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 declared a quarterly dividend of $0.375 per share, set to be paid on August 28, 2020, to shareholders of record by August 14, 2020. This results in an effective annualized dividend rate of $1.50 per share. Unitil provides energy solutions across New England, serving approximately 106,100 electric and 83,900 natural gas customers, demonstrating its commitment to reliable energy delivery.
Unitil Corporation (NYSE: UTL) will release its second quarter 2020 earnings on July 30, 2020, before market opening. A conference call to discuss the results is scheduled for the same day at 2:00 p.m. (ET). Investors can access the live broadcast on Unitil's Investor Relations page with archived materials available for one year. Unitil provides reliable natural gas and electricity in New England, serving approximately 106,100 electric and 83,900 natural gas customers.
Unitil Corporation (NYSE:UTL) announced the hiring of Robert B. Hevert as Senior Vice President, effective July 23, 2020. He is expected to be appointed CFO and Treasurer at the Board's meeting on July 29, 2020. Hevert has a strong background in the energy and utility sectors, previously holding senior roles at ScottMadden, Sussex Economic Advisors, and Concentric Energy Advisors. Current interim CFO Laurence M. Brock will step down but remain as Senior Vice President to assist with the transition.
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