Welcome to our dedicated page for Unitil Corporation news (Ticker: UTL), a resource for investors and traders seeking the latest updates and insights on Unitil Corporation stock.
Unitil Corporation (NYSE: UTL) is a public utility holding company that provides essential energy services in New England through its subsidiaries. The company focuses on the distribution of natural gas and electricity to residential, commercial, and industrial customers in Maine, New Hampshire, and Massachusetts. Unitil's commitment to its customers centers around safely and reliably delivering energy while fostering sustainable practices.
Unitil serves approximately 108,500 electric customers and 88,400 natural gas customers. The company operates through three primary segments: utility gas operations, utility electric operations, and non-regulated business. Its non-regulated segment, Usource, offers energy procurement and advisory services.
Recent financial results highlight Unitil's disciplined approach to cost management and strategic growth. For example, Electric GAAP Gross Margin for 2023 was $78.1 million, an increase driven by higher rates and customer growth. Similarly, Gas GAAP Gross Margin was $114.1 million, showcasing a strong financial profile despite challenges like warmer winter weather.
To engage stakeholders, Unitil frequently hosts conference calls and webcasts, making detailed financial and operational information accessible. The company continues to demonstrate resilience through proactive management of regulatory initiatives and a steadfast focus on sustainability. As part of its long-term strategy, Unitil maintains an unbroken record of quarterly dividend payments, reflecting its financial stability and shareholder value.
Unitil remains committed to community involvement, evidenced by its active engagement in developing people, business practices, and technologies that enhance energy efficiency. For more information about Unitil's services, community activities, and sustainability initiatives, visit unitil.com.
Unitil Corporation (NYSE:UTL) announced the election of Anne L. Alonzo to its Board of Directors during the 2023 Annual Meeting of Shareholders. Alonzo, who will serve a two-year term, has an extensive background in sustainability and regulatory affairs, having previously been a C-Suite executive at Corteva Agriscience and a leader at the American Egg Board. Her expertise in environmental sustainability, public policy, and ESG (Environmental, Social, Governance) is expected to enhance the board's capabilities. Unitil operates in New England, servicing approximately 108,100 electric customers and 87,500 natural gas customers. The leadership change aims to strengthen the company's focus on delivering reliable energy while addressing sustainability challenges.
On April 26, 2023, Unitil Corporation (NYSE: UTL) conducted its Annual Meeting of Shareholders in Hampton, New Hampshire. Key outcomes included the re-election of four directors for three-year terms and one director for a two-year term. Shareholders ratified Deloitte & Touche, LLP as independent accountants for 2023, with 97% approval for the advisory vote on executive compensation, set to occur annually. Chairman Thomas P. Meissner, Jr. discussed 2022 highlights and the Clean Energy Transition strategy aimed at sustainable value. Unitil serves approximately 108,100 electric and 87,500 natural gas customers across New England.
Unitil Corporation (NYSE:UTL) has declared a **quarterly dividend** of **$0.405** per share on its common stock, set to be paid on **May 30, 2023**, to shareholders recorded by **May 16, 2023**. This dividend results in an **annualized rate** of **$1.62** per share, reinforcing the company's commitment to providing shareholder returns. Unitil Corporation operates in **New England**, delivering natural gas and electricity and serving approximately **108,100 electric** and **87,500 natural gas** customers. Their focus on community involvement and efficient energy delivery underlines their dedication to sustainable practices.
Unitil Corporation (NYSE: UTL) announced significant corporate organizational changes effective May 1, 2023. Thomas P. Meissner, Jr. will continue as Chairman and CEO, while Robert B. Hevert becomes President and Chief Administrative Officer. Daniel J. Hurstak will take over Hevert's previous roles as Senior VP, CFO, and Treasurer. Todd Diggins will assume Hurstak's former position as Chief Accounting Officer and Controller. These changes are part of a leadership development and succession plan aimed at ensuring long-term business continuity and adapting to the clean energy transition. The company serves approximately 108,100 electric and 87,500 natural gas customers across New England.
Unitil Corporation (NYSE: UTL) will release its first quarter 2023 earnings on May 2, 2023, before the market opens. A conference call will follow at 10:00 a.m. ET to discuss the quarterly results, with presentation materials available in advance on the Company’s Investors page. Unitil serves approximately 108,100 electric customers and 87,500 natural gas customers in New England, focusing on delivering reliable energy while being committed to community engagement and technological advancements.
For inquiries, Todd Diggins (Investor Relations) and Alec O’Meara (Media Relations) are available through the provided email and phone contacts.
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