Strong Financial Performance
Unitil announced adjusted net income of $4.7 million and adjusted earnings of $0.29 per share for Q2 2025, up $0.4 million or $0.02 per share from Q2 2024. For the first six months, adjusted net income was $33.1 million or $2.03 per share, an increase of $1.6 million or $0.07 per share from the prior year.
Regulatory Progress on Acquisitions
Regulatory reviews for the Maine natural gas and Aquarion acquisitions are progressing on schedule, with the expectation to close by the end of 2025. The acquisitions are expected to accelerate rate base growth to approximately 10% annually through 2029.
Legislative Support for Natural Gas
Maine passed fuel choice legislation, preserving the right to choose energy systems, including natural gas. This aligns with New Hampshire, supporting natural gas's role in reducing energy costs and emissions.
Successful Utility Projects
Completion of the utility-scale solar project in Kingston, NH, included in the rate base. The advanced metering infrastructure system replacement is on track, with significant progress in Massachusetts.