Unitil (UTL) AI Stock Analysis

• Market Cap: $881.80M
• Dividend Yield: 3.57%
• Average Volume (3M): 118.27K
• Price to Earnings (P/E): 16.8
• Beta (1Y): 0.15
• Revenue Growth: -2.78%
• EPS Growth: -3.07%
• Country: US
• Employees: 565
• Sector: Utilities
• Sector Strength: 65
• Industry: Diversified Utilities
• EPS (TTM): 0.29
• Shares Outstanding: 17,685,564
• 10 Day Avg. Volume: 84,360
• 30 Day Avg. Volume: 118,266
• 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: 1.88
• Enterprise Value/Revenue: 3.35
• Enterprise Value/Gross Profit: 8.00
• Enterprise Value/Ebitda: 9.08
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 68 Neutral
• Price Target: $52.00 ▲(4.08% Upside)

Unitil's overall stock score reflects strong earnings call performance and a fair valuation, but is tempered by financial performance concerns, particularly recent profitability challenges. Technical analysis indicates mixed signals, with short-term bullish momentum but longer-term bearish trends.

Unitil Business Overview & Revenue Model

Company Description

Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through three segments: Utility Electric Operations, Utility Gas Operations, and Non-Regulated. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area, as well as the greater Fitchburg area of north central Massachusetts. It also operates 86 miles of interstate underground natural gas transmission pipeline that provides interstate natural gas pipeline access and transportation services primarily in Maine and New Hampshire. In addition, the company provides energy brokering and advisory services to commercial and industrial customers; and real estate management services. It serves approximately 107,700 electric customers and 86,600 natural gas customers. Unitil Corporation was incorporated in 1984 and is headquartered in Hampton, New Hampshire.

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: Positive
• Last Price: 49.96
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UTL, the sentiment is Positive. The current price of 49.96 is above the 20-day moving average (MA) of 47.87, above the 50-day MA of 47.06, and below the 200-day MA of 51.98, indicating a neutral trend. The MACD of 0.72 indicates Negative momentum. The RSI at 67.57 is Neutral, neither overbought nor oversold. The STOCH value of 91.32 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UTL.

Unitil Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
NWE	77 Outperform	$3.75B	16.64	7.93%	4.27%	3.78%	7.48%
OTTR	71 Outperform	$3.25B	11.42	17.13%	2.61%	-3.69%	-8.25%
UTL	68 Neutral	$881.80M	16.84	9.04%	3.57%	-2.78%	-3.07%
AVA	68 Neutral	$3.15B	17.43	6.91%	4.98%	2.41%	-9.85%
MGEE	68 Neutral	$3.14B	23.85	10.75%	2.10%	8.47%	12.76%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
HE	50 Neutral	$2.06B	―	-1.53%	―	-11.75%	96.86%

Unitil Corporate Events

Unitil Corporation Reports Q2 2025 Financial Results

Unitil Corporation is a public utility holding company based in Hampton, New Hampshire, primarily engaged in the local distribution of electricity and gas across New Hampshire, Massachusetts, and Maine. It operates through its subsidiaries, including four wholly-owned distribution utilities and an interstate gas transmission pipeline company.

Unitil’s Earnings Call: Growth Amid Challenges

Unitil’s recent earnings call painted a picture of robust financial health, underscored by notable growth in adjusted net income and earnings per share. The company is making headway in regulatory reviews and acquisitions, which are poised to fuel future expansion. Legislative backing for natural gas further bolsters Unitil’s operational outlook. However, the company faces challenges with rising operating and maintenance expenses, increased depreciation, and an anticipated slight net loss in Q3 2025. Overall, the positive developments slightly outweigh the negatives, offering a cautiously optimistic view.