Unitil(US:UTL)2024-11-05 13:12Financial Performance - Third Quarter 2024 GAAP Net Income was breakeven, a decrease of $1.4 million or $0.09 per share compared to 2023[4] - Third Quarter 2024 Adjusted Net Income was $0.4 million or $0.02 per share[4] - Year-to-Date GAAP Net Income was $31.5 million or $1.96 per share, an increase of $1.8 million or $0.11 per share compared to 2023[4] - Year-to-Date Adjusted Net Income was $32.1 million or $2.00 per share[4] - The company reaffirmed a long-term EPS growth rate of 5%-7%[4] Strategic Initiatives - The company agreed to acquire Bangor Natural Gas (BNG), with an expected closing by the end of Q1 2025[4] - The company expects long-term rate base growth of 6.5%-8.5%[4] - The company filed Granite State Gas Settlement with FERC, expecting an annual revenue increase of $3.0 million, approximately a 30% increase to Granite's revenues[4, 19] - The company projects five-year capital investment of approximately $910 million, which is 47% higher than the prior five years[25] Sustainability and Infrastructure - The company's distribution system had significantly lower fugitive emissions than calculated emissions, reducing Scope 1 Emissions[6] - The company is investing approximately $40 million in advanced metering infrastructure[8] - The company is targeting Net Zero emissions by 2050, with a 50% reduction by 2030[6]