Unitil Corporation Elects New Directors and Approves Key Resolutions
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 29 2026
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Source: Newsfilter
- Board Elections: At the Annual Meeting, Unitil Corporation elected Neveen F. Awad, Winfield S. Brown, and Mark H. Collin to the Board for three-year terms, enhancing governance and ensuring diverse expertise in future decision-making.
- Auditor Ratification: Shareholders ratified Deloitte & Touche, LLP as the independent registered public accountants for 2026, reflecting a commitment to financial transparency and compliance, which is likely to bolster investor confidence.
- Compensation Vote Approval: A significant 96% of shareholders approved the advisory vote on executive compensation, indicating strong support for management's pay policies and strengthening trust between the company and its investors.
- Strategic Highlights: CEO Thomas P. Meissner presented key acquisitions and long-term sustainable value strategies for 2025, showcasing the company's potential for market expansion and future growth in the New England region.
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About UTL
Unitil Corporation is a public utility holding company. The Company's principal business is the local distribution of electricity and natural gas throughout its service territories in the states of New Hampshire, Massachusetts, and Maine. Its segments include utility electric operations and utility gas operations. The Company's electric distribution operations are conducted through two of the Company's utilities, Unitil Energy, and Fitchburg. Unitil Energy's service territory consists of approximately 408 square miles. Unitil Energy's service territory encompasses retail and recreation centers for the central and southeastern parts of the state and includes the Hampton Beach recreational area. Fitchburg is engaged in the distribution of both electricity and natural gas in the greater Fitchburg area of north central Massachusetts. The Company's natural gas operations include gas distribution utility operations and interstate gas transmission pipeline operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Unitil Reports Q1 2026 Earnings with Strong Revenue Beat
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- Revenue Beat: The company reported revenues of $216.9 million for the first quarter, surpassing the anticipated $178.49 million, reflecting strong demand in the electricity market and effective cost control strategies.
- Margin Improvement: The electric adjusted gross margin reached $29.6 million, an increase of $2.1 million compared to Q1 2025, primarily driven by a $2.8 million rise in rates, showcasing successful cost management and pricing strategies.
- One-Time Revenue Impact: Despite a one-time reduction of $0.7 million in FERC transmission revenue, the overall financial performance remains robust, demonstrating the company's resilience and adaptability in the face of challenges.
See More
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- Net Income Growth: Unitil Corporation reported a net income of $33.2 million for Q1 2026, translating to $1.85 in earnings per share, which is an increase of $5.7 million compared to Q1 2025, demonstrating the company's success in operational efficiency and strategic execution.
- Adjusted Net Income Performance: The adjusted net income stood at $33.8 million, or $1.88 per share, reflecting a $5.4 million increase from the previous year, showcasing the effectiveness of the company's acquisition integrations and boosting investor confidence.
- Electric and Gas Margin Improvement: Electric gross margin reached $21.3 million, up $1.7 million year-over-year, while gas gross margin hit $67.1 million, an increase of $10 million, primarily driven by customer growth and higher rates, indicating the company's competitive strength in the market.
- Consistent Dividend Payments: The Unitil Board declared a quarterly dividend of $0.475 per share, resulting in an annualized dividend rate of $1.90, reflecting the company's commitment to returning value to shareholders and enhancing market expectations of its stability.
See More
UNITIL REPORTS Q1 NET INCOME OF $33.2 MILLION
- Financial Performance: UNITIL reported a net income of USD 33.2 million for the first quarter.
- Comparison to Previous Period: This figure reflects a change in financial performance compared to the same period last year.
See More
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Market Overview: The U.S. dollar is trading at 1.85 against the Euro, indicating a strong dollar performance in the foreign exchange market.
Economic Indicators: Recent economic data suggests a stable economic environment, contributing to the dollar's strength.
Investor Sentiment: Investors are showing confidence in the U.S. economy, which is reflected in the currency's value.
Future Projections: Analysts predict that the dollar may continue to strengthen if economic conditions remain favorable.
See More
Unitil Corporation Elects New Directors and Approves Key Resolutions
- Board Elections: At the Annual Meeting, Unitil Corporation elected Neveen F. Awad, Winfield S. Brown, and Mark H. Collin to the Board for three-year terms, enhancing governance and ensuring diverse expertise in future decision-making.
- Auditor Ratification: Shareholders ratified Deloitte & Touche, LLP as the independent registered public accountants for 2026, reflecting a commitment to financial transparency and compliance, which is likely to bolster investor confidence.
- Compensation Vote Approval: A significant 96% of shareholders approved the advisory vote on executive compensation, indicating strong support for management's pay policies and strengthening trust between the company and its investors.
- Strategic Highlights: CEO Thomas P. Meissner presented key acquisitions and long-term sustainable value strategies for 2025, showcasing the company's potential for market expansion and future growth in the New England region.
