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Unitil Corp
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May 2024 Financial And Strategic Update
| Thomas P. Meissner | Page 5 of 11 |
May 20, 2024
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"May 2024 Financial And Strategic Update"
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Net Income of $27.2 million in the first quarter, or $1.69 per share • Net Income increase of $3.1 million, or $0.18 per share, relative to the first quarter of 2023 • Earnings growth reflects higher Electric and Gas Adjusted Gross Margins, partially offset by higher operating expenses • Warmer weather in the quarter affected earnings by approximately ($0.02) relative to the prior year and approximately ($0.10) relative to normal weather conditions First Quarter 2024 Financial Results Net Income and Earnings Per Share Three Months Ended March 31 2024 2023 Net Income ($ millions) $27.2 $24.1 Earnings Per Share $1.69 $1.51