Unitil (UTL) AI Stock Analysis

• Market Cap: $891.26M
• Dividend Yield: 3.58%
• Average Volume (3M): 118.27K
• Price to Earnings (P/E): 17.2
• Beta (1Y): 0.12
• 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: 1.86
• 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 ▲(6.12% Upside)

Unitil's overall score reflects strong earnings growth and strategic acquisitions, balanced by high leverage and liquidity concerns. The technical analysis suggests potential undervaluation, while valuation metrics indicate reasonable pricing. The positive earnings call sentiment further supports the stock's potential.

Positive Factors

Strategic Acquisitions

The acquisitions support a 10% annual rate base growth through 2029, enhancing market position and service capabilities.

Sustainability Initiatives

Commitment to sustainability enhances long-term operational efficiency and aligns with regulatory trends, improving public perception.

Equity Offering and Balance Sheet

The equity offering strengthens financial flexibility, supporting future growth and acquisition funding without excessive debt.

Negative Factors

High Leverage

Significant leverage could pose financial risks if not managed properly, potentially limiting future investment capabilities.

Negative Free Cash Flow

Negative free cash flow indicates potential liquidity issues, affecting the company's ability to fund operations and growth internally.

Increased Operational Costs

Rising operational costs can pressure margins and profitability, necessitating efficiency improvements to maintain financial health.

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 in New England. With operations primarily in New Hampshire, Massachusetts, and Maine, Unitil focuses on delivering reliable energy services while promoting energy efficiency and sustainability. The company is committed to enhancing the quality of life in the communities it serves through innovative energy solutions and investments in infrastructure.

How the Company Makes Money

Unitil generates revenue primarily through the provision of utility services, which includes the sale of electricity and natural gas to its customers. The company's revenue model is mainly based on regulated utility rates set by state public utility commissions. These rates allow Unitil to recover its costs and earn a regulated return on its investments in infrastructure. Key revenue streams include distribution charges for electricity and natural gas, as well as additional fees for energy efficiency programs and services. Unitil may also engage in partnerships with local governments and organizations to develop energy efficiency initiatives, which can provide additional revenue opportunities. Factors contributing to its earnings include customer growth, energy demand, regulatory approval of rate increases, and efficient operational management.

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: 49.00
• 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 is below the 20-day moving average (MA) of 49.20, above the 50-day MA of 48.59, and below the 200-day MA of 50.68, indicating a neutral trend. The MACD of 0.31 indicates Negative momentum. The RSI at 64.11 is Neutral, neither overbought nor oversold. The STOCH value of 84.74 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
AVA	77 Outperform	$3.13B	16.35	7.31%	5.09%	2.14%	-6.51%
NWE	74 Outperform	$4.02B	18.53	7.62%	4.02%	4.90%	-4.42%
OTTR	72 Outperform	$3.55B	12.78	16.10%	2.48%	-3.18%	-8.62%
UTL	69 Neutral	$891.26M	17.19	8.51%	3.58%	1.03%	-0.78%
MGEE	67 Neutral	$2.93B	21.77	10.80%	2.28%	8.26%	12.47%
Sector *	66 Neutral	$17.65B	18.10	5.60%	3.62%	6.62%	11.55%
HE	52 Neutral	$2.04B	15.77	7.14%	―	-16.62%	―

Unitil Corporate Events

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.

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.