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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.
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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.
Unitil Corporation (NYSE: UTL) reported a net income of $36.1 million or $2.35 EPS for 2021, marking a $3.9 million increase from the previous year. The Electric GAAP Gross Margin was $71.5 million, influenced by customer growth and higher rates. Gas GAAP Gross Margin rose to $100.5 million, with a 7.7 million increase driven by similar factors. The company declared a quarterly dividend of $0.39 per share, raising the annual rate to $1.56. Unitil aims for sustainable long-term value as it focuses on customer service and strategic execution.