Utility firm Unitil's Q2 adjusted net income rises

Unitil

04/08/2025 22:06

Overview

Unitil Q2 net income decreases $0.3 mln, EPS down $0.02 yr/yr

Adjusted net income for Q2 rises, excluding acquisition transaction costs

Electric and gas adjusted gross margins increase, driven by higher rates

Result Drivers

HIGHER RATES - Increased electric and gas adjusted gross margins driven by higher rates and customer growth

COLDER WEATHER - Favorable effects of colder winter weather boosted gas sales

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
$0.25
Q2 Net Income
$4 mln


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 $60.00, about 13.6% above its August 1 closing price of $51.81

The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release: ID:nGNX1Hbdkt

(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.)