HAMPTON, N.H., April 23, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) has scheduled the release of its first quarter 2025 earnings after the market closes on May 6, 2025. Unitil will host its conference call and webcast on May 7, 2025 at 2:00 p.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company’s Investors page at investors.unitil.com. The conference call will be broadcast live in listen-only mode on the Company’s ...

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HAMPTON, N.H., April 01, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced that it has entered into a definitive agreement to acquire Maine Natural Gas Company ("Maine Natural") from Avangrid Enterprises, Inc., for $86.0 million on a debt-free basis, subject to adjustment for closing working capital and transaction expenses. Upon closing of the transaction, which is expected to occur by the end of 2025, Maine Natural will become a wholly owned subsidiary of Unitil. The tra ...

Financial Data and Key Metrics Changes - Adjusted earnings for fiscal year 2024 were $47.8 million or $2.97 per share, an increase of $0.15 per share or 5.3% over 2023 [10][62] - Consolidated return on equity was 9.4%, reflecting constructive regulatory outcomes and cost management focus [11][50] - Operating and maintenance expenses increased by $2 million or 2.6%, with a notable increase in depreciation and amortization of $8.7 million [26][68] Business Line Data and Key Metrics Changes - Electric adjusted gross margin was $107.3 million, an increase of $3.2 million compared to 2023, supported by higher distribution rates and customer growth [23][64] - Gas adjusted gross margin was $166.9 million, an increase of $12.4 million compared to 2023, with approximately 730 new gas customers added [25][65] Market Data and Key Metrics Changes - Approximately 60% of the company's gas customers were under decoupled rates by the end of 2024, which supported gas adjusted gross margin by approximately $0.28 per share [25][65] - The company added approximately 990 electric customers compared to 2023 [24][64] Company Strategy and Development Direction - The company completed the acquisition of Bangor Natural Gas, viewing it as complementary to existing operations and expected to be earnings accretive in the long run [11][50] - A five-year investment plan through 2029 totals approximately $980 million, which is 46% higher than the prior five years, aimed at growing the rate base [31][71] Management Comments on Operating Environment and Future Outlook - Management reaffirmed guidance for long-term earnings growth, dividend growth, and rate base growth, with adjusted earnings guidance for 2025 expected to be in the range of $3.01 to $3.17 per share [12][29] - The company is well-positioned to continue success and deliver on commitments to customers, communities, and shareholders [39][80] Other Important Information - The board of directors approved a quarterly dividend increase of $0.025 per share, bringing the annual dividend to $1.80 per share, a 5.9% increase from 2024 [37][78] - The company amended its revolving credit facility to increase the borrowing limit from $200 million to $275 million, extending the maturity to September 2028 [76][77] Q&A Session Summary Question: Can you walk through the strategy for the distribution rate case at UES and the customer bill impact? - Management indicated that customer billing impacts will not be known until the case is filed, expected in the second quarter of 2025 [85][87] Question: Regarding the five-year capital plan, how should equity issuance timing be considered? - Management stated that while 13% of the capital plan will come from equity, there are no immediate plans for equity issuance [89][90]

Unitil (UTL) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.11%. A quarter ago, it was expected that this utility would post earnings of $0.01 per share when it actually produced earnings of $0.02, delivering a surprise of 100%.Over the last four quarters, the company has surpassed ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 1-8858 UNITIL CORPORATION (Exact name of registrant as specified in its charter) New Hampshire 02-0381573 (State or other jurisdiction of incorpora ...

HAMPTON, N.H., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced GAAP Net Income of $47.1 million, or $2.93 in Earnings Per Share (EPS), for the year ended December 31, 2024, an increase of $1.9 million in Net Income, or $0.11 in EPS, compared to 2023. The Company’s Adjusted Net Income (a non-GAAP financial measure1) was $47.8 million, or $2.97 in EPS for the year ended December 31, 2024, an increase of $2.6 million, or $0.15 in EPS, compared to 2023. Adjusted Net ...

HAMPTON, N.H., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that it completed the purchase of Bangor Natural Gas Company ("Bangor"), from PHC Utilities, Inc., a subsidiary of Hope Utilities, Inc. The Stock Purchase Agreement (the "Agreement") between PHC Utilities, Inc. and Unitil was first announced on July 8, 2024. All conditions of the Agreement, including the receipt of approvals from the Maine Public Utilities Commission, were completed as of the closing ...

Unitil Corporation (UTL) announced that its board of directors has increased dividends by 5.9%. The new quarterly dividend will be 45 cents per share compared with the previous quarter’s 42.5 cents. The new dividend will be payable on Feb. 28, 2025, to stockholders of record as of Feb. 13, 2025.The increased dividend rate resulted in an annualized dividend of $1.80 per share compared with the previous level of $1.70. The company targets 55-65% annual dividend payout ratio. The current dividend yield is 3.17 ...