Unitil (UTL) AI Stock Analysis

• Market Cap: $800.27M
• Dividend Yield: 3.61%
• Average Volume (3M): 65.01K
• Price to Earnings (P/E): 16.9
• Beta (1Y): 0.23
• Revenue Growth: -2.78%
• EPS Growth: -3.07%
• Country: US
• Employees: 565
• Sector: Utilities
• Sector Strength: 87
• Industry: Diversified Utilities
• EPS (TTM): 0.29
• Shares Outstanding: 16,292,210
• 10 Day Avg. Volume: 75,618
• 30 Day Avg. Volume: 65,012
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 2.07
• Enterprise Value/Revenue: 3.35
• Enterprise Value/Gross Profit: 8.00
• Enterprise Value/Ebitda: 9.08
• 1Y Price Target: $52.00
• Price Target Upside: 5.86% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 62 Neutral
• Price Target: $52.00 ▲(5.86% Upside)

Unitil's overall score is driven by strong earnings call performance and strategic acquisitions, which are offset by technical weaknesses and financial performance concerns. The valuation is reasonable, providing some support to the stock.

Unitil Business Overview & Revenue Model

Company Description

Unitil Corporation (UTL) is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers primarily in New England. The company operates through its subsidiaries, offering regulated utility services in New Hampshire, Massachusetts, and Maine. Unitil focuses on delivering reliable energy solutions while also investing in infrastructure improvements and energy efficiency programs to meet the evolving needs of its customers and promote sustainable practices.

How the Company Makes Money

Unitil generates revenue primarily through the sale of electricity and natural gas. Its revenue model is based on a regulated utility model, where the company earns income by charging customers for energy consumption and is compensated for the delivery of this energy through established rates approved by state regulatory agencies. Key revenue streams include residential and commercial utility rates, as well as additional revenue from energy efficiency programs and services. Unitil may also benefit from investments in infrastructure improvements, which can lead to increased operational efficiency and further revenue opportunities. Strategic partnerships with local governments and energy organizations may also enhance its service offerings and contribute to its earnings.

Unitil Financial Statement Overview

Summary

Unitil shows strong operational cash flows and a stable balance sheet, but recent income statement challenges, including zero net income and negative EBITDA, indicate potential risks. Continued investment is evident, but profitability needs improvement.

Income Statement

The income statement shows a declining revenue trend, with a notable dip in 2023. Gross profit margin was approximately 32.83% in 2023, indicating strong cost control. However, net income dropped to zero in 2024, raising concerns about profitability. Previously, EBIT and EBITDA margins were around 15.63% and 28.85% in 2023 respectively, showing efficient operations, but the recent zero EBIT and negative EBITDA indicate financial struggles.

Balance Sheet

The balance sheet reveals a moderate debt-to-equity ratio of 1.39 in 2023, suggesting some financial leverage but manageable levels. The equity ratio was 29.29%, indicating a stable asset base. However, the absence of data for 2024 limits a comprehensive assessment of recent financial health.

Cash Flow

Cash flow analysis shows a positive operating cash flow trend, with $125.9M in 2024. However, free cash flow remains negative due to high capital expenditures, suggesting heavy investment or expansion. The operating cash flow to net income ratio was robust in prior years, but net income concerns in 2024 need attention.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	493.80M	494.80M	557.10M	563.20M	473.30M	418.60M
Gross Profit	206.60M	196.60M	183.00M	169.00M	161.80M	149.80M
EBITDA	182.16M	174.90M	160.70M	143.50M	134.30M	123.30M
Net Income	47.10M	47.10M	45.20M	41.40M	36.10M	32.20M
Balance Sheet
Total Assets	1.89B	1.79B	1.67B	1.59B	1.54B	1.48B
Cash, Cash Equivalents and Short-Term Investments	8.50M	6.30M	6.50M	9.00M	6.50M	6.00M
Total Debt	818.20M	755.80M	681.60M	611.80M	570.10M	586.30M
Total Liabilities	1.36B	1.28B	1.18B	1.12B	1.09B	1.09B
Stockholders Equity	532.80M	512.50M	489.30M	467.60M	448.50M	389.20M
Cash Flow
Free Cash Flow	-42.10M	-44.00M	-34.00M	-24.40M	-7.20M	-46.90M
Operating Cash Flow	143.70M	125.90M	107.00M	97.70M	107.80M	75.70M
Investing Cash Flow	-257.20M	-169.90M	-141.00M	-122.10M	-115.00M	-122.60M
Financing Cash Flow	119.20M	43.80M	31.50M	26.90M	7.70M	47.70M

Unitil Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 49.12
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UTL, the sentiment is Negative. The current price of 49.12 is below the 20-day moving average (MA) of 50.46, below the 50-day MA of 51.26, and below the 200-day MA of 54.13, indicating a bearish trend. The MACD of -0.60 indicates Positive momentum. The RSI at 41.70 is Neutral, neither overbought nor oversold. The STOCH value of 29.60 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UTL.

Unitil Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
OTTR	77 Outperform	$3.44B	12.08	17.13%	2.38%	-3.69%	-8.25%
NWE	74 Outperform	$3.42B	15.15	7.93%	4.68%	3.78%	7.48%
AVA	72 Outperform	$3.04B	16.82	6.91%	5.15%	2.41%	-9.85%
MGEE	69 Neutral	$3.11B	23.63	10.75%	2.13%	8.47%	12.76%
Sector *	67 Neutral	$17.91B	18.75	8.12%	3.40%	7.32%	12.41%
UTL	62 Neutral	$800.27M	16.86	9.04%	3.61%	-2.78%	-3.07%
HE	50 Neutral	$1.96B	―	-1.53%	―	-11.75%	96.86%

Unitil Corporate Events

Unitil’s Subsidiary Secures $32M Note Purchase Agreement

On July 8, 2025, Bangor Natural Gas Company, a subsidiary of Unitil Corporation, entered into a Note Purchase Agreement with CoBank, ACB, and United of Omaha Life Insurance Company. This agreement involved issuing $32 million in Senior Unsecured Notes, with the proceeds intended to refinance existing debt and support general corporate purposes. The offering was made to institutional investors under an exemption from registration requirements, and the notes are not registered under the Securities Act of 1933. This move is part of Bangor’s strategy to manage its financial obligations and support its corporate objectives.

The most recent analyst rating on (UTL) stock is a Hold with a $59.00 price target. To see the full list of analyst forecasts on Unitil stock, see the UTL Stock Forecast page.

Unitil Enters $50 Million Stock Distribution Agreement

On June 3, 2025, Unitil Corporation entered into a Distribution Agreement with Janney Montgomery Scott LLC and Scotia Capital (USA) Inc. to sell up to $50 million of its common stock through various methods, including at-the-market offerings. This agreement allows Unitil to strategically manage its capital needs and funding sources, potentially impacting its financial operations and market positioning. The company may also engage in forward stock purchase transactions, although it is not obligated to make any sales under this agreement. The arrangement provides flexibility in managing its stock sales and funding, which could influence its stakeholder engagements and future growth strategies.

The most recent analyst rating on (UTL) stock is a Hold with a $59.00 price target. To see the full list of analyst forecasts on Unitil stock, see the UTL Stock Forecast page.