New England utility Unitil's Q3 revenue beats expectations

Unitil

03/11/2025 21:56

Overview

Unitil Q3 revenue beats analyst expectations, driven by higher rates and customer growth

Adjusted EPS for Q3 beats consensus, reflecting strategic execution and customer growth

Company reports Q3 net loss, with EPS decreasing by $0.02 compared to last year

Outlook

Company did not provide specific future guidance

Result Drivers

HIGHER RATES AND CUSTOMER GROWTH - Electric and gas gross margins increased due to higher rates and customer growth, partially offset by higher depreciation and amortization expenses

ACQUISITIONS - The acquisition of Bangor Natural Gas Company and Maine Natural Gas Company contributed to increased gas revenues and margins

INCREASED O&M EXPENSES - Operation and maintenance expenses rose due to higher utility operating costs and acquisition-related expenses

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$101.10 mln
$100.40 mln (2 Analysts)
Q3 Adjusted EPS
Beat
$0.03
-$0.07 (2 Analysts)
Q3 EPS
-$0.02
Q3 Net Income
-$300,000


Analyst Coverage

The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the multiline utilities peer group is "buy."

Wall Street's median 12-month price target for Unitil Corp is $59.00, about 17.4% above its October 31 closing price of $48.75

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Press Release: ID:nGNX5Cw1tg

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)