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Unitil ( (UTL) ) has shared an announcement.
On January 29, 2025, Unitil Corporation amended its credit agreement, increasing its borrowing limit to $275 million and extending its term to September 2028. This change strengthens Unitil’s financial flexibility and relationships with key lenders like Bank of America and TD Bank. Additionally, on January 31, 2025, Unitil completed the acquisition of Bangor Natural Gas Company for $70.9 million, expanding its customer base in Maine by approximately 8,500 customers. This acquisition enhances Unitil’s market presence and service capabilities, aligning with its strategic growth objectives.
More about Unitil
Unitil Corporation is a public utility holding company that provides electricity and natural gas services in New England, specifically in Maine, New Hampshire, and Massachusetts. Unitil is committed to delivering dependable and efficient energy, serving around 109,400 electric customers and 97,600 natural gas customers.
YTD Price Performance: 0.88%
Average Trading Volume: 64,623
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $876.8M
For an in-depth examination of UTL stock, go to TipRanks’ Stock Analysis page.
