Unitil reports third quarter earnings

Hampton, n.h., nov. 07, 2023 (globe newswire) -- unitil corporation (nyse: utl) ( unitil.com ) today announced net income of $1.4 million, or $0.09 in earnings per share (eps) for the third quarter of 2023, an increase of $0.9 million in net income, or $0.06 in eps, compared to the third quarter of 2022. for the nine months ended september 30, 2023, the company reported net income of $29.7 million, or $1.85 in eps, an increase of $2.8 million in net income, or $0.17 in eps, compared to the first nine months of 2022. the company's electric and gas gaap gross margins for the third quarter of 2023 were $22.6 million and $12.3 million, respectively. for the nine months ended september 30, 2023, the company's electric and gas gaap gross margins were $60.6 million and $76.6 million, respectively.
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