Unitil Q2 net income rises on higher rates, customer growth

Unitil

03/08/2026 21:51

Overview
US regulated utility's Q2 net income and adjusted EPS both rose yr/yr
Adjusted net income rose, driven by higher rates and customer growth
Company completed acquisition of Aquarion New Hampshire water companies, expanding regulated utility portfolio

Outlook
Unitil did not provide specific financial guidance for the current or future periods in the press release

Result Drivers
HIGHER RATES AND CUSTOMER GROWTH - Co said increases in electric and gas gross margins were driven by higher rates and customer growth
MAINE NATURAL ACQUISITION - Co said results included contributions to revenue and expenses from Maine Natural acquisition
INCREASED UTILITY OPERATING COSTS - Co said operation and maintenance expenses rose due to higher utility operating costs and labor

Company press release: ID:nGNXytqQN

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$0.26
 
Q2 Net Income
 
$4.70 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "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 $55.00, about 2% above its July 31 closing price of $53.94
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)