Unitil reports second quarter earnings

Hampton, n.h., aug. 01, 2023 (globe newswire) -- unitil corporation (nyse: utl) (unitil.com) today announced net income of $4.2 million, or $0.25 in earnings per share (eps) for the second quarter of 2023, a decrease of $0.7 million in net income, or $0.05 in eps, compared to the second quarter of 2022. for the six months ended june 30, 2023, the company reported net income of $28.3 million, or $1.76 in eps, an increase of $1.9 million in net income, or $0.11 in eps, compared to the first six months of 2022. the company's electric and gas gaap gross margins for the second quarter of 2023 were $17.8 million and $19.4 million, respectively. for the six months ended june 30, 2023, the company's electric and gas gaap gross margins were $38.0 million and $64.3 million, respectively.
UTL Ratings Summary
UTL Quant Ranking