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.
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Unitil Corporation (NYSE:UTL) announced the election of Anne L. Alonzo to its Board of Directors during the 2023 Annual Meeting of Shareholders. Alonzo, who will serve a two-year term, has an extensive background in sustainability and regulatory affairs, having previously been a C-Suite executive at Corteva Agriscience and a leader at the American Egg Board. Her expertise in environmental sustainability, public policy, and ESG (Environmental, Social, Governance) is expected to enhance the board's capabilities. Unitil operates in New England, servicing approximately 108,100 electric customers and 87,500 natural gas customers. The leadership change aims to strengthen the company's focus on delivering reliable energy while addressing sustainability challenges.
On April 26, 2023, Unitil Corporation (NYSE: UTL) conducted its Annual Meeting of Shareholders in Hampton, New Hampshire. Key outcomes included the re-election of four directors for three-year terms and one director for a two-year term. Shareholders ratified Deloitte & Touche, LLP as independent accountants for 2023, with 97% approval for the advisory vote on executive compensation, set to occur annually. Chairman Thomas P. Meissner, Jr. discussed 2022 highlights and the Clean Energy Transition strategy aimed at sustainable value. Unitil serves approximately 108,100 electric and 87,500 natural gas customers across New England.
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