See More
Unitil Corporation Schedules Q1 2026 Earnings Release and Conference Call
- Earnings Release Schedule: Unitil Corporation is set to release its Q1 2026 earnings after market close on May 4, 2026, reflecting the company's latest performance in electricity and natural gas services.
- Conference Call Timing: The company will host a conference call on May 5, 2026, at 2:00 p.m. (ET) to review quarterly results, which is expected to attract significant attention from investors and analysts.
- Investor Materials Access: Related presentation materials will be made available on the company's investor page prior to the call, ensuring participants can familiarize themselves with financial data and corporate strategies ahead of time.
- Webcast and Archive: The conference call will be broadcast live in listen-only mode and will be archived on the company's website for one year, allowing investors who cannot attend live to access the information later.
See More
Unitil Reports Q1 2026 Earnings with Strong Revenue Beat
- Earnings Performance: Unitil's Q1 2026 non-GAAP EPS of $1.88 exceeds expectations, indicating a sustained enhancement in profitability that is likely to positively influence stock price.
- Revenue Beat: The company reported revenues of $216.9 million for the first quarter, surpassing the anticipated $178.49 million, reflecting strong demand in the electricity market and effective cost control strategies.
- Margin Improvement: The electric adjusted gross margin reached $29.6 million, an increase of $2.1 million compared to Q1 2025, primarily driven by a $2.8 million rise in rates, showcasing successful cost management and pricing strategies.
- One-Time Revenue Impact: Despite a one-time reduction of $0.7 million in FERC transmission revenue, the overall financial performance remains robust, demonstrating the company's resilience and adaptability in the face of challenges.
See More
Unitil Reports Significant Net Income Growth in Q1
- Net Income Growth: Unitil Corporation reported a net income of $33.2 million for Q1 2026, translating to $1.85 in earnings per share, which is an increase of $5.7 million compared to Q1 2025, demonstrating the company's success in operational efficiency and strategic execution.
- Adjusted Net Income Performance: The adjusted net income stood at $33.8 million, or $1.88 per share, reflecting a $5.4 million increase from the previous year, showcasing the effectiveness of the company's acquisition integrations and boosting investor confidence.
- Electric and Gas Margin Improvement: Electric gross margin reached $21.3 million, up $1.7 million year-over-year, while gas gross margin hit $67.1 million, an increase of $10 million, primarily driven by customer growth and higher rates, indicating the company's competitive strength in the market.
- Consistent Dividend Payments: The Unitil Board declared a quarterly dividend of $0.475 per share, resulting in an annualized dividend rate of $1.90, reflecting the company's commitment to returning value to shareholders and enhancing market expectations of its stability.
See More
UNITIL REPORTS Q1 NET INCOME OF $33.2 MILLION
- Financial Performance: UNITIL reported a net income of USD 33.2 million for the first quarter.
- Comparison to Previous Period: This figure reflects a change in financial performance compared to the same period last year.
See More
UNITIL Reports Q1 Earnings Per Share of USD 1.85
Market Overview: The U.S. dollar is trading at 1.85 against the Euro, indicating a strong dollar performance in the foreign exchange market.
Economic Indicators: Recent economic data suggests a stable economic environment, contributing to the dollar's strength.
Investor Sentiment: Investors are showing confidence in the U.S. economy, which is reflected in the currency's value.
Future Projections: Analysts predict that the dollar may continue to strengthen if economic conditions remain favorable.
See More
Unitil Corporation Elects New Directors and Approves Key Resolutions
- Board Elections: At the Annual Meeting, Unitil Corporation elected Neveen F. Awad, Winfield S. Brown, and Mark H. Collin to the Board for three-year terms, enhancing governance and ensuring diverse expertise in future decision-making.
- Auditor Ratification: Shareholders ratified Deloitte & Touche, LLP as the independent registered public accountants for 2026, reflecting a commitment to financial transparency and compliance, which is likely to bolster investor confidence.
- Compensation Vote Approval: A significant 96% of shareholders approved the advisory vote on executive compensation, indicating strong support for management's pay policies and strengthening trust between the company and its investors.
- Strategic Highlights: CEO Thomas P. Meissner presented key acquisitions and long-term sustainable value strategies for 2025, showcasing the company's potential for market expansion and future growth in the New England region.
See More
Unitil Corporation Schedules Q1 2026 Earnings Release and Conference Call
- Earnings Release Schedule: Unitil Corporation is set to release its Q1 2026 earnings after market close on May 4, 2026, reflecting the company's latest performance in electricity and natural gas services.
- Conference Call Timing: The company will host a conference call on May 5, 2026, at 2:00 p.m. (ET) to review quarterly results, which is expected to attract significant attention from investors and analysts.
- Investor Materials Access: Related presentation materials will be made available on the company's investor page prior to the call, ensuring participants can familiarize themselves with financial data and corporate strategies ahead of time.
- Webcast and Archive: The conference call will be broadcast live in listen-only mode and will be archived on the company's website for one year, allowing investors who cannot attend live to access the information later.
See More
