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Unitil (UTL)
:UTL
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Earnings Data
Report Date
Jan 30, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.95Last Year’s EPS
0.97Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -2.68%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Neutral
Despite breakeven results for Q3 and increased expenses, Unitil showed solid earnings growth year-to-date, significant progress in sustainability, and positive regulatory advancements. The future outlook remains strong with continued commitment to capital investments and employee satisfaction.Company Guidance
During the Q3 2024 earnings call for Unitil Corporation, several key metrics and guidance were discussed. The company reported breakeven results for the third quarter and a net income of $31.5 million or $1.96 per share for the first nine months, reflecting an increase of $0.11 per share from the same period in 2023. They reaffirmed their long-term earnings growth target of 5% to 7%, supported by a rate base growth range of 6.5% to 8.5% and a dividend payout ratio between 55% and 65%. The adjusted net income for the same period was $32.1 million or $2 per share. Electric adjusted gross margin was reported at $81.7 million, with gas adjusted gross margin at $115.6 million, reflecting customer growth and higher distribution rates. The company also highlighted a $910 million projected capital spending through 2028, with additional potential investments in electric sector modernization. The guidance included an uncontested settlement with FERC for Granite State Gas Transmission, allowing for a 30% revenue increase and further capital cost recoveries over the next three years. The company also discussed the ongoing regulatory approval process for acquiring Bangor Natural Gas, expected to close by Q1 2025.Earnings Growth and Performance
Through the first 9 months of the year, net income was $31.5 million or $1.96 per share, representing an increase of $0.11 per share over the same period in 2023. Adjusted net income was $32.1 million or $2 per share.
Regulatory Progress
Granite State Gas Transmission filed an uncontested rate case settlement with FERC, anticipating an annual revenue increase of $3 million, approximately a 30% increase to current revenues.
Sustainability Initiatives
Unitil achieved an 18% reduction in emissions compared to 2019 levels. The Advanced Mobile Leak Detection program is expected to drive significant reductions in Scope 1 Emissions.
Employee Recognition
Unitil was recognized as one of the best companies to work for in New Hampshire.
Capital Spending and Rate Base Growth
Projected capital spending through 2028 totals approximately $910 million with a rate base growth of 7.9% since 2017, outpacing the midpoint of long-run growth guidance of 6.5% to 8.5%.
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UTL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UTL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $56.35 | $56.01 | -0.60% |
| Aug 06, 2024 | $58.55 | $56.55 | -3.42% |
| May 07, 2024 | $52.11 | $52.37 | +0.50% |
| Feb 13, 2024 | $48.37 | $46.68 | -3.49% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Unitil (UTL) report earnings?
Unitil (UTL) is schdueled to report earning on Jan 30, 2025, TBA Not Confirmed.
What is Unitil (UTL) earnings time?
Unitil (UTL) earnings time is at Jan 30, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UTL EPS forecast?
UTL EPS forecast for the fiscal quarter 2024 (Q4) is 0.95.
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