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) announced a quarterly dividend of $0.39 per share, payable on November 28, 2022, to shareholders of record on November 14, 2022. This results in an annualized dividend rate of $1.56 per share. Unitil provides reliable energy services across New England, serving approximately 107,700 electric and 86,600 natural gas customers.
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Unitil Corporation (NYSE: UTL) will release its third quarter 2022 earnings on November 1, 2022, before the market opens. A conference call and webcast to discuss the results will be held at 10:00 a.m. (ET) the same day. Unitil provides energy services in New England, serving approximately 107,700 electric customers and 86,600 natural gas customers. Key materials related to the earnings report will be accessible on the Company’s Investors page ahead of the call. For more details, visit unitil.com.
Unitil Corporation (NYSE: UTL) reported a Net Income of $4.9 million or $0.30 EPS for Q2 2022, up by $2.2 million from Q2 2021. For the first half, Net Income reached $26.4 million with $1.65 per share, an increase of $4.8 million year-over-year. Electric and Gas GAAP Gross Margins for Q2 were $17.9 million and $19.3 million, respectively. Revenue growth was aided by completed base rate cases in New Hampshire, although electric sales dropped 1.6% due to cooler weather.
Unitil Corporation (NYSE:UTL) has declared a quarterly dividend of $0.39 per share on its common stock, set to be paid on August 26, 2022, to shareholders recorded by August 12, 2022. This dividend reflects an effective annualized rate of $1.56 per share. Unitil serves approximately 107,700 electric customers and 86,600 natural gas customers across New England, emphasizing its commitment to providing safe and reliable energy.
Unitil Corporation (NYSE: UTL) announced its second quarter 2022 earnings release, set for August 2, 2022, before market opening. This will be followed by a conference call at 10:00 a.m. (ET) to discuss the quarterly results. Unitil delivers natural gas and electricity across New England, servicing around 107,700 electric customers and 86,600 natural gas customers. Interested investors can access the call via the Company’s Investors page, and a recording will be available for a year post-event.
Unitil Corporation (NYSE: UTL) reported a net income of $21.5 million, translating to $1.35 in EPS for Q1 2022, marking a $2.6 million increase from Q1 2021. Electric GAAP Gross Margin reached $17.9 million, while Gas GAAP Gross Margin totaled $43.5 million, up by $3.9 million year-over-year. Customer growth contributed significantly, with an increase of approximately 550 electric and 1,000 gas customers. However, operational expenses rose by $1.5 million. The company declared a quarterly dividend of $0.39 per share, maintaining a consistent dividend record.
Unitil Corporation held its Annual Meeting of Shareholders on April 27, 2022, in Hampton, New Hampshire, where shareholders elected three new board members for three-year terms. Deloitte & Touche, LLP was ratified as the independent public accountants for 2022, and an advisory vote on executive compensation received 96% approval. CEO Thomas P. Meissner, Jr. presented 2021 highlights and the outlook for economic growth and low-carbon transition strategies. Unitil serves approximately 107,700 electric and 86,600 natural gas customers in New England.
Unitil Corporation (NYSE: UTL) has declared a regular quarterly dividend of $0.39 per share, scheduled for payment on May 27, 2022. This dividend is for shareholders of record as of May 13, 2022, resulting in an effective annualized dividend rate of $1.56 per share. Unitil Corporation serves approximately 107,700 electric customers and 86,600 natural gas customers across New England.
Unitil Corporation (NYSE: UTL) will release its first quarter 2022 earnings on May 3, 2022, before the market opens. A conference call to discuss the results is scheduled for the same day at 10:30 a.m. (ET), with materials available on the Company’s Investors page. Unitil operates in New England, providing natural gas and electricity to approximately 107,700 electric customers and 86,600 natural gas customers. The Company focuses on delivering efficient energy and supporting local communities.
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