UNITIL CORP

Unitil Corporation has entered into Amendment No. 3 to its Purchase and Sale Agreement, further extending the termination date for its acquisition of Aquarion Water Company of Massachusetts, Inc., Aquarion Water Company of New Hampshire, Inc., and Abenaki Water Co., Inc. The new termination date is June 30, 2026, an extension from the previous May 25, 2026. This marks the third amendment to the original agreement, which was signed on May 6, 2025, indicating continued delays in closing the acquisition.

Unitil Corporation announced its attendance at the American Gas Association (AGA) Financial Forum from May 17-19, 2026, and posted an investor presentation to its website. The presentation highlights strong financial and operational performance, including record earnings and a dividend increase. It also details strategic acquisitions and a robust capital investment plan, reaffirming long-term growth guidance.

Fitchburg Gas and Electric Light Company, a subsidiary of Unitil Corporation, issued $40 million in senior unsecured notes through a private placement. The notes consist of $23 million of 5.62% Series 2026A notes due 2036 and $17 million of 5.87% Series 2026B notes due 2041. The proceeds from this long-term financing will be used to refinance existing debt and for general corporate purposes.

Unitil reported a net income of $33.2 million, or $1.85 per share, for the first quarter of 2026, an increase of $5.7 million and $0.16 per share year-over-year. Adjusted Net Income rose to $33.8 million, or $1.88 per share. The company saw significant growth in Gas Adjusted Gross Margin, up 15.8% to $82.1 million, driven by higher rates, customer growth, and colder weather, including contributions from the Maine Natural Gas acquisition. Electric Adjusted Gross Margin also increased by 7.6% to $29.6 million.

Unitil Corporation announced strong first-quarter 2026 financial results, with Net Income rising to $33.2 million, or $1.85 per share, an increase of $5.7 million and $0.16 per share, respectively, compared to the prior year. Adjusted Net Income also saw a significant increase to $33.8 million, or $1.88 per share. The positive performance was attributed to higher rates, customer growth, and favorable colder winter weather, alongside strategic acquisitions. The company's Board of Directors also declared a quarterly dividend of $0.475 per share.

Unitil Corporation (UTL) held its Annual Meeting of Shareholders, where Neveen F. Awad, Winfield S. Brown, and Mark H. Collin were elected to the Board of Directors for three-year terms. Shareholders also ratified Deloitte & Touche, LLP as the independent registered public accountants for 2026 and approved the advisory vote on executive compensation with 96% support. CEO Thomas P. Meissner, Jr. presented 2025 highlights and strategies for long-term value creation.

Unitil Corporation's Board of Directors declared a regular quarterly dividend of $0.475 per share. The dividend is payable on May 29, 2026, to shareholders of record as of May 14, 2026. This declaration sets the effective annualized dividend rate at $1.90 per share.

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.

Unitil Corporation announced it will release its first quarter 2026 earnings after market close on May 4, 2026. The company will host a conference call and webcast on May 5, 2026, at 2:00 p.m. ET to discuss the results. Related presentation materials will be accessible on Unitil's Investors page prior to the call.