Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Gas Operations, Utility Electric Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as the greater Fitchburg area of north central Massachusetts. It also operates 86 miles of interstate underground natural gas transmission pipeline that provides interstate natural gas pipeline access and transportation services primarily in Maine and New Hampshire. In addition, the company provides energy brokering and advisory services to commercial and industrial customers; and real estate management services. It serves approximately 107,100 electric customers and 85,600 natural gas customers. Unitil Corporation was founded in 1984 and is headquartered in Hampton, New Hampshire.
IPO Year: 1985
Exchange: NYSE
Website: unitil.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/6/2023 | Neutral | Guggenheim | |
| 7/22/2022 | $53.00 → $50.00 | Neutral → Underperform | BofA Securities |
| 2/3/2022 | $45.00 → $50.00 | Underperform → Neutral | BofA Securities |
Guggenheim initiated coverage of UNITIL Corporation with a rating of Neutral
BofA Securities downgraded UNITIL Corporation from Neutral to Underperform and set a new price target of $50.00 from $53.00 previously
BofA Securities upgraded UNITIL Corporation from Underperform to Neutral and set a new price target of $50.00 from $45.00 previously
B of A Securities downgraded Unitil from Neutral to Underperform and set a new price target of $49.00
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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. "We are pleased with our
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 s
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. Additionally, the required shareholder advisory vote concerning executive compensation, also known as "say on pay," was approved by 91% of shareholders. Following the business of the formal meeting, Thomas P. Meissner, Jr., Un
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. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more effic
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. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be available for one
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. Maine Natural Gas Company commenced operations in 1999 and serves approximately 6,300 residential and commercial
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 con
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. Bangor Natural Gas Company, which began operations in 1998, brings approximately 8,500 customers, 351 miles of distribution pipelines, and nine miles of transmission pipelines to
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. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve an
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. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be available for o
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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. "We are pleased with our
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. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable, more effic
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. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be available for one
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 con
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. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve an
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. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be available for o
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, co
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. About Unitil CorporationUnitil Corporation provides energy for life by safely and reliably delivering electricity and natural gas in New England. We are committed to the communities we serve and to developing people, business practices, and technologies that lead to the delivery of dependable,
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. The conference call will be broadcast live in listen-only mode on the Company's Investors page at investors.unitil.com. Interested parties may access dial information for the call by registering via web link here. An archive of the webcast will be availa
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