Unitil Reports 2026 Third Quarter Earnings

(NYSE:UTL) Unitil Corporation reported Net Income (Loss) of ($1.5) million, or ($0.08) per share, for the third quarter of 2026, representing a decrease of $1.2 million in Net Income and $0.06 in EPS compared to the third quarter of 2025. For the nine months ended September 30, 2026, Net Income was $36.4 million, or $2.02 per share, an increase of $5.2 million in Net Income and $0.13 in EPS compared to the same period in 2025. Adjusted Net Income (Loss), excluding transaction-related costs for the acquisitions of Bangor Natural Gas Company, Maine Natural Gas Company, Aquarion Water Company of New Hampshire, Inc., and Abenaki Water Co., Inc., was ($0.7) million, or ($0.04) per share for the third quarter, a decrease of $1.1 million or $0.07 in EPS from the prior year. For the nine months ended September 30, 2026, Adjusted Net Income was $38.3 million, or $2.12 per share, up $4.8 million or $0.09 in EPS from the same period in 2025. Electric GAAP Gross Margin was $26.1 million for the third quarter, up $1.0 million, and $70.4 million for the nine months, up $7.7 million, both driven by higher rates and customer growth, partially offset by higher depreciation and amortization and a one-time FERC transmission revenue reduction. Electric Adjusted Gross Margin was $34.8 million for the quarter and $96.0 million for the nine months, increases of $1.7 million and $9.6 million, respectively. Gas GAAP Gross Margin was $13.5 million for the quarter, up $1.1 million, and $105.6 million for the nine months, up $12.9 million, with increases driven by higher rates, customer growth, and favorable winter weather, partially offset by higher depreciation and amortization. Gas Adjusted Gross Margin was $29.2 million for the quarter and $151.9 million for the nine months, increases of $2.6 million and $17.2 million, respectively. Water Revenues were $3.1 million for both the quarter and nine months, with no water revenues in the prior year due to the timing of the Aquarion Companies acquisition. Operation and Maintenance expenses increased $4.9 million for the quarter and $8.2 million for the nine months, reflecting higher utility operating costs, labor, and acquisition costs. Depreciation and Amortization expense increased $2.6 million for the quarter and $6.6 million for the nine months, reflecting higher utility plant in service and amortization of storm and deferred costs. Taxes Other Than Income Taxes increased $0.1 million for the quarter and $3.5 million for the nine months, reflecting higher property and payroll taxes. Other Expense (Income), Net decreased $0.7 million for the quarter and $0.9 million for the nine months, primarily due to lower retirement benefit costs. Interest Expense, Net increased $2.1 million for the quarter and $4.9 million for the nine months, primarily due to higher borrowings and debt levels. Provision for (Benefit from) Income Taxes increased $0.4 million for the quarter and $2.4 million for the nine months. The Board of Directors declared quarterly dividends of $0.475 per share at its January, April, July, and October 2026 meetings, resulting in an annualized dividend rate of $1.90 per share. The company completed the Aquarion transaction and is progressing with integration of water utility operations. The company issued its 2026 Corporate Sustainability and Responsibility Report. The company will hold a quarterly conference call on November 3, 2026, at 2:00 p.m. Eastern Time.

Unitil Declares Common Stock Dividend

(NYSE:UTL) Unitil Corporation announced that its Board of Directors has declared the regular quarterly dividend on the Company’s common stock. The dividend is set at $0.475 per share. The dividend will be payable on November 30, 2026. Shareholders of record as of November 13, 2026, will be eligible to receive the dividend. This quarterly dividend results in a current effective annualized dividend rate of $1.90 per share. The announcement confirms the continuation of Unitil Corporation’s regular dividend policy. The Board of Directors made the declaration as part of its ongoing commitment to shareholder returns. The dividend applies to all outstanding shares of common stock as of the record date. The payment date and record date are clearly specified in the announcement. The annualized dividend rate provides investors with a clear indication of the expected yearly return from dividends. The company has not announced any changes to its dividend policy in this release. The announcement does not mention any special or extraordinary dividends. The dividend declaration reflects the company’s financial position and outlook as assessed by the Board. No additional financial or operational figures are disclosed in this announcement. The release is focused solely on the dividend declaration and related dates.

