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 Corporation (NYSE: UTL) announced a base rate case filing with the New Hampshire Public Utilities Commission for its electric distribution utility, Unitil Energy Systems, Inc. The proposal seeks a $11.99 million increase (4.4%) in base rates, potentially raising residential bills by $9.87 per month (8.2%) for an average usage of 600 kWh. The filing includes initiatives for modernizing the electric grid, EV infrastructure, and customer support programs. The review process may last up to a year, following the last rate case filed in 2016.
Unitil Corporation (NYSE:UTL) announced the retirement of Senior Vice President Laurence M. Brock, effective July 1, 2021, after 40 years in the industry. Mr. Brock emphasized his gratitude for Unitil’s dedicated employees during his 26-year tenure. He played crucial roles, including Chief Financial Officer and Treasurer. Unitil, which delivers natural gas and electricity in New England, serves approximately 107,100 electric customers and 85,600 natural gas customers. The company is committed to efficient energy delivery and community involvement.
Unitil Corporation (NYSE: UTL) announced a quarterly dividend increase to $0.38 per share, raising the annualized dividend rate to $1.52. The first quarter dividend is payable on February 26, 2021, to shareholders of record as of February 12, 2021. This marks an unbroken record of quarterly dividend payments since the company's inception and reflects confidence in future growth, according to CEO Thomas P. Meissner, Jr.
Unitil Corporation (NYSE: UTL) has announced the release date for its fourth quarter 2020 earnings, set for February 2, 2021, before market opening. Following this, a conference call will be held at 2:00 p.m. (ET) to discuss the results. Interested parties can access the call via a toll-free number and the event will be available for replay afterwards. Unitil operates in New England, serving approximately 107,100 electric and 85,600 natural gas customers, focusing on reliable energy delivery and community involvement.
Unitil Corporation (NYSE: UTL) reported a Net Income of $0.3 million, or $0.02 EPS, for Q3 2020, down $2.0 million from Q3 2019 due to lower sales margins and increased operating costs. For the nine months ending September 30, 2020, Net Income reached $18.6 million, a decline of $14.2 million year-over-year. Factors impacting earnings included warmer winter weather and the economic slowdown from the COVID-19 pandemic. Total gas and electric gross margins decreased, while sales to residential customers rose due to pandemic-related stay-at-home orders, reflecting customer growth.
Unitil Corporation (NYSE: UTL) declared a quarterly dividend of $0.375 per share, payable on November 30, 2020, to shareholders of record on November 16, 2020. This results in an annualized dividend rate of $1.50 per share. Unitil provides energy services across New England, serving approximately 106,100 electric and 83,900 natural gas customers, focusing on reliable energy delivery and community commitment.
Unitil Corporation (NYSE: UTL) announced its upcoming third quarter 2020 earnings release scheduled for October 29, 2020, before market opens. A conference call will take place the same day at 2:00 p.m. (ET) to discuss the results. Interested parties can participate via a toll-free call or through a live webcast on the Company’s Investors page. Unitil serves approximately 106,100 electric and 83,900 natural gas customers in New England, emphasizing commitment to reliable energy delivery and community service.
Unitil Corporation (NYSE: UTL) reported a net income of $3.1 million, or $0.21 EPS, for Q2 2020, down from $4.0 million, or $0.27 EPS, in Q2 2019. For the first half of 2020, net income was $18.3 million, or $1.23 EPS, a decrease from $30.5 million, or $2.05 EPS, in 2019. This drop is attributed to lower gas sales margins, warmer weather impacting sales, and economic slowdowns due to COVID-19. Gas and Electric Gross Margins totaled $15.5 million and $16.5 million for Q2, with operational expenses reduced by $1.3 million. The company declared a quarterly dividend of $0.375 per share.
Unitil Corporation (NYSE: UTL) has declared a quarterly dividend of $0.375 per share, set to be paid on August 28, 2020, to shareholders of record by August 14, 2020. This results in an effective annualized dividend rate of $1.50 per share. Unitil provides energy solutions across New England, serving approximately 106,100 electric and 83,900 natural gas customers, demonstrating its commitment to reliable energy delivery.
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