Unitil Reports Year-End Earnings
“As we head into 2024, we remain focused on the issues that matter most — safety, reliability, affordability and financial discipline.
- “As we head into 2024, we remain focused on the issues that matter most — safety, reliability, affordability and financial discipline.
- The increase was driven by higher rates and customer growth of $5.3 million, partially offset by higher depreciation and amortization expense of $0.6 million.
- Electric Adjusted Gross Margin (a non-GAAP financial measure1) was $104.1 million in 2023, an increase of $5.3 million compared with 2022.
- The Company’s earnings are seasonal and are typically higher in the first and fourth quarters when customers use natural gas for heating purposes.