Unitil Q3 loss widens on higher operating costs

Unitil

Mon 21:40

Overview
New England utility's Q3 net loss widened year-over-year, with EPS down from prior year
Electric and gas gross margins rose on higher rates and customer growth

Outlook
Company did not provide specific financial guidance or outlook for future periods in its press release

Result Drivers
HIGHER RATES AND CUSTOMER GROWTH - Co said electric gross margin increase in Q3 was driven by higher rates and customer growth
HIGHER RATES AND CUSTOMER GROWTH - Co said gas gross margin increase in Q3 was driven by higher rates and customer growth
RISING OPERATING COSTS - Co said Q3 O&M expenses increased due to higher utility operating costs, labor and acquisition costs

Company press release: ID:nGNX3ZRZpv

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Loss Per Share
 
$0.08
 
Q3 Net Loss
 
$1.50 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "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 $54.50, about 1.7% below its October 30 closing price of $55.47
The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 16 three months ago

Reuters Recommended Reads
Nov 2 - Utility holding company PSEG Q3 revenue falls, maintains 2026 guidance
Nov 2 - Entergy Q3 profit beats estimates on retail sales; raises dividend
Nov 2 - ONE Gas Q3 revenue falls short of estimates; lifts adj EPS guidance for 2026

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.)