Unitil Reports Second Quarter Earnings
HAMPTON, N.H., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( unitil.com ) today announced Net Income of $4.9 million, or $0.30 in Earnings Per Share (EPS) for the second quarter of 2022, an increase of $2.2 million in Net Income, or $0.12 in EPS, compared to the second quarter of 2021. For the six months ended June 30, 2022, the Company reported Net Income of $26.4 million, or $1.65 per share, an increase of $4.8 million, or $0.21 per share, compared to the same six month period in 2021. The Company’s Electric and Gas GAAP Gross Margins for the second quarter of 2022 were $17.9 million and $19.3 million, respectively. For the six months ended June 30, 2022, the Company’s Electric and Gas GAAP Gross Margins were $35.8 million and $62.8 million, respectively. The Company’s three and six months results, including Electric and Gas GAAP Gross Margins, reflect the effects of recently completed base rate cases in New Hampshire.
Unitil Reports Second Quarter Earnings
HAMPTON, N.H., Aug. 02, 2022 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) ( unitil.com ) today announced Net Income of $4.9 million, or $0.30 in Earnings Per Share (EPS) for the second quarter of 2022, an increase of $2.2 million in Net Income, or $0.12 in EPS, compared to the second quarter of 2021. For the six months ended June 30, 2022, the Company reported Net Income of $26.4 million, or $1.65 per share, an increase of $4.8 million, or $0.21 per share, compared to the same six month period in 2021. The Company’s Electric and Gas GAAP Gross Margins for the second quarter of 2022 were $17.9 million and $19.3 million, respectively. For the six months ended June 30, 2022, the Company’s Electric and Gas GAAP Gross Margins were $35.8 million and $62.8 million, respectively. The Company’s three and six months results, including Electric and Gas GAAP Gross Margins, reflect the effects of recently completed base rate cases in New Hampshire.