Unitil Corporation (NYSE:UTL) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET

Company Participants

Todd Diggins - Chief Accounting Officer and Controller
Thomas Meissner - Chairman and CEO
Daniel Hurstak - SVP, CFO and Treasurer

Conference Call Participants

Shelby Tucker - RBC

Operator

Good day, thank you for standing by. Welcome to the Q3 2024 Unitil Earnings Conference call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speaker's presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to your speaker today, Todd Diggins, Chief Accounting Officer and Controller.

Todd Diggins

Good morning, and thank you for joining us to discuss Unitil Corporation's third quarter 2024 financial results. Speaking on the call today will be Tom Meissner, Chairman and Chief Executive Officer, and Dan Herstack, Senior Vice President, Chief Financial Officer and Treasurer. Also with us today is Bob Hebert, President and Chief Administrative Officer.

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 investor 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 Security 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. This 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

Thanks, Todd and good morning, everyone. Thank you for joining us today. Beginning on Slide 3, today we announced breakeven results for the third quarter. Through the first nine months of the year, net income was $31.5 million, or $1.96 per share, representing an increase of $0.11 per share over the same period in 2023. Our results for the quarter were consistent with our expectations, and we remain confident that our full-year earnings will be within our long-term guidance range.