 HAMPTON, N.H., Feb. 02, 2021 GLOBE NEWSWIRE -- Unitil Corporation NYSE: UTL today announced Net Income of 32.2 million, or 2.15 in Earnings Per Share, for the year ended December 31, 2020, a decrease of 12.0 million, or 0.82 per share, compared to 2019. In the first quarter of 2019, the Company recognized a one-time net gain of 9.8 million, or 0.66 per share, on the Companys divestiture of its non-regulated business subsidiary, Usource. The Companys earnings in 2020 reflect higher gas and electric sales margins and higher operating expenses. The Company estimates that warmer than normal weather negatively affected Net Income by approximately 3.1 million, or 0.20 per share, in 2020. Additionally, the Company estimates that the coronavirus pandemic negatively affected Net Income by approximately 1.4 million, or 0.09 per share, in 2020. The Companys GAAP Gas and Electric Gross Margins were 92.8 million and 69.1 million, respectively, for 2020 including the impact on margins of the COVID-19 pandemic. 