Unitil(US:UTL)2025-11-04 19:00Financial Performance - The company's Q3 2025 adjusted net income was $0.4 million, or $0.03 per share, a $0.01 increase per share compared to the same period in 2024[8] - Year-to-date adjusted net income reached $33.5 million, or $2.03 per share, a $1.4 million or $0.03 per share increase compared to the first nine months of 2024[8] - Adjusted gross margin increased by $4.7 million year-to-date for electric operations[25] - Adjusted gross margin for gas operations increased by $19.1 million year-to-date, driven by higher rates, customer growth, and colder weather[27] Acquisitions and Growth - Maine Natural Gas (MNG) acquisition closed on October 31, 2025, and Bangor Natural Gas (BNG) integration was completed[8, 10] - The combined price for BNG and MNG acquisitions was $157 million, with a combined rate base of $128 million and 15,100 customers[10] - Rate base is expected to grow by 10% including acquisitions[8] - Acquisitions are expected to accelerate long-term EPS and rate base growth, with an additional 17% in rate base and gas customers, and a 15% increase in gas margin[11] Capital Investments and Regulatory Updates - The company completed a utility-scale solar project in New Hampshire[13] - Advanced Metering Infrastructure (AMI) replacement is on schedule, with a combined capital investment of approximately $40 million[14, 17] - A temporary electric rate increase of $7.8 million took effect in Q3 2025 in New Hampshire[8] - The company's five-year projected capital investment is approximately $1.1 billion[43]