Increased Adjusted Earnings
The company announced adjusted net income of $0.4 million and adjusted earnings per share of $0.03 for Q3 2025, representing an increase of $0.01 per share compared to Q3 2024.
Successful Acquisitions and Integrations
Unitil successfully integrated Bangor Natural Gas and closed the acquisition of Maine Natural Gas, with plans to file a base rate case in 2027.
Strong Gas Adjusted Gross Margin Growth
Gas adjusted gross margin was $134.7 million for the first 9 months of 2025, an increase of $19.1 million or 16.5% compared to the same period in 2024.
Sustainability Progress
The company is on track to reduce direct greenhouse gas emissions by 50% by 2030 and achieve net-zero by 2050, with excellent safety metrics and customer satisfaction.
Equity Offering and Balance Sheet Strength
A $72 million equity offering was completed, enhancing the balance sheet and fulfilling equity needs for recent acquisitions.
Reaffirmed Earnings Guidance
The company reaffirmed its 2025 earnings guidance range of $3.01 to $3.17 per share.