you, Tom. begin Good Slide on everyone. Thank I'll morning, six.
we quarter today, mentioned, Tom As $X.XX. earnings announced of per share second
of For earnings $X.X the margins, lower XXXX. and the higher $X.XX partially income operational maintenance per the the compared year, expense, increased share in offset or share, by to first growth six This expenses. other period net months of same million is per result higher operating sales
XXXX the temporary refers quarter to first case rate related case are affected results to of amounts and in which $X.X the to recruitment award. whereby of orders, effective New As date half the approximately Recoupment company's rate practice positively rate regulatory included awards permanent the margin a second Hampshire, recognition million. back the reconciled the by for reminder, Hampshire
$X.XX provided approximately first by the share. and structures New revenue XXXX, have Through six earnings decoupled months and supported of Hampshire our in per stability, Massachusetts rate
Our XXXX of And this results provided with this consistent be of are the also the XXXX earnings year. for with will results that share first quarterly per the expect we chart consistent for half we earlier distribution chart. the remainder
by Turning months period increase to our as adjusted an partially discuss unit and for compared in reflects increase XX for than XXXX. higher to residential Electric average million normal down gross and margin customer million winter ended both This $X.X the result sales $XX.X of operations. classes, corresponding and customer growth. Electric industrial our were distribution warmer in six weather of margin commercial a usage June Slide growth. rates the XXXX, and offset electric seven, gross with lower I electric electric margins. will was will I gas adjusted start
are distribution $X.XX. we first decoupled, support revenues revenue electric eliminates dependency estimate margin on electricity volume XXXX, which decoupling sales. distribution of by electric the of company's revenue six substantially the The of the months Through
few most electric conversion largely was last in lower approximately included that As meter systems meters energy a and due we in meter the this historical mass XXX distribution commercial the line trends case was replaced slightly meters. recent year-over-year, effectively a call, with no mentioned during growth Unitil had residential on historical settlement, effect was customer rate electric growth meter growth only conversion with than rate. revenue. Absent This conversion, to
of our were for million to ended customer period same gas in same of six XXXX. and approximately service increase the six to in adjusted operations, first to months average, the offset margin This an $XX.X data partially gas compared Moving the fewer effects compared weather was XX XXXX dollars by winter of months margin million there X% period Based on areas, the in gas higher XXXX, June unfavorable in reflects our area. growth, gross the rates increase $X on in the gas days effective service collected Maine weather warmer XXXX. company's degree in
our in the weather normalized service XXXX. Maine, X.X% corresponding only of In sales in compared increased to six period non-decoupled the area first XXXX months
gas gas customers added revenue have $X.XX new period we estimate by margin per XXXX. XXX approximately same to compared in first share. of decoupling the that We Through the approximately supported months six XXXX,
the On we Slide X, year-to-date period bridge to comparing provided XXXX same an XXXX. in earnings results
winter in resulting combined adjusted gross partially of from by weather. first warmer growth, distribution $X.X primarily million, increased customer half the XXXX, higher offset rates margin For
orders, recognition XX related a million. XXXX, approximately company's the which As affected recruitment the amounts of ended results $X.X rate by reminder, months positively the New June the included to case margin for six Hampshire
and utility costs. to levels by labor fees lower by other costs. primarily costs, of partially million, expense and maintenance deferred service higher and expenses retirement amortization benefits, operating reflect largely planning service, rate Operation lower lower of labor due utility million, and amortization costs increased The $X.X restricted costs professional decreased lower stock reflecting $X case compensation expense. higher Depreciation and higher and costs offset
higher higher service interest borrowings, term partially increased higher higher million, million, to on expenses taxes. income and regulatory than by increased term expense taxes planning Interest $X.X Other million $X.X assets. Taxes and on taxes lower higher utility due decreased costs. reflecting offset other expense income expense by to due interest payroll interest on lower on $X.X property short retirement largely long benefit by debt
higher increased accumulated as the and rate taxes income New first of flow lastly, deferred million, in XXXX, XXXX the case taxes result excess Hampshire of Electric income earnings back half a Gas pretax of And higher as orders. in well reflecting as company's $X.X
the would base expected Slide on rate includes Maine revenue an approximately provide filed XXXX. case Northern rate request a of is equity to based Moving approximately which a division of reflecting adjustment, The progressing XX.XX%. proceeding, XX% and X, proposed like to $XXX layer utilities of deficiency base million, ended as update of return looks which an May, million we January on our $XX.X year rate I to In rate attrition planned. an filing equity
to was including address company's balances July, technical We the testimony in believe An with needs conferences Technical customers both scheduled investors. June application stakeholders, were filed and intervening pre held August. in the sessions all in rate of the more filed testimony.
next updates our additional provide during earnings will We call.
Slide XX. to Turning
We base rate Maine, on cases electric are proceeding earnings file notices our and rate cases both Fitchburg currently gas were filings XX preparing for the August. expect rate filed updates this our during to face divisions. June we and we regarding to next rate intent of The additional XXXX Similar Fitchburg the will in call. provide
consistent strong to XXXX to in investment with XXXX plan. capital spending XXXX. $XX.X Slide compared Moving investment and capital XX, The million remains capital is as level outlook our increased by has our spending
rate our within growth labor X.X%. growth we three years, of been mention contract base recently is past to which developer. X.X% anticipated approximately the supply is also project Solar expected, constraints, rate has chain run the want our to that shortages finalized and the with Over the Kingston site as long progressing X.X% rate base despite and I
credit issued to support of were of sheet XX, and our short In million this Turning borrowings remains purposes. debt notes corporate credit electric for balance to to The other our proceeds our at offering July, unsecured Fitchburg used metrics subsidiary. continue gas investment ratings. term and general we grade and senior strong $XX refinance slide
power. find on capital work purchase We to construction requirements, primarily working rely credit progress such as facility in our and
credit we allowance facility borrowing and earn term generated by rate a collected Although interest are expense, regulatory many offsets have resulting regulatory construction, short short have of for rate. income used prime term funds from or assets several mechanisms, increased, for interest our various borrowings during under which under interest including the the
turn Tom. over now back call I'll the to
