UTL News & Events

Unitil announced that its board of directors raised the quarterly dividend on the company's common stock to 47.5c per share, an increase of 2.5c per share. The dividend is payable February 27 to shareholders of record on February 12.

The deal priced below last closing price of $49.12. Wells Fargo and Scotiabank are acting as joint book running managers for the offering.

Unitil Corporation announced a registered offering of $65M of shares of its common stock. The company intends to use the net proceeds from the offering to (i) make equity capital contributions to its regulated utility subsidiaries, (ii) to repay indebtedness outstanding under its Second Amendment to Third Amended and Restated Credit Agreement dated January 29, 2025 among the company, Bank of America, and the lenders named therein and (iii) for general corporate purposes. Wells Fargo Securities and Scotia Capital are acting as active bookrunners for the offering. Janney Montgomery Scott is acting as bookrunner for the offering.

Reports Q1 revenue $170.8M, consensus $193.03M. "We are pleased with our strong operational and financial performance in the first quarter, which reflects the strength in our core utility businesses and our focus on advancing our strategic initiatives," said Thomas Meissner, Jr., Unitil's Chairman and Chief Executive Officer. "We continue to deliver on our commitments to create long-term sustainable value through our recent acquisitions, steady progress on regulatory initiatives, exceptional customer service, and providing safe, reliable, and affordable energy to customers."