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Unitil Corporation reports developments tied to its regulated electric and natural gas utility operations in New England. The company is a public utility holding company with operating utilities in Maine, New Hampshire and Massachusetts, with service activities organized around electric distribution, natural gas distribution and related gas transmission operations.
Recurring news includes quarterly and annual earnings, rate and customer-growth effects on electric and gas margins, common stock dividend declarations, shareholder meeting results, board elections and updates on strategic utility acquisitions. Company updates also address system reliability investment, regulatory revenue items, non-GAAP adjustments for transaction costs and integration of acquired gas and water utility businesses.
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.
Unitil (NYSE: UTL) has announced the schedule for its second quarter 2024 earnings release and conference call. The earnings will be released before the market opens on August 6, 2024, followed by a conference call and webcast at 2:00 p.m. (ET) on the same day. 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 in New England.
Unitil (NYSE: UTL) announced plans to acquire Bangor Natural Gas Company from Hope Utilities' subsidiary, PHC Utilities, for $70.9 million on a debt-free basis. The acquisition, which values Bangor at 1.2 times its rate base as of December 31, 2023, will make Bangor a wholly-owned subsidiary of Unitil upon completion. The transaction is expected to close by the end of Q1 2025, pending approval from the Maine Public Utilities Commission and other conditions.
Unitil plans to finance the purchase with a balanced mix of equity and debt, having secured committed debt financing from Scotiabank. Bangor, operational since 1998, serves approximately 8,500 customers with 351 miles of distribution pipelines and nine miles of transmission pipelines. The acquisition aims to enhance Unitil's natural gas distribution operations in Maine.
Unitil reported a Net Income of $27.2 million, or $1.69 EPS, for the first quarter of 2024, showing an increase of $3.1 million in Net Income compared to the same period in 2023. The Electric and Gas GAAP Gross Margins were $20.1 million and $50.2 million, respectively. The company's successful performance was attributed to the response to winter storms, progress on regulatory initiatives, and disciplined cost management.
Unitil held its Annual Meeting of Shareholders, electing new Directors and approving key decisions. Thomas P. Meissner, Jr., presented highlights from 2023, focusing on a transition to a clean energy future. Shareholders also approved the Company's Third Amended and Restated Stock Plan and Deloitte & Touche, LLP as independent registered public accountants for 2024.
Unitil (NYSE:UTL) declared a regular quarterly dividend of $0.425 per share on its common stock, payable on May 31, 2024, to shareholders of record on May 16, 2024. This results in an annualized dividend rate of $1.70 per share. Unitil is a public utility company providing electricity and natural gas in New England.