Unitil reports first quarter earnings

Hampton, n.h., may 04, 2021 (globe newswire) -- unitil corporation (the “company”) (nyse: utl) (www.unitil.com) today announced net income of $18.9 million, or $1.26 in earnings per share (eps), for the first quarter of 2021, an increase of $3.7 million in net income, or $0.24 per share, compared to the first quarter of 2020. the company's earnings in 2021 reflect higher gas and electric adjusted gross margins (a non-gaap measure). the company's gaap gas and electric gross margins for the first quarter of 2021 were $39.6 million and $17.2 million, respectively.
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