Unitil Q2 net income rises on higher rates, customer growth
UTL•Costs rose and no guidance was provided
Unitil said operation and maintenance expenses rose due to higher utility operating costs and labor.
The company did not provide specific financial guidance for the current or future periods in the press release.
Acquisition expands regulated utility portfolio
The company completed its acquisition of Aquarion New Hampshire water companies, expanding its regulated utility portfolio.
The results also included contributions to revenue and expenses from the Maine Natural acquisition.
Q2 results rise on higher rates and customer growth
Unitil's second-quarter net income and adjusted EPS both rose year over year.
Adjusted net income increased, driven by higher rates and customer growth.
