Unitil Corp (UTL)
NYSE:UTL
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Earnings Data
Report Date
Aug 04, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.25Last Year’s EPS
0.29Same Quarter Last Year
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call was largely constructive: core operating metrics improved (adjusted EPS +8%, combined margins +$13.3M), key regulatory outcomes were favorable (NH electric rate case), and the company successfully integrated acquisitions that materially increased rate base and customer count. Management reaffirmed 2026 guidance and long-term growth targets and increased the dividend. Negatives are largely manageable: a modest FERC-related charge (~$0.9M), higher near-term operating and financing costs related to recent acquisitions, a temporary-rate settlement slightly below the initial request, and regulatory uncertainty around the pending Aquarion transaction (notably potential Massachusetts conditions). Overall, positives significantly outweigh the negatives.Company Guidance
Adjusted Earnings Growth
First quarter 2026 adjusted net income of $33.8 million and adjusted EPS of $1.88, up $0.14 per share (approximately 8%) versus Q1 2025. Company reaffirmed 2026 guidance of $3.20 to $3.36 per share (midpoint $3.28) and reiterated long-term earnings growth target of 5% to 7%. Midpoint of 2026 guidance represents ~6.1% growth versus the midpoint of 2025 guidance.
Strong Electric and Gas Margin Performance
Electric adjusted gross margin of $29.6 million (increase of $2.1 million YoY) and gas adjusted gross margin of $82.1 million (increase of $11.2 million YoY). Combined electric and gas adjusted gross margin rose by $13.3 million, driven by higher rates, customer growth and colder winter weather.
Acquisitions Integrated and Earnings Contribution
Integration of Bangor Natural Gas completed last year and Maine Natural Gas integration substantially complete. Bangor contributed $5.1 million and Maine contributed $6.1 million to adjusted gross gas margin in the quarter. Combined these acquisitions produced approximately $4.1 million of incremental net income before short-term financing costs. The company added ~7,100 new gas customers year-over-year, including ~6,400 from the Maine Natural Gas acquisition.
Regulatory Win — New Hampshire Electric Rate Case
New Hampshire Public Utilities Commission approved the settlement in full: a $13 million base rate increase based on a $289 million pro forma rate base, authorized ROE of 9.45% (up from 9.2%) and an equity layer of 52.7% (from 52%). Permanent rates exceed temporary awards, resulting in an expected ~$1.7 million pretax gain in Q2. Settlement includes a multiyear rate plan with a pending $3.2 million step adjustment effective Sept. 1, 2026.
Rate Base and Capital Growth
Rate base increased 17% year-over-year following the two Maine gas acquisitions. The updated 5-year capital investment plan through 2030 is ~$1.2 billion, a 20% increase ($200 million) versus the prior plan. Average rate base growth was 8.1% over the past five years, near the upper end of the company's long-term guidance (6.5%–8.5%).
Prudent Balance Sheet and Funding Capacity
Executed $40 million senior notes issuance at Fitchburg to repay short-term debt. The company has ~ $160 million of capacity on its revolving credit facility and $48.5 million available under its ATM program. Committed debt financing is in place for the pending Aquarion acquisition, supporting planned funding options (ATM proceeds and senior notes).
Dividend Increase
Annualized dividend for 2026 set at $1.90 per share, representing a 5.6% increase versus 2025 and maintaining a target payout ratio of 55%–65%.
UTL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
UTL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 04, 2026 | $51.98 | $49.94 | -3.93% |
Feb 09, 2026 | $49.84 | $50.05 | +0.43% |
Nov 03, 2025 | $47.74 | $47.39 | -0.73% |
Aug 04, 2025 | $50.23 | $47.22 | -6.01% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Unitil Corp (UTL) report earnings?
Unitil Corp (UTL) is schdueled to report earning on Aug 04, 2026, Before Open (Confirmed).
What is Unitil Corp (UTL) earnings time?
Unitil Corp (UTL) earnings time is at Aug 04, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UTL EPS forecast?
UTL EPS forecast for the fiscal quarter 2026 (Q2) is 0.25.