Welcome to our dedicated page for Unitil news (Ticker: UTL), a resource for investors and traders seeking the latest updates and insights on Unitil stock.
Unitil Corporation (NYSE: UTL) is a public utility holding company that distributes electricity and natural gas in New England, with operations in Maine, New Hampshire and Massachusetts. The news flow around Unitil frequently centers on its regulated utility performance, financial results, capital raising activities and utility acquisitions that expand its customer base and infrastructure.
On this page, readers can follow Unitil’s announcements about quarterly and year-to-date earnings, including discussions of GAAP Net Income, Adjusted Net Income and Electric and Gas Adjusted Gross Margins. These releases often explain how factors such as rate changes, customer growth, depreciation and amortization, and seasonal natural gas usage affect the company’s results. Unitil also uses news releases to describe how acquisition-related transaction costs tied to Bangor Natural Gas Company, Maine Natural Gas Company and the Aquarion Companies are treated in its non-GAAP metrics.
Investors and observers can also track Unitil’s corporate actions, such as common stock offerings under its shelf registration statement, credit agreements used to finance utility acquisitions, and long-term note issuances at subsidiaries like Bangor Natural Gas Company. Regular dividend declarations on UTL common stock, along with information on the company’s long-standing record of quarterly dividend payments, are another recurring theme in its news.
In addition, Unitil news items cover the timing of earnings releases and conference calls, as well as updates on completed acquisitions, including the purchase of Maine Natural Gas Company. By reviewing this news feed, users can monitor how Unitil manages its regulated electric and gas distribution businesses, finances growth, and reports on key developments affecting its New England operations.
Unitil Corporation (NYSE: UTL) has announced the release of its first quarter 2021 earnings on May 4, 2021, prior to market opening. Subsequently, a conference call will be held at 2:00 p.m. (ET) the same day to discuss the quarterly results. The call will be accessible via the Company’s Investors page, where related materials will also be available. Unitil, which operates in New England, serves approximately 107,100 electric and 85,600 natural gas customers, focusing on safe and reliable energy delivery.
Unitil Corporation (NYSE: UTL) announced a base rate case filing with the New Hampshire Public Utilities Commission for its electric distribution utility, Unitil Energy Systems, Inc. The proposal seeks a $11.99 million increase (4.4%) in base rates, potentially raising residential bills by $9.87 per month (8.2%) for an average usage of 600 kWh. The filing includes initiatives for modernizing the electric grid, EV infrastructure, and customer support programs. The review process may last up to a year, following the last rate case filed in 2016.
Unitil Corporation (NYSE:UTL) announced the retirement of Senior Vice President Laurence M. Brock, effective July 1, 2021, after 40 years in the industry. Mr. Brock emphasized his gratitude for Unitil’s dedicated employees during his 26-year tenure. He played crucial roles, including Chief Financial Officer and Treasurer. Unitil, which delivers natural gas and electricity in New England, serves approximately 107,100 electric customers and 85,600 natural gas customers. The company is committed to efficient energy delivery and community involvement.
Unitil Corporation (NYSE: UTL) announced a quarterly dividend increase to $0.38 per share, raising the annualized dividend rate to $1.52. The first quarter dividend is payable on February 26, 2021, to shareholders of record as of February 12, 2021. This marks an unbroken record of quarterly dividend payments since the company's inception and reflects confidence in future growth, according to CEO Thomas P. Meissner, Jr.
Unitil Corporation (NYSE: UTL) has announced the release date for its fourth quarter 2020 earnings, set for February 2, 2021, before market opening. Following this, a conference call will be held at 2:00 p.m. (ET) to discuss the results. Interested parties can access the call via a toll-free number and the event will be available for replay afterwards. Unitil operates in New England, serving approximately 107,100 electric and 85,600 natural gas customers, focusing on reliable energy delivery and community involvement.
Unitil Corporation (NYSE: UTL) reported a Net Income of $0.3 million, or $0.02 EPS, for Q3 2020, down $2.0 million from Q3 2019 due to lower sales margins and increased operating costs. For the nine months ending September 30, 2020, Net Income reached $18.6 million, a decline of $14.2 million year-over-year. Factors impacting earnings included warmer winter weather and the economic slowdown from the COVID-19 pandemic. Total gas and electric gross margins decreased, while sales to residential customers rose due to pandemic-related stay-at-home orders, reflecting customer growth.
Unitil Corporation (NYSE: UTL) declared a quarterly dividend of $0.375 per share, payable on November 30, 2020, to shareholders of record on November 16, 2020. This results in an annualized dividend rate of $1.50 per share. Unitil provides energy services across New England, serving approximately 106,100 electric and 83,900 natural gas customers, focusing on reliable energy delivery and community commitment.
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Unitil Corporation (NYSE: UTL) announced its upcoming third quarter 2020 earnings release scheduled for October 29, 2020, before market opens. A conference call will take place the same day at 2:00 p.m. (ET) to discuss the results. Interested parties can participate via a toll-free call or through a live webcast on the Company’s Investors page. Unitil serves approximately 106,100 electric and 83,900 natural gas customers in New England, emphasizing commitment to reliable energy delivery and community service.
Unitil Corporation (NYSE: UTL) reported a net income of $3.1 million, or $0.21 EPS, for Q2 2020, down from $4.0 million, or $0.27 EPS, in Q2 2019. For the first half of 2020, net income was $18.3 million, or $1.23 EPS, a decrease from $30.5 million, or $2.05 EPS, in 2019. This drop is attributed to lower gas sales margins, warmer weather impacting sales, and economic slowdowns due to COVID-19. Gas and Electric Gross Margins totaled $15.5 million and $16.5 million for Q2, with operational expenses reduced by $1.3 million. The company declared a quarterly dividend of $0.375 per share.