Unitil Releases Corporate Sustainability and Responsibility Report

(NYSE:UTL) Unitil Corporation has released its 2026 Corporate Sustainability and Responsibility Report (CSR), which highlights the company's 2025 achievements and ongoing initiatives for 2026. The report details Unitil's progress in environmental sustainability, human capital management, safety, reliability, and customer engagement. Thomas P. Meissner, Jr., Chairman and Chief Executive Officer of Unitil, stated that the company's commitment to sustainability is demonstrated through customer service, infrastructure investment, and future planning. The 2026 CSR covers topics such as governance and integrity, carbon reduction and environmental stewardship, operational safety and reliability, employee development and safety, and customer satisfaction and engagement. The report is web-based, interactive, and mobile-responsive. It aligns with SASB reporting standards and includes industry-specific metrics following the American Gas Association and Edison Electric Institute templates for regulated electric and gas utilities. Unitil Corporation provides electricity, natural gas, and water services. The company serves approximately 110,100 electric customers. Unitil serves approximately 105,000 natural gas customers. The company also serves approximately 10,700 water customers. The CSR outlines the company's efforts to reduce environmental impact and strengthen infrastructure. The report emphasizes the company's focus on providing safe, reliable, and affordable service. Unitil's sustainability initiatives are detailed in the report, which is available online. The company is a public utility holding company. The CSR demonstrates Unitil's ongoing commitment to the communities it serves.

Unitil Completes Purchase of Two Water Companies in New Hampshire from the Aquarion Water Authority

(NYSE:UTL) Unitil Corporation announced that it completed the purchase of Aquarion Water Company of New Hampshire, Inc. and Abenaki Water Co., Inc. from the Aquarion Water Authority for a purchase price of $55.8 million, including the assumption of approximately $13.7 million of debt and approximately $0.6 million for estimated working capital and reimbursable capital expenditures. The Stock Purchase Agreement was first announced on May 6, 2025 and subsequently amended. The water systems of the Aquarion Companies include approximately 150 miles of water distribution mains and serve approximately 11,000 customers in eight communities in New Hampshire. The Aquarion Companies’ rate base is estimated to be approximately $47.0 million as of December 31, 2025. With this acquisition, Unitil serves approximately 226,100 customers throughout New Hampshire, Maine, and Massachusetts. The acquisition of the Aquarion Companies is expected to be earnings accretive over the long-term, supporting Unitil’s long-term earnings per share growth of 5% to 7%. Unitil funded the purchase price through a term loan from Scotiabank.

Unitil Reports 2026 First Quarter Earnings

Unitil Corporation (NYSE: UTL) reported Net Income of $33.2 million, or $1.85 per share, for the first quarter of 2026, representing an increase of $5.7 million in Net Income and $0.16 in EPS compared to the first quarter of 2025. Adjusted Net Income, which excludes transaction-related costs from recent acquisitions, was $33.8 million, or $1.88 per share, up $5.4 million and $0.14 per share year-over-year. Electric GAAP Gross Margin was $21.3 million and Gas GAAP Gross Margin was $67.1 million for the quarter, both showing increases over the prior year. The company declared quarterly dividends of $0.475 per share, resulting in an annualized dividend rate of $1.90 per share. These results reflect higher rates, customer growth, and the impact of recent acquisitions.

Unitil Shareholders Elect Directors at Annual Meeting

Unitil Corporation (NYSE:UTL) held its Annual Meeting of Shareholders on April 29, 2026, at its corporate office in Hampton, New Hampshire. Shareholders elected Neveen F. Awad, Winfield S. Brown, and Mark H. Collin to the Board of Directors for three-year terms and ratified Deloitte & Touche, LLP as independent registered public accountants for 2026. The 'say on pay' advisory vote on executive compensation was approved by 96% of shareholders. Chairman and CEO Thomas P. Meissner, Jr. presented highlights from 2025, including recent acquisitions and strategies for long-term sustainable value. Unitil serves approximately 110,100 electric customers and 105,000 natural gas customers in Maine, New Hampshire, and Massachusetts.

Unitil Corporation (NYSE:UTL) announced that its Board of Directors declared a regular quarterly dividend of $0.475 per share on the Company’s common stock. The dividend is payable on May 29, 2026, to shareholders of record as of May 14, 2026. This quarterly dividend results in a current effective annualized dividend rate of $1.90 per share. Unitil Corporation provides electricity and natural gas in New England, serving approximately 110,100 electric customers and 105,000 natural gas customers. The announcement highlights the company's ongoing commitment to reliable energy delivery and shareholder returns.