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 (UTL) provides essential electricity and natural gas services to New England communities through regulated utility operations. This news hub offers investors and stakeholders timely updates on corporate developments, financial disclosures, and operational milestones.
Access authoritative information on earnings announcements, regulatory filings, infrastructure investments, and strategic initiatives. Our curated collection ensures efficient tracking of key events affecting Unitil's electric and gas distribution segments across Maine, New Hampshire, and Massachusetts.
Discover updates spanning rate case decisions, system modernization projects, weather-related preparedness efforts, and community partnership programs. Content is organized chronologically and verified for relevance to long-term operational performance in the utility sector.
Bookmark this page for streamlined monitoring of Unitil's compliance updates, dividend declarations, and leadership communications. Check regularly for new filings and press releases directly affecting service reliability and regulatory standing in Northeast energy markets.
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.
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