| Unitil Corporation (UTL) Q1 2025 Earnings Call Transcript |
Unitil Corporation (NYSE:UTL ) Q1 2025 Conference Call May 7, 2025 2:00 PM ET Company Participants Chris Goulding - Vice President of Finance and Regulatory Thomas Meissner - Chairman & CEO Daniel Hurstak - SVP, CFO & Treasurer Operator Good day, and thank you for standing by. Welcome to the First Quarter 2025 Unitil Earnings Conference Call. |
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2025-05-10 18:04:03 |
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| Unitil (UTL) Misses Q1 Earnings and Revenue Estimates |
Unitil (UTL) came out with quarterly earnings of $1.74 per share, missing the Zacks Consensus Estimate of $1.78 per share. This compares to earnings of $1.69 per share a year ago. |
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2025-05-06 23:10:38 |
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| Unitil Reports First Quarter Earnings |
HAMPTON, N.H., May 06, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( unitil.com ) today announced Net Income of $27.5 million, or $1.69 in Earnings Per Share (EPS), for the quarter ended March 31, 2025, an increase of $0.3 million in Net Income, or $0.00 in EPS, compared to the same period in 2024. The Company's Adjusted Net Income (a non-GAAP financial measure1), which includes transaction-related costs in connection with the acquisition of Bangor Natural Gas Company (Bangor) and Maine Natural Gas Company, was $28.4 million, or $1.74 in EPS for the first quarter of 2025, an increase of $1.2 million, or $0.05 in EPS, compared to the first quarter of 2024. |
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2025-05-06 20:45:00 |
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| Unitil to Purchase Three Water Companies in Massachusetts and New Hampshire from the Aquarion Water Authority |
HAMPTON, N.H., May 06, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced that it has entered into a definitive agreement to acquire Aquarion Water Company of Massachusetts Inc., Aquarion Water Company of New Hampshire, Inc., and Abenaki Water Co., Inc. (the “Aquarion Companies”) from the Aquarion Water Authority (“AWA”) for $100.0 million including the assumption of approximately $30.0 million of debt, subject to certain closing conditions, customary purchase price adjustments, and purchase price adjustments for certain capital expenditures (the “Transaction”). AWA is a quasi-public corporation and political subdivision of the State of Connecticut, and a standalone, newly created water authority. Upon closing of the Transaction, the Aquarion Companies will become wholly owned subsidiaries of Unitil. The Transaction is subject to customary closing conditions as well as other closing conditions, including (i) approval by the Massachusetts Department of Public Utilities, the New Hampshire Public Utilities Commission, and the Maine Public Utilities Commission and (ii) the closing of the sale of the ultimate parent company of the Aquarion Companies to AWA, which was announced earlier this year and is expected to close in late 2025, at which time this Transaction is also expected to close. |
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2025-05-06 20:30:00 |
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| Why Unitil (UTL) is a Great Dividend Stock Right Now |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
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2025-05-06 16:45:37 |
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| Unitil Shareholders Elect Directors at Annual Meeting |
HAMPTON, N.H., April 30, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) ( unitil.com ) held its Annual Meeting of Shareholders today at the corporate office in Hampton, New Hampshire. Shareholders elected Anne L. Alonzo, Katherine Kountze, Jane Lewis-Raymond and David A. Whiteley to the Board of Directors, each for a term of three years. Shareholders also ratified the selection of Deloitte & Touche, LLP as independent registered public accountants for 2025. |
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2025-04-30 20:45:00 |
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| Unitil Declares Common Stock Dividend |
HAMPTON, N.H., April 30, 2025 (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 $0.45 per share, payable May 30, 2025, to shareholders of record on May 15, 2025. This quarterly dividend results in a current effective annualized dividend rate of $1.80 per share. |
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2025-04-30 20:30:00 |
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| Unitil Schedules First Quarter 2025 Earnings Release and Conference Call |
HAMPTON, N.H., April 23, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) has scheduled the release of its first quarter 2025 earnings after the market closes on May 6, 2025. Unitil will host its conference call and webcast on May 7, 2025 at 2:00 p.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. |
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2025-04-23 10:45:00 |
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| Why Unitil (UTL) is a Top Dividend Stock for Your Portfolio |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
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2025-04-18 16:50:28 |
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| Unitil: Solid Growth, But Current Valuation Is A Bit High |
Unitil Corporation, a small utility serving New England, has shown consistent net income growth, outperforming larger peers like Eversource Energy. Despite its small size and high debt levels, Unitil offers a 3.17% dividend yield and has a solid historical total return. The company plans to invest $980 million in infrastructure from 2025-2029, aiming for a 6.5%-8.5% rate base growth, but this may dilute current equity holders. |
