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 (NYSE:UTL) has completed the acquisition of Bangor Natural Gas Company from PHC Utilities, Inc. for $70.9 million, plus approximately $0.3 million for estimated working capital. The acquisition, first announced on July 8, 2024, has received all necessary approvals from the Maine Public Utilities Commission.
Bangor Natural Gas Company, operational since 1998, adds approximately 8,500 customers, 351 miles of distribution pipelines, and nine miles of transmission pipelines to Unitil's system. With this acquisition, Unitil now serves approximately 207,000 customers across Maine, New Hampshire, and Massachusetts, comprising 109,400 electric customers and 97,600 natural gas customers.
Unitil (NYSE:UTL) has announced an increase in its quarterly dividend on common stock to $0.45 per share, representing a $0.025 per share increase. This action raises the company's annualized dividend by $0.10 to $1.80 per share.
The Board declared the first quarter common stock dividend of $0.45 per share, payable on February 28, 2025, to shareholders of record on February 13, 2025. Unitil operates as a public utility holding company in Maine, New Hampshire, and Massachusetts, serving approximately 109,400 electric customers and 89,100 natural gas customers.
Unitil (NYSE: UTL) has announced it will release its fourth quarter 2024 earnings report after market close on February 10, 2025. The company will host a conference call and webcast to discuss the results on February 11, 2025 at 10:00 a.m. ET.
Presentation materials will be available before the call on the company's Investors page. The conference call will be broadcast live in listen-only mode, with dial-in information available through registration. An archive of the webcast will be accessible for one year on the company's investor website.
Unitil serves approximately 109,400 electric customers and 89,100 natural gas customers across Maine, New Hampshire, and Massachusetts, providing energy services through its operating utilities.
Unitil (NYSE: UTL) reported Q3 2024 GAAP Net Income of $11 thousand ($0.00 EPS), down $1.4 million from Q3 2023. For the first nine months of 2024, Net Income was $31.5 million ($1.96 EPS), up $1.8 million year-over-year. The company's Adjusted Net Income for Q3 2024 was $0.4 million ($0.02 EPS), while the nine-month adjusted figure reached $32.1 million ($2.00 EPS). Higher rates and customer growth drove earnings improvements in the first nine months, despite increased operational costs and depreciation expenses.
Unitil (NYSE:UTL) has elected Jane Lewis-Raymond to its Board of Directors as part of normal succession planning ahead of upcoming retirements of directors reaching the mandatory retirement age of 75. Lewis-Raymond, currently principal of Hilltop Strategies, brings extensive experience as a natural gas utility executive with expertise in corporate governance, cybersecurity, and ESG programs. Her background includes roles as senior VP at Piedmont Natural Gas Company and VP of regulatory affairs at American Gas Association. She will stand for election by shareholders at the April 2025 annual meeting.
Unitil (NYSE:UTL) has declared its regular quarterly dividend of $0.425 per share, payable on November 29, 2024, to shareholders of record as of November 14, 2024. This quarterly payout establishes an effective annualized dividend rate of $1.70 per share. Unitil, a public utility holding company operating in Maine, New Hampshire and Massachusetts, serves approximately 108,500 electric customers and 88,400 natural gas customers across New England.
Unitil (NYSE:UTL) has released its 2024 Corporate Sustainability and Responsibility Report, showcasing the company's 2023 achievements and ongoing 2024 initiatives. The report focuses on five key areas: carbon reduction and environmental stewardship, operational safety and reliability, employee development and safety, advancement of diversity, equity and inclusion, and customer satisfaction and engagement.
The web-based, interactive report aligns with SASB reporting standards and includes industry-specific metrics following American Gas Association and Edison Electric Institute templates. Unitil serves approximately 108,500 electric customers and 88,400 natural gas customers across Maine, New Hampshire, and Massachusetts, demonstrating its commitment to providing dependable and efficient energy services while supporting community development.
Unitil (NYSE: UTL) has announced the schedule for its third quarter 2024 earnings release and conference call. The earnings will be released after the market closes on November 4, 2024, followed by a conference call and webcast on November 5, 2024, at 10:00 a.m. (ET). Presentation materials will be available on the company's Investors page before the call.
The conference call will be broadcast live in listen-only mode on Unitil's Investors page. Interested parties can access dial information by registering via a provided web link. An archive of the webcast will be available for one year on the company's website.
Unitil is a public utility holding company operating in Maine, New Hampshire, and Massachusetts, serving approximately 108,500 electric customers and 88,400 natural gas customers.
Unitil (NYSE: UTL) reported Net Income of $4.3 million, or $0.27 EPS for Q2 2024, up $0.1 million or $0.02 EPS from Q2 2023. For H1 2024, Net Income was $31.5 million, or $1.96 EPS, an increase of $3.2 million or $0.20 EPS year-over-year. Q2 2024 Electric and Gas GAAP Gross Margins were $17.8 million and $20.5 million respectively. The company's planned acquisition of Bangor Natural Gas and successful rate cases in Massachusetts reflect its commitment to long-term growth. Unitil serves approximately 108,500 electric and 88,400 natural gas customers in New England.
Unitil (NYSE:UTL) has announced a quarterly dividend of $0.425 per share on its common stock. The dividend is payable on August 29, 2024, to shareholders of record as of August 15, 2024. This quarterly dividend translates to an effective annualized dividend rate of $1.70 per share.
Unitil is a public utility holding company operating in Maine, New Hampshire, and Massachusetts. The company provides electricity and natural gas services to approximately 108,500 electric customers and 88,400 natural gas customers across New England. Unitil emphasizes safe and reliable energy delivery, community involvement, and the development of efficient technologies and business practices.
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