Unitil reports year-end earnings

Hampton, n.h., feb. 10, 2025 (globe newswire) -- unitil corporation (nyse: utl) (unitil.com) today announced gaap net income of $47.1 million, or $2.93 in earnings per share (eps), for the year ended december 31, 2024, an increase of $1.9 million in net income, or $0.11 in eps, compared to 2023. the company's adjusted net income (a non-gaap financial measure1) was $47.8 million, or $2.97 in eps for the year ended december 31, 2024, an increase of $2.6 million, or $0.15 in eps, compared to 2023. adjusted net income (a non-gaap financial measure1) excludes costs associated with the company's acquisition of bangor natural gas company. the company's earnings in 2024 reflect higher rates and continued customer growth.
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