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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 Corporation (NYSE: UTL) has announced an increase in its quarterly dividend to $0.39 per share, raising the annualized dividend rate to $1.56. The first quarter dividend will be payable on February 25, 2022, to shareholders recorded by February 11, 2022. This decision reflects the company's confidence in sustainable growth and commitment to shareholder value, maintaining an unbroken record of dividend payments since inception.
Unitil Corporation (NYSE: UTL) will release its fourth quarter 2021 earnings on February 1, 2022, before market opening. A conference call to discuss the results is scheduled for the same day at 10:00 a.m. (ET). Investors can access the call via phone or through a live webcast available on the Company’s Investors page. Unitil operates in New England, serving approximately 107,700 electric customers and 86,600 natural gas customers, focusing on delivering reliable energy and community commitment.
Unitil Corporation (NYSE: UTL) reported breakeven Net Income and EPS for Q3 2021, down $0.3 million from Q3 2020. For the nine months ending September 30, 2021, Net Income reached $21.6 million ($1.42 per share), an increase of $3.0 million from 2020. Q3 Gas and Electric Gross Margins were $11.3 million and $18.9 million, with year-to-date margins of $67.7 million and $54.0 million, respectively. The company issued 920,000 shares, driving customer growth and margins but faced higher operational costs. Dividends were declared at $0.38 per share, maintaining a consistent payout record.
Unitil Corporation (NYSE:UTL) has declared a quarterly dividend of $0.38 per share, set to be paid on November 29, 2021, to shareholders on record by November 15, 2021. This results in an annualized dividend rate of $1.52 per share. Unitil provides natural gas and electricity across New England, serving approximately 107,100 electric and 85,600 natural gas customers.
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Unitil Corporation (NYSE: UTL) will announce its third quarter 2021 earnings on November 2, 2021, before the market opens. A conference call is scheduled for 10:00 a.m. (ET) the same day to discuss the results. The call will be available via a toll-free number and will also be accessible through a live webcast on the company's Investors page. Unitil serves approximately 107,100 electric and 85,600 natural gas customers across Maine, New Hampshire, and Massachusetts, focusing on reliable energy delivery and community involvement.
Unitil Corporation (NYSE: UTL) announced the closure of a public offering where underwriters exercised their option to purchase an additional 120,000 shares. This brings the total shares sold to 920,000 at $50.80 each, generating net proceeds of approximately $44.5 million. The funds will be used for equity capital contributions to its utility subsidiaries, debt repayment, and general corporate purposes. RBC Capital Markets and BofA Securities managed the offering, which follows an effective shelf registration statement filed with the SEC.
Unitil Corporation (NYSE: UTL) announced the closing of a public offering of 800,000 shares at $50.80 each, generating approximately $38.6 million for equity contributions to utility subsidiaries, debt repayment, and corporate purposes. An additional 120,000 shares may be purchased by underwriters. This offering was executed under an effective shelf registration statement. RBC Capital Markets and BofA Securities acted as joint managers.
Unitil Corporation (NYSE: UTL) announced the pricing of a public offering of 800,000 shares of common stock at $50.80 per share. There is an additional 30-day option for underwriters to purchase 120,000 shares. Proceeds will be utilized for equity capital contributions to regulated subsidiaries, debt repayment, and general corporate purposes. The closing is expected on August 6, 2021. RBC Capital Markets and BofA Securities are handling the offering.
Unitil Corporation (NYSE: UTL) announced a public offering of 800,000 newly issued shares of its common stock, with an additional 120,000 shares available through underwriters. The proceeds, expected to be significant, will be utilized for equity capital contributions to regulated utility subsidiaries, debt repayment, and general corporate purposes. RBC Capital Markets and BofA Securities are lead managers of the offering. The registration statement became effective on August 3, 2021.