Unitil Corporation (NYSE:UTL) Q2 2024 Earnings Conference Call August 6, 2024 2:00 PM ET
Company Participants
Christopher Goulding - Vice President of Finance and Regulatory Services
Thomas Meissner - CEO
Daniel Hurstak - Senior Vice President, CFO & Treasurer
Operator
Good day and thank you for standing by. Welcome to the Second Quarter 2024 Unitil Earnings Conference Call. At this time, all participants are in listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your first speaker, Christopher Goulding, Vice President of Finance and Regulatory Services. Please go ahead.
Christopher Goulding
[Technical Difficulty] Chief Executive Officer; and Dan Hurstak, Senior Vice President, Chief Financial Officer and Treasurer. Also with us today are Bob Hevert, President and Chief Administrative Officer; and Todd Diggins, Chief Accounting Officer and Controller.
We will discuss financial and other information on this call. As we mentioned in the press release announcing today's call, we have posted information, including a presentation to the Investors section of our website at unitil.com. We will refer to that information during this call.
Moving to Slide 2. The comments made today about future operating results or events are forward-looking statements under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements inherently involve risks and uncertainties that can cause actual results to differ materially from those predicted. Statements made on this call should be considered together with cautionary statements and other information contained in our most recent annual report on Form 10-K and other documents we have filed with or furnished to the Securities and Exchange Commission. Forward-looking statements speak only as of today, and we assume no obligation to update them.
The presentation contains non-GAAP financial measures. The accompanying supplemental information more fully describes these non-GAAP financial measures and includes a reconciliation to the nearest GAAP financial measures. The company believes these non-GAAP financial measures are useful in evaluating its performance.
With that, I will now turn the call over to Chairman and CEO, Tom Meissner.
Thomas Meissner
Great. Thanks, Chris. Good afternoon, everyone and thank you for joining us. I'm going to begin on Slide 3, where today, we announced second quarter net income of $4.3 million or $0.27 per share, representing an increase of $0.02 per share over the same period of 2023. Through the first half of the year, net income was $31.5 million or $1.96 per share, representing an increase of $0.20 per share over the same period in 2023. Our results for the quarter were in line with our expectations and we are confident that our full year earnings will be within our long-term guidance range.