Unitil (UTL) AI Stock Analysis

• Market Cap: $894.78M
• Dividend Yield: 3.13%
• Average Volume (3M): 60.47K
• Price to Earnings (P/E): 18.8
• Beta (1Y): 0.27
• Revenue Growth: -5.57%
• EPS Growth: -2.26%
• Country: US
• Employees: 565
• Sector: Utilities
• Sector Strength: 80
• Industry: Diversified Utilities
• EPS (TTM): 1.74
• Shares Outstanding: 16,250,956
• 10 Day Avg. Volume: 72,571
• 30 Day Avg. Volume: 60,468
• PEG Ratio: 57.76
• Price to Book (P/B): 1.82
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -21.37
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: $55.00
• Price Target Upside: -0.29% Downside
• Rating Consensus: Hold
• Number of Analyst Covering: 0

Unitil's overall stock score reflects strong future growth potential through strategic acquisitions and reasonable valuation. However, financial performance concerns, including declining profitability and increased operating expenses, weigh on the score. Technical indicators suggest caution due to bearish momentum.

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 makes money primarily through the sale and distribution of electricity and natural gas to its customers in New Hampshire, Massachusetts, and Maine. The company's revenue model is based on regulated utility operations, where rates are approved by state regulatory commissions, ensuring a stable and predictable income stream. Key revenue streams include residential, commercial, and industrial energy sales. The company also earns through infrastructure investments, which are often incentivized by regulatory frameworks that allow for adjustments in rates. Additionally, Unitil may engage in partnerships for energy efficiency programs and renewable energy projects, further contributing to its revenue.

Unitil Financial Statement Overview

Summary

Unitil's financial performance shows strong operational cash flows and a stable balance sheet, but recent income 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
Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement		Total Revenue
494.80M	557.10M	563.20M	473.30M	418.60M
	Gross Profit
196.60M	183.00M	169.00M	161.80M	149.80M
	EBIT
90.60M	87.10M	80.50M	77.80M	71.40M
	EBITDA
174.90M	160.70M	143.50M	134.30M	123.30M
	Net Income Common Stockholders
47.10M	45.20M	41.40M	36.10M	32.20M
Balance Sheet		Cash, Cash Equivalents and Short-Term Investments
6.30M	6.50M	9.00M	6.50M	6.00M
	Total Assets
1.79B	1.67B	1.59B	1.54B	1.48B
	Total Debt
755.80M	681.60M	611.80M	570.10M	586.30M
	Net Debt
749.50M	675.10M	602.80M	563.60M	580.30M
	Total Liabilities
1.28B	1.18B	1.12B	1.09B	1.09B
	Stockholders Equity
512.50M	489.30M	467.60M	448.50M	389.20M
Cash Flow		Free Cash Flow
-44.00M	-34.00M	-24.40M	-7.20M	-46.90M
	Operating Cash Flow
125.90M	107.00M	97.70M	107.80M	75.70M
	Investing Cash Flow
-169.90M	-141.00M	-122.10M	-115.00M	-122.60M
	Financing Cash Flow
43.80M	31.50M	26.90M	7.70M	47.70M

Unitil Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 55.16
• 50DMA: Negative
• 100DMA: Positive
• 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 55.16 is below the 20-day moving average (MA) of 56.65, below the 50-day MA of 56.43, and below the 200-day MA of 56.32, indicating a bearish trend. The MACD of -0.73 indicates Positive momentum. The RSI at 44.80 is Neutral, neither overbought nor oversold. The STOCH value of 40.92 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
MGEE	75 Outperform	$3.42B	26.22	10.62%	1.90%	6.03%	6.15%
OTTR	73 Outperform	$3.34B	11.38	18.38%	2.41%	-2.68%	-3.73%
NWE	68 Neutral	$3.47B	14.59	7.94%	4.65%	4.31%	19.33%
AVA	67 Neutral	$3.15B	16.59	7.25%	4.89%	3.14%	-2.66%
Sector *	63 Neutral	$8.57B	10.13	4.66%	4.38%	3.79%	-12.91%
UTL	63 Neutral	$894.78M	18.78	9.07%	3.13%	-5.57%	-2.26%
HE	49 Neutral	$1.84B	―	-67.93%	―	-7.58%	-819.97%

Unitil Corporate Events

Unitil Announces Acquisition of Aquarion Water Companies

On May 6, 2025, Unitil Corporation announced a definitive agreement to acquire Aquarion Water Company of Massachusetts, Aquarion Water Company of New Hampshire, and Abenaki Water Co. from the Aquarion Water Authority for $100 million, including assumed debt. This acquisition, expected to close in late 2025, will expand Unitil’s operations into water utilities, serving around 23,000 customers across Massachusetts and New Hampshire. The transaction is anticipated to be earnings accretive, supporting Unitil’s long-term growth strategy. The acquisition is subject to regulatory approvals and other customary closing conditions.

The most recent analyst rating on (UTL) stock is a Hold with a $52.00 price target. To see the full list of analyst forecasts on Unitil stock, see the UTL Stock Forecast page.

Spark’s Take on UTL Stock

According to Spark, TipRanks’ AI Analyst, UTL is a Neutral.

Unitil demonstrates strong strategic growth through acquisitions and stable operational cash flows. However, the declining profitability and increased operational costs present notable risks. Valuation appears fair, and recent corporate events signal positive long-term growth potential.

To see Spark’s full report on UTL stock, click here.

Unitil’s Annual Shareholders Meeting Highlights Growth

On April 30, 2025, Unitil Corporation will hold its Annual Meeting of Shareholders in Hampton, New Hampshire, where the CEO will present to shareholders. The company has demonstrated strong financial and operational performance, with record net income and top-ranked customer satisfaction. Unitil’s strategic focus on infrastructure investments and regulatory support positions it for sustainable growth and a compelling investor value proposition.

Spark’s Take on UTL Stock

According to Spark, TipRanks’ AI Analyst, UTL is a Neutral.

Unitil Corporation shows strong operational cash flows and strategic growth through acquisitions. However, financial performance concerns, such as declining profitability and increased operational costs, partially offset these strengths. The stock’s fair valuation and positive technical trends support a moderately positive outlook.

To see Spark’s full report on UTL stock, click here.

Unitil Announces Acquisition of Maine Natural Gas

On March 31, 2025, Unitil Corporation announced a definitive agreement to acquire Maine Natural Gas Company from Avangrid Enterprises, Inc. for $86 million, with the transaction expected to close by the end of 2025. Maine Natural Gas, serving about 6,300 customers in Maine, will become a wholly owned subsidiary of Unitil, pending regulatory approval. This acquisition aligns with Unitil’s strategy to expand its service area in Maine, enhancing its market position by covering over 40% of Maine’s population and is expected to be earnings accretive, supporting long-term growth.