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Unitil(UTL) - 2024 Q2 - Earnings Call Transcript
2024-08-06 19:53
Unitil Corporation (NYSE:UTL) Q2 2024 Earnings Conference Call August 6, 2024 2:00 PM ET Company Participants Christopher Goulding - Vice President of Finance and Regulatory Services Thomas Meissner - CEO Daniel Hurstak - Senior Vice President, CFO & Treasurer Operator Good day and thank you for standing by. Welcome to the Second Quarter 2024 Unitil Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. ...
Unitil (UTL) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-06 12:56
Unitil (UTL) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 17.39%. A quarter ago, it was expected that this utility would post earnings of $1.58 per share when it actually produced earnings of $1.69, delivering a surprise of 6.96%. Over the last four quarters, the company has surpas ...
Unitil(UTL) - 2024 Q2 - Quarterly Report
2024-08-06 11:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 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) NewHampshire (State or other jurisdiction of incorporation or organiz ...
Unitil Reports Second Quarter Earnings
Newsfilter· 2024-08-06 10:45
HAMPTON, N.H., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced Net Income of $4.3 million, or $0.27 in Earnings Per Share (EPS) for the second quarter of 2024, an increase of $0.1 million in Net Income, or $0.02 in EPS, compared to the second quarter of 2023. For the six months ended June 30, 2024, the Company reported Net Income of $31.5 million, or $1.96 in Earnings Per Share (EPS), an increase of $3.2 million in Net Income, or $0.20 in EPS, compared to the fi ...
Unitil Reports Second Quarter Earnings
GlobeNewswire News Room· 2024-08-06 10:45
HAMPTON, N.H., Aug. 06, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced Net Income of $4.3 million, or $0.27 in Earnings Per Share (EPS) for the second quarter of 2024, an increase of $0.1 million in Net Income, or $0.02 in EPS, compared to the second quarter of 2023. For the six months ended June 30, 2024, the Company reported Net Income of $31.5 million, or $1.96 in Earnings Per Share (EPS), an increase of $3.2 million in Net Income, or $0.20 in EPS, compared to the fi ...
Unitil Declares Common Stock Dividend
GlobeNewswire News Room· 2024-07-31 20:30
HAMPTON, N.H., July 31, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors declared the regular quarterly dividend on the Company's common stock of $0.425 per share, payable August 29, 2024, to shareholders of record on August 15, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share. About Unitil Corporation Unitil Corporation provides energy for life by safely and reliably delivering electricity ...
Unitil Schedules Second Quarter 2024 Earnings Release and Conference Call
GlobeNewswire News Room· 2024-07-23 10:45
The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be available for one year on the website at investors.unitil.com. Unitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business ...
Unitil Schedules Second Quarter 2024 Earnings Release and Conference Call
Newsfilter· 2024-07-23 10:45
HAMPTON, N.H., July 23, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) has scheduled the release of its second quarter 2024 earnings before the market opens on August 6, 2024. Unitil will host its conference call and webcast later that day 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' ...
Unitil (UTL) Inks Deal to Acquire Bangor Natural Gas for $70.9M
ZACKS· 2024-07-10 12:56
Unitil Corporation (UTL) announced that it has agreed to purchase Bangor Natural Gas Company (Bangor) from PHC Utilities, Inc., a subsidiary of Hope Utilities, Inc., for $70.9 million on a debt-free basis. This transaction is subject to customary adjustments for closing working capital and transaction expenses. Bangor's enterprise value is nearly 1.2 times its rate base (based on its estimated rate base as of Dec 31, 2023). Unitil will acquire full ownership of Bangor upon the transaction's closure, anticip ...
Unitil to Purchase Bangor Natural Gas Company from Hope Utilities, Inc.
GlobeNewswire News Room· 2024-07-09 10:45
HAMPTON, N.H., July 09, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced that Unitil has agreed to purchase Bangor Natural Gas Company ("Bangor") from PHC Utilities, Inc., a subsidiary of Hope Utilities, Inc., for $70.9 million on a debt-free basis, subject to customary adjustments for closing working capital and transaction expenses. Bangor's enterprise value represents a multiple of approximately 1.2 times its rate base (based on its estimated rate base as of December 3 ...