seekingalpha.com |
2025-04-15 09:21:35 |
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| Unitil (UTL) is a Top Dividend Stock Right Now: Should You Buy? |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
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2025-04-02 16:50:37 |
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| Unitil to Purchase Maine Natural Gas Company from Avangrid |
HAMPTON, N.H., April 01, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced that it has entered into a definitive agreement to acquire Maine Natural Gas Company (“Maine Natural”) from Avangrid Enterprises, Inc., for $86.0 million on a debt-free basis, subject to adjustment for closing working capital and transaction expenses. Upon closing of the transaction, which is expected to occur by the end of 2025, Maine Natural will become a wholly owned subsidiary of Unitil. The transaction is subject to approval by the Maine Public Utilities Commission. |
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2025-04-01 10:45:00 |
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| Unitil Corporation (UTL) Q4 2024 Earnings Call Transcript |
Unitil Corporation (UTL) Q4 2024 Earnings Call Transcript |
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2025-02-11 13:44:28 |
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| Unitil (UTL) Beats Q4 Earnings Estimates |
Unitil (UTL) came out with quarterly earnings of $0.97 per share, beating the Zacks Consensus Estimate of $0.95 per share. This compares to earnings of $0.97 per share a year ago. |
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2025-02-10 20:46:31 |
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| Unitil Reports Year-End Earnings |
HAMPTON, N.H., Feb. 10, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) today announced GAAP Net Income of $47.1 million, or $2.93 in Earnings Per Share (EPS), for the year ended December 31, 2024, an increase of $1.9 million in Net Income, or $0.11 in EPS, compared to 2023. The Company's Adjusted Net Income (a non-GAAP financial measure1) was $47.8 million, or $2.97 in EPS for the year ended December 31, 2024, an increase of $2.6 million, or $0.15 in EPS, compared to 2023. Adjusted Net Income (a non-GAAP financial measure1) excludes costs associated with the Company's acquisition of Bangor Natural Gas Company. The Company's earnings in 2024 reflect higher rates and continued customer growth. |
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2025-02-10 18:30:00 |
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| 23 Upcoming Dividend Increases, Including 2 Kings |
Excited to announce dividend hikes for 23 companies, including dividend kings SJW Group and California Water Service Group, with 5% and 7.1% increases. Companies with consistent dividend growth indicate financial health, attracting investors and boosting stock prices, leading to long-term wealth accumulation. Investment strategy focuses on stocks with rising dividends and outperforming benchmarks, using data from U.S. Dividend Champions and NASDAQ. |
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2025-02-07 12:18:44 |
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| Unitil Completes Purchase of Bangor Natural Gas Company |
HAMPTON, N.H., Jan. 31, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) ( unitil.com ) today announced that it completed the purchase of Bangor Natural Gas Company (“Bangor”), from PHC Utilities, Inc., a subsidiary of Hope Utilities, Inc. The Stock Purchase Agreement (the “Agreement”) between PHC Utilities, Inc. and Unitil was first announced on July 8, 2024. All conditions of the Agreement, including the receipt of approvals from the Maine Public Utilities Commission, were completed as of the closing date. |
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2025-01-31 18:30:00 |
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| Unitil's Board Boosts Shareholder Value With 5.9% Dividend Hike |
UTL stock continues to increase shareholder value as its board of directors raises dividends by 5.9%. |
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2025-01-31 16:21:16 |
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| Watch These 5 Stocks That Recently Announced Dividend Hikes |
Investors may keep a tab on stocks like FBK, OFG, UTL, SCHW and AJG, which have lately hiked their dividend payments. |
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2025-01-31 11:10:26 |
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| Unitil Increases Common Stock Dividend |
HAMPTON, N.H., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE:UTL) ( unitil.com ) today announced that its Board of Directors raised the quarterly dividend on the Company's common stock to $0.45 per share, an increase of $0.025 per share. Today's action increased the Company's annualized dividend by $0.10, to $1.80 per share. Also today, the Board declared the first quarter common stock dividend of $0.45 per share, payable February 28, 2025, to shareholders of record on February 13, 2025. |
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2025-01-29 18:30:00 |
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| Unitil Schedules Fourth Quarter 2024 Earnings Release and Conference Call |
HAMPTON, N.H., Jan. 28, 2025 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) has scheduled the release of its fourth quarter 2024 earnings after the market closes on February 10, 2025. Unitil will host its conference call and webcast on February 11, 2025 at 10:00 a.m. (ET) to review its results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. |
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2025-01-28 08:45:00 |
