Months Ended
March 31
In 000's (except per share)
 
   
2017
   
2016
 
Operating Revenues
 
$
11,290
   
$
11,278
 
Net Income
 
$
2,581
   
$
2,486
 
Average Number of Common Shares Outstanding
   
12,852
     
12,821
 
Basic and Diluted Earnings per Common Share
 
$
0.20
   
$
0.19
 
Dividends Declared Per Common Share
 
$
0.1602
   
$
0.1555
 



This news release may contain forward-looking statements regarding the Company's operational and financial expectations. These statements are based on currently available information and are subject to risks, uncertainties, and other events which could cause the Company's actual results to be materially different from the results described in this statement. The Company undertakes no duty to update any forward-looking statement.

###

The following information was filed by York Water Co (YORW) on Tuesday, May 2, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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