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Unitil Q3 EPS drops 21% YOY

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Unitil Q3 EPS drops 21% YOY

Unitil Corp. on Oct. 24 reported net income of $2.3 million, or 15 cents per share, in the third quarter of 2019, down from $2.8 million, or 19 cents per share, in the prior-year period.

"Our third quarter results reflect milder summer weather in 2019 but we continue to see solid customer growth," Unitil Chairman and CEO Thomas Meissner Jr. said. "We are positioned well to continue this growth for the foreseeable future."

Third-quarter 2019 natural gas sales margin was $18.7 million on revenues of $24.9 million, compared to sales margin of $17.6 million on revenues of $25.7 million in the same quarter of 2018.

The electric sales margin was $25.1 million on revenues of $60.4 million, compared to third-quarter 2018 sales margin of $25.9 million on revenues of $61.4 million.