UTL to acquire Bangor Natural Gas Company for $70.9 million debt-free. Bangor owns 351 miles of pipelines, a strategic addition for UTL in Maine. Global natural gas demand projected to rise with growth opportunities for UTL. Spire, Atmos Energy, and National Fuel Gas also set to benefit from market expansion. UTL's shares rose 5.5% in the past three months.
- Unitil reported quarterly earnings of $1.69 per share, beating estimates and up from $1.51 last year. - Unitil's revenues for the quarter ended March 2024 were $178.7 million, missing estimates. - The stock has underperformed the market this year, with a 1.4% gain. Price Impact Rating: bearish Impact Horizon Rating: short-term Type: Earnings