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| Unitil Corporation (UTL) Q3 2024 Earnings Conference Call Transcript |
Unitil Corporation (NYSE:UTL ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Todd Diggins - Chief Accounting Officer and Controller Thomas Meissner - Chairman and CEO Daniel Hurstak - SVP, CFO and Treasurer Conference Call Participants Shelby Tucker - RBC Operator Good day, thank you for standing by. Welcome to the Q3 2024 Unitil Earnings Conference call. |
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2024-11-05 13:47:12 |
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| Unitil (UTL) Surpasses Q3 Earnings Estimates |
Unitil (UTL) came out with quarterly earnings of $0.02 per share, beating the Zacks Consensus Estimate of $0.01 per share. This compares to earnings of $0.09 per share a year ago. |
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2024-11-04 21:30:18 |
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| Unitil Reports Third Quarter Earnings |
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. |
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2024-11-04 18:30:00 |
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| Unitil (UTL) Could Be a Great Choice |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
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2024-11-01 14:45:21 |
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| Unitil Elects a New Member of the Board of Directors |
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. |
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2024-10-30 18:45:00 |
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| Unitil Declares Common Stock Dividend |
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. |
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2024-10-30 18:30:00 |
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| Unitil Releases Corporate Sustainability and Responsibility Report |
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. |
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2024-10-29 18:30:00 |
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| Unitil Schedules Third Quarter 2024 Earnings Release and Conference Call |
HAMPTON, N.H., Oct. 22, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) has scheduled the release of its third quarter 2024 earnings after the market closes on November 4, 2024. Unitil will host its conference call and webcast on November 5, 2024 at 10:00 a.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. |
globenewswire.com |
2024-10-22 10:45:00 |
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| Are You Looking for a High-Growth Dividend Stock? |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
zacks.com |
2024-10-16 16:45:19 |
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| Why Unitil (UTL) is a Great Dividend Stock Right Now |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
zacks.com |
2024-09-30 16:51:30 |
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| Unitil (UTL) Could Be a Great Choice |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
zacks.com |
2024-09-13 16:45:44 |
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| Are You Looking for a High-Growth Dividend Stock? |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
zacks.com |
2024-08-28 16:46:10 |
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| Unitil (UTL) Could Be a Great Choice |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
zacks.com |
2024-08-12 16:47:04 |
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| Unitil Corporation (UTL) Q2 2024 Earnings Call Transcript |
Unitil Corporation (NYSE:UTL ) Q2 2024 Earnings Conference Call August 6, 2024 2:00 PM ET Company Participants Christopher Goulding - Vice President of Finance and Regulatory Services Thomas Meissner - CEO Daniel Hurstak - Senior Vice President, CFO & Treasurer Operator Good day and thank you for standing by. Welcome to the Second Quarter 2024 Unitil Earnings Conference Call. |
seekingalpha.com |
2024-08-06 19:53:08 |
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| Unitil (UTL) Beats Q2 Earnings and Revenue Estimates |
Unitil (UTL) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.23 per share. This compares to earnings of $0.25 per share a year ago. |
zacks.com |
2024-08-06 12:56:17 |
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| Unitil Reports Second Quarter Earnings |
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. |
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2024-08-06 10:45:00 |
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| Unitil Declares Common Stock Dividend |
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. |
globenewswire.com |
2024-07-31 20:30:00 |
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| Are You Looking for a High-Growth Dividend Stock? |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
zacks.com |
2024-07-26 16:45:37 |
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| Unitil Schedules Second Quarter 2024 Earnings Release and Conference Call |
HAMPTON, N.H., July 23, 2024 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) has scheduled the release of its second quarter 2024 earnings before the market opens on August 6, 2024. Unitil will host its conference call and webcast later that day at 2:00 p.m. (ET) to review its quarterly results. Related presentation materials will be available before the call on the Company's Investors page at investors.unitil.com. |
globenewswire.com |
2024-07-23 10:45:00 |
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| Unitil (UTL) Could Be a Great Choice |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes? |
zacks.com |
2024-07-10 16:51:08 |
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