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 a quarterly dividend of $0.38 per share, payable on August 27, 2021, to shareholders of record on August 13, 2021. This dividend results in an effective annualized dividend rate of $1.52 per share. With operations in New England, Unitil serves approximately 107,100 electric customers and 85,600 natural gas customers, committed to delivering reliable energy and supporting local communities.
Unitil Corporation (NYSE: UTL) will release its second quarter 2021 earnings on August 3, 2021, before market open. A conference call to discuss the results will be held at 10:00 a.m. (ET) the same day. The company serves approximately 107,100 electric and 85,600 natural gas customers in New England. More information can be found on their investor relations page.
Unitil Corporation (NYSE: UTL) reported a first-quarter 2021 net income of $18.9 million, equating to $1.26 in earnings per share, an increase of $3.7 million from Q1 2020. The rise in earnings is attributed to higher gas and electric adjusted gross margins, totaling $39.6 million and $17.2 million, respectively. Gas adjusted gross margin increased by $5.4 million, driven by rates and colder weather. Electric adjusted gross margin rose $0.6 million owing to customer growth. The company declared quarterly dividends of $0.38 per share, maintaining a consistent dividend history.
Unitil Corporation (NYSE:UTL) held its Annual Meeting of Shareholders on April 28, 2021, where shareholders elected three new Board members: Suzanne Foster, Thomas P. Meissner, Jr., and Justine Vogel, each for a three-year term. The meeting also ratified Deloitte & Touche, LLP as the independent public accountants for 2021, and 94.4% of shareholders approved the executive compensation advisory vote. CEO Thomas P. Meissner presented highlights from 2020 and discussed the utility industry's transition towards a low-carbon future. For details, visit www.unitil.com.
Unitil Corporation (NYSE:UTL) has declared a quarterly dividend of $0.38 per share, payable on May 28, 2021, to shareholders of record by May 14, 2021. This announcement results in an annualized dividend rate of $1.52 per share. Unitil operates in New England, providing energy to approximately 107,100 electric customers and 85,600 natural gas customers across Maine, New Hampshire, and Massachusetts.
Unitil Corporation (NYSE: UTL) has announced the release of its first quarter 2021 earnings on May 4, 2021, prior to market opening. Subsequently, a conference call will be held at 2:00 p.m. (ET) the same day to discuss the quarterly results. The call will be accessible via the Company’s Investors page, where related materials will also be available. Unitil, which operates in New England, serves approximately 107,100 electric and 85,600 natural gas customers, focusing on safe and reliable energy delivery.
Unitil Corporation (NYSE: UTL) announced a base rate case filing with the New Hampshire Public Utilities Commission for its electric distribution utility, Unitil Energy Systems, Inc. The proposal seeks a $11.99 million increase (4.4%) in base rates, potentially raising residential bills by $9.87 per month (8.2%) for an average usage of 600 kWh. The filing includes initiatives for modernizing the electric grid, EV infrastructure, and customer support programs. The review process may last up to a year, following the last rate case filed in 2016.
Unitil Corporation (NYSE:UTL) announced the retirement of Senior Vice President Laurence M. Brock, effective July 1, 2021, after 40 years in the industry. Mr. Brock emphasized his gratitude for Unitil’s dedicated employees during his 26-year tenure. He played crucial roles, including Chief Financial Officer and Treasurer. Unitil, which delivers natural gas and electricity in New England, serves approximately 107,100 electric customers and 85,600 natural gas customers. The company is committed to efficient energy delivery and community involvement.
Unitil Corporation (NYSE: UTL) announced a quarterly dividend increase to $0.38 per share, raising the annualized dividend rate to $1.52. The first quarter dividend is payable on February 26, 2021, to shareholders of record as of February 12, 2021. This marks an unbroken record of quarterly dividend payments since the company's inception and reflects confidence in future growth, according to CEO Thomas P. Meissner, Jr.
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