HAMPTON, N.H., Nov. 04, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced GAAP Net Income (Net Income) of $11 thousand, or $0.00 in Earnings Per Share (EPS), for the third quarter of 2024, a decrease of $1.4 million in Net Income, or $0.09 in EPS, compared to the third quarter of 2023. The Company’s Net Income was $31.5 million, or $1.96 in EPS, for the first nine months of 2024, an increase of $1.8 million in Net Income, or $0.11 in EPS, compared to the first nine months of 2023. The Company's Adjusted Net Income (a non-GAAP financial measure¹) was $0.4 million, or $0.02 in EPS for the third quarter of 2024, a decrease of $1.0 million, or $0.07 in EPS, compared to the third quarter of 2023. The Company's Adjusted Net Income (a non-GAAP financial measure¹) was $32.1 million, or $2.00 in EPS, for the first nine months of 2024, an increase of $2.4 million, or $0.15 in EPS, compared to the first nine months of 2023. The Company’s earnings in the first nine months of 2024 reflect higher rates and customer growth.

HAMPTON, N.H., Oct. 30, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today announced that its Board of Directors has elected Jane Lewis-Raymond to the Board. The addition of a new director is part of the Board’s normal succession planning process in anticipation of the upcoming retirements of directors reaching the mandatory retirement age of 75. Ms. Lewis-Raymond will stand for election to the Board by the shareholders of the Company at the next annual meeting of shareholders, which will be held in April 2025.

HAMPTON, N.H., Oct. 30, 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 November 29, 2024, to shareholders of record on November 14, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share.

HAMPTON, N.H., Oct. 29, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) (unitil.com) today released its 2024 Corporate Sustainability and Responsibility Report (the “CSR” or the “Report”). The Report highlights the Company’s 2023 successes as well as continuing initiatives in 2024, and outlines progress toward its commitment to environmental sustainability, human capital management, safety and reliability, and customer engagement.

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 first six months of 2023. The Company’s Electric and Gas GAAP Gross Margins for the second quarter of 2024 were $17.8 million and $20.5 million, respectively. For the six months ended June 30, 2024, the Company’s Electric and Gas GAAP Gross Margins were $37.9 million and $70.6 million, respectively. Operation and Maintenance expenses include $0.3 million in both the three and six months ended June 30, 2024 for transaction costs associated with the Company’s recently announced acquisition of Bangor Natural Gas Company.

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.

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 31, 2023). Upon the closing of the transaction, which is expected to occur by the end of the first quarter of 2025, Bangor will become a wholly owned subsidiary of Unitil.   The transaction is subject to approval by the Maine Public Utilities Commission as well as other conditions to closing.

HAMPTON, N.H., May 07, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced Net Income of $27.2 million, or $1.69 in Earnings Per Share (EPS), for the quarter ended March 31, 2024, an increase of $3.1 million in Net Income, or $0.18 in EPS, compared to the same period in 2023. The Company’s Electric and Gas GAAP Gross Margins were $20.1 million and $50.2 million, respectively, for the first quarter of 2024.

HAMPTON, N.H., May 01, 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 May 31, 2024, to shareholders of record on May 16, 2024. This quarterly dividend results in a current effective annualized dividend rate of $1.70 per share.