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Stock impact report

Unitil Reports First Quarter Earnings

UNITIL Corporation (UTL) 
Last unitil corporation earnings: 4/30 06:45 am Check Earnings Report
Company Research Source: GlobeNewswire
HAMPTON, N.H., April 25, 2019 (GLOBE NEWSWIRE) -- Unitil Corporation (the “Company”) (NYSE: UTL) (www.unitil.com) today announced Net Income of $26.5 million, or $1.78 per share, for the first quarter of 2019, an increase of $10.9 million in Net Income, and $0.72 in Earnings Per Share, (“EPS”) compared to the first quarter of 2018. In the first quarter of 2019; the Company recognized a one-time net gain of $9.8 million, or $0.66 in EPS, on the Company’s divestiture of its non-regulated business subsidiary, Usource. In addition, the Company’s earnings in the first quarter of 2019 were driven by higher natural gas and electric sales margins, partially offset by higher utility operating expenses. Earnings for the Company’s utility operations were Net Income of $16.7 million, or $1.12 per share, for the first quarter of 2019, an increase of $1.1 million in Net Income, and $0.06 in Earnings Per Share, (“EPS”) compared to the first quarter of 2018. “We are pleased with our first quarter Show less Read more
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