Unitil (UTL) AI Stock Analysis

• Market Cap: $873.17M
• Dividend Yield: 3.65%
• Average Volume (3M): 118.27K
• Price to Earnings (P/E): 16.8
• Beta (1Y): 0.16
• Revenue Growth: 1.03%
• EPS Growth: -0.78%
• Country: US
• Employees: 565
• Sector: Utilities
• Sector Strength: 65
• Industry: Diversified Utilities
• EPS (TTM): 0.03
• Shares Outstanding: 17,914,793
• 10 Day Avg. Volume: 84,360
• 30 Day Avg. Volume: 118,266
• PEG Ratio: 4.75
• Price to Book (P/B): 1.70
• Price to Sales (P/S): 1.76
• P/FCF Ratio: -19.83
• Enterprise Value/Market Cap: 1.89
• Enterprise Value/Revenue: 3.29
• Enterprise Value/Gross Profit: 8.69
• Enterprise Value/Ebitda: 8.79
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 69 Neutral
• Price Target: $52.00 ▲(5.48% Upside)

Unitil's overall stock score reflects strong earnings growth and strategic acquisitions, which are offset by high leverage and negative free cash flow. The valuation is reasonable, and the dividend yield is attractive, but technical indicators suggest caution.

Positive Factors

Strategic Acquisitions

These acquisitions enhance Unitil's market position and are expected to support a 10% annual rate base growth through 2029, strengthening long-term revenue potential.

Sustainability Initiatives

Commitment to sustainability and emissions reduction aligns with regulatory trends and customer preferences, potentially enhancing brand value and compliance.

Equity Offering

The equity offering improves financial flexibility and supports funding for acquisitions, reducing reliance on debt and strengthening the balance sheet.

Negative Factors

High Leverage

Significant leverage poses a risk to financial stability, potentially limiting investment capacity and increasing vulnerability to interest rate changes.

Negative Free Cash Flow

Negative free cash flow indicates potential liquidity issues, constraining the company's ability to fund operations and growth initiatives without external financing.

Increased Operational Costs

Rising operational costs can pressure margins and reduce profitability, necessitating efficiency improvements to maintain competitive advantage.

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 solid profitability and operational efficiency with strong margins and stable revenue growth. However, high leverage and negative free cash flow present potential risks, necessitating improved cash flow management and debt reduction.

Income Statement

Unitil's income statement shows a stable revenue growth trajectory with a TTM revenue growth rate of 1.66%. The company maintains healthy profitability with a gross profit margin of 41.84% and a net profit margin of 9.54% for the TTM. EBIT and EBITDA margins are strong at 19.98% and 36.89%, respectively, indicating efficient operations. However, the revenue growth has been inconsistent over the years, with some periods of decline.

Balance Sheet

The balance sheet reflects a high debt-to-equity ratio of 1.54 in the TTM, indicating significant leverage, which could pose a risk if not managed properly. Return on equity is moderate at 9.05%, showing decent profitability relative to equity. The equity ratio stands at 30.71%, suggesting a balanced capital structure but with room for improvement in reducing debt levels.

Cash Flow

Cash flow analysis reveals challenges with negative free cash flow, although there is a positive growth rate of 18.29% in the TTM. The operating cash flow to net income ratio is 0.49, indicating that operating cash flows are not fully covering net income. The negative free cash flow to net income ratio highlights potential liquidity concerns.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	502.00M	494.80M	557.10M	563.20M	473.30M	418.60M
Gross Profit	190.20M	196.60M	183.00M	169.00M	161.80M	149.80M
EBITDA	188.00M	174.90M	160.70M	143.50M	134.30M	123.30M
Net Income	46.80M	47.10M	45.20M	41.40M	36.10M	32.20M
Balance Sheet
Total Assets	1.94B	1.79B	1.67B	1.59B	1.54B	1.52B
Cash, Cash Equivalents and Short-Term Investments	14.60M	6.30M	6.50M	9.00M	6.50M	6.00M
Total Debt	795.30M	755.80M	681.60M	616.10M	570.10M	591.90M
Total Liabilities	1.35B	1.28B	1.18B	1.12B	1.09B	1.13B
Stockholders Equity	597.20M	512.50M	489.30M	467.60M	448.50M	389.20M
Cash Flow
Free Cash Flow	-49.80M	-44.00M	-34.00M	-24.40M	-7.20M	-46.90M
Operating Cash Flow	133.20M	125.90M	107.00M	97.70M	107.80M	75.70M
Investing Cash Flow	-254.40M	-169.90M	-141.00M	-122.10M	-115.00M	-122.60M
Financing Cash Flow	129.50M	43.80M	31.50M	26.90M	7.70M	47.70M

Unitil Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 49.30
• 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 49.3 is above the 20-day moving average (MA) of 48.16, above the 50-day MA of 47.54, and below the 200-day MA of 51.12, indicating a neutral trend. The MACD of 0.25 indicates Negative momentum. The RSI at 62.61 is Neutral, neither overbought nor oversold. The STOCH value of 85.48 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	78 Outperform	$4.10B	18.90	7.62%	4.38%	4.90%	-4.42%
OTTR	72 Outperform	$3.37B	12.12	16.10%	2.61%	-3.18%	-8.62%
UTL	69 Neutral	$873.17M	16.84	8.51%	3.65%	1.03%	-0.78%
AVA	68 Neutral	$3.34B	17.43	7.31%	4.78%	2.14%	-6.51%
MGEE	67 Neutral	$2.99B	22.22	10.80%	2.23%	8.26%	12.47%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
HE	52 Neutral	$1.98B	15.13	7.14%	―	-16.62%	―

Unitil Corporate Events

Unitil Corporation Reports Stable Earnings Amid Customer Growth

Unitil Corporation is a public utility holding company based in Hampton, New Hampshire, primarily engaged in the distribution of electricity and natural gas across New Hampshire, Massachusetts, and Maine. The company operates through its subsidiaries, including Unitil Energy Systems, Fitchburg Gas and Electric Light Company, Northern Utilities, and Bangor Natural Gas Company, serving a substantial customer base in these regions.

Unitil’s Earnings Call: Growth Amidst Rising Costs

Unitil’s recent earnings call presented a generally positive outlook, highlighting significant achievements in acquisitions, earnings growth, and sustainability progress. However, the company also faces challenges with increased operational and interest costs, which were areas of concern during the discussion.

Unitil Appoints New Senior Vice President

On October 29, 2025, Unitil Corporation appointed Carleton B. Simpson as Senior Vice President and General Counsel. Mr. Simpson, who has a strong background in engineering, regulatory, and legal roles, previously served as Vice President of Energy Transformation at Fitchburg Gas and Electric Light Company and as a Commissioner of the New Hampshire Public Utilities Commission.

The most recent analyst rating on (UTL) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Unitil stock, see the UTL Stock Forecast page.

Unitil Completes Acquisition of Maine Natural Gas

On October 31, 2025, Unitil Corporation completed its acquisition of Maine Natural Gas Company from Avangrid Enterprises, Inc. for $86 million, plus an additional $7.1 million for working capital. This acquisition, funded through a term loan from Scotiabank, is expected to enhance Unitil’s natural gas distribution operations in Maine, adding approximately 6,300 customers and 230 miles of distribution mains. The acquisition aligns with Unitil’s strategy to expand its customer base and improve service delivery in the region.

The most recent analyst rating on (UTL) stock is a Hold with a $53.00 price target. To see the full list of analyst forecasts on Unitil stock, see the UTL Stock Forecast page.