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) reported Q2 2025 earnings with Net Income of $4.0 million, or $0.25 EPS, down $0.3 million from Q2 2024. The company's Adjusted Net Income was $4.7 million ($0.29 EPS), showing a $0.4 million increase year-over-year.
For the first half of 2025, Unitil achieved Net Income of $31.5 million ($1.94 EPS) and Adjusted Net Income of $33.1 million ($2.03 EPS). Key operational highlights include increased Gas GAAP Gross Margin of $23.2 million (up $2.7 million) and Electric GAAP Gross Margin of $18.0 million (up $0.2 million) in Q2 2025.
The company maintained its quarterly dividend at $0.45 per share, representing an annualized rate of $1.80 per share.
Unitil Corporation (NYSE:UTL) has announced its regular quarterly dividend of $0.45 per share, payable on August 28, 2025, to shareholders of record as of August 14, 2025. This quarterly distribution represents an effective annualized dividend rate of $1.80 per share.
Unitil operates as a public utility holding company providing electricity and natural gas services across New England, serving approximately 109,400 electric customers and 97,600 natural gas customers through its operations in Maine, New Hampshire, and Massachusetts.
Unitil Corporation (NYSE: UTL) has announced its schedule for second quarter 2025 earnings release and conference call. The company will release its Q2 2025 earnings after market close on August 4, 2025, followed by a conference call and webcast on August 5, 2025 at 2:00 p.m. ET.
Unitil, a public utility holding company operating in Maine, New Hampshire and Massachusetts, serves approximately 109,400 electric customers and 97,600 natural gas customers. Presentation materials will be available on the company's Investors page prior to the call, and an archive of the webcast will be accessible for one year.
- Total Electric kWh Sales increased 6.9% to 438.2 million
- Gas Therm Sales grew 26.1% to 113.1 million
- Operation & Maintenance expenses rose $4.4 million
- Quarterly dividend declared at $0.45 per share
Unitil Corporation (NYSE:UTL) successfully conducted its Annual Meeting of Shareholders at their Hampton, New Hampshire headquarters. The meeting resulted in several key decisions, including the election of four directors - Anne L. Alonzo, Katherine Kountze, Jane Lewis-Raymond, and David A. Whiteley - each for three-year terms.
Shareholders approved two significant measures: the selection of Deloitte & Touche as independent auditors for 2025, and the "say on pay" executive compensation advisory vote, which received 91% approval. CEO Thomas P. Meissner Jr. presented the company's 2024 highlights and outlined strategies for clean energy transition.
Unitil serves approximately 109,400 electric customers and 97,600 natural gas customers across Maine, New Hampshire, and Massachusetts. The company maintains its commitment to community service, developing innovative technologies, and delivering efficient energy solutions throughout New England.
Unitil Corporation (NYSE:UTL) has announced its latest quarterly dividend payment. The company's Board of Directors has declared a regular quarterly dividend of $0.45 per share, which will be paid on May 30, 2025, to shareholders of record as of May 15, 2025. This quarterly distribution translates to an effective annualized dividend rate of $1.80 per share.
Unitil serves as a public utility holding company operating across New England, with operations in Maine, New Hampshire, and Massachusetts. The company's core business involves the safe and reliable delivery of electricity and natural gas to its customer base, which includes approximately 109,400 electric customers and 97,600 natural gas customers. Unitil emphasizes its commitment to community service, employee development, and technological advancement in energy delivery efficiency.
Unitil (NYSE: UTL) has announced it will release its first quarter 2025 earnings report after market close on May 6, 2025. The company will host a conference call and webcast to discuss quarterly results on May 7, 2025 at 2:00 p.m. ET.
Presentation materials will be available on the company's Investors page prior to the call. The conference call will be broadcast live in listen-only mode through investors.unitil.com, with a one-year archive available.
Unitil operates as a public utility holding company in Maine, New Hampshire, and Massachusetts, serving approximately 109,400 electric customers and 97,600 natural gas customers across New England.
Unitil (NYSE: UTL) has announced a definitive agreement to acquire Maine Natural Gas Company from Avangrid Enterprises for $86.0 million on a debt-free basis. The transaction, expected to close by end of 2025, is subject to Maine Public Utilities Commission approval.
Maine Natural serves approximately 6,300 residential and commercial customers across nine communities in Greater Portland and Augusta, with 230 miles of distribution mains. The company has an estimated rate base of $69.0 million as of December 31, 2024, and achieved 4.4% annual customer growth over the past five years.
This acquisition, combined with Unitil's recent Bangor Natural Gas Company purchase, will expand their service coverage to over 40% of Maine's total population. The transaction is expected to support Unitil's long-term earnings per share growth of 5% to 7%. Scotiabank is providing committed debt financing and advisory services for the purchase.
Unitil (NYSE: UTL) reported strong financial results for 2024, with GAAP Net Income reaching $47.1 million ($2.93 EPS), up $1.9 million from 2023. Adjusted Net Income was $47.8 million ($2.97 EPS), showing a $2.6 million increase year-over-year.
The company's performance was driven by higher rates and continued customer growth. Electric Adjusted Gross Margin increased by $3.2 million to $107.3 million, while Gas Adjusted Gross Margin rose by $12.4 million to $166.9 million. Operating expenses saw increases across various categories, including O&M ($2.0 million), Depreciation and Amortization ($8.7 million), and Taxes ($1.4 million).
The Board of Directors increased the quarterly dividend to $0.45 per share, raising the effective annualized dividend rate to $1.80 from $1.70. The company also completed its acquisition of Bangor Natural Gas Company, expanding its customer base to serve approximately 109,400 electric and 97,600 natural gas customers.
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