UTL Reports Record $50.2M Earnings, $3.16 Adj. EPS; Dividend +5.6% to $1.90

Unitil Corporation held its Annual Meeting of Shareholders, presenting a review of its financial and operational performance. The company achieved record earnings of $50.2 million and an adjusted EPS of $3.16, alongside a 5.6% increase in its annualized dividend to $1.90. Strategically, Unitil completed acquisitions of Bangor Natural Gas and Maine Natural Gas, grew its rate base by 17%, and increased its 5-year investment outlook by 20%, with a pending agreement to acquire three water companies. Operationally, Unitil maintained top-quartile electric reliability and best-in-class gas emergency response, demonstrating strong customer and employee satisfaction.