Unitil reports third quarter earnings

Hampton, n.h., nov. 04, 2024 (globe newswire) -- unitil corporation (nyse: utl) ( unitil.com ) today announced gaap net income (net income) of $11 thousand, or $0.00 in earnings per share (eps), for the third quarter of 2024, a decrease of $1.4 million in net income, or $0.09 in eps, compared to the third quarter of 2023. the company's net income was $31.5 million, or $1.96 in eps, for the first nine months of 2024, an increase of $1.8 million in net income, or $0.11 in eps, compared to the first nine months of 2023. the company's adjusted net income (a non-gaap financial measure1) was $0.4 million, or $0.02 in eps for the third quarter of 2024, a decrease of $1.0 million, or $0.07 in eps, compared to the third quarter of 2023. the company's adjusted net income (a non-gaap financial measure1) was $32.1 million, or $2.00 in eps, for the first nine months of 2024, an increase of $2.4 million, or $0.15 in eps, compared to the first nine months of 2023. the company's earnings in the first nine months of 2024 reflect higher rates and customer growth.
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