Unitil reports Q1 EPS 91c, consensus 84c Reports Q2 gas revenues $92.6M. Reports Q2 electric revenues $61.9M. Q2 revenue consensus $124.60M. The company said, " The company’s earnings for the first three months of FY14 were driven by increases in natural gas and electric sales and margins. Unitil had an excellent Q1, and our financial results reflect the combination of the colder winter weather in FY14 and the positive impact of steady customer growth."
Unitil upgraded to Buy from Neutral at Janney Capital Janney Capital upgraded Unitil to Buy with a price target to $39. The firm said Unitil's Q2 report showed better year-to-date performance across the board and recommends investors add to positions given a favorable forward outlook and execution.