UNITIL (UTL) Company Report

Unitil Corporation's Board of Directors raised the quarterly dividend on the Company’s common stock to $0.475 per share, an increase of $0.025 per share.
This action increased the Company’s annualized dividend by $0.10, to $1.90 per share.
The Board declared the first quarter common stock dividend of $0.475 per share, payable February 27, 2026, to shareholders of record on February 12, 2026.

Jan 28, 2026, 9:30 PM

Unitil Reports Q3 2025 Financial Results and Provides Acquisition Updates

UTL

Earnings

M&A

Guidance Update

Unitil reported adjusted net income of $0.4 million and adjusted earnings of $0.03 per share for the third quarter of 2025, representing an increase of $0.01 per share compared to the third quarter of 2024. For the first nine months of 2025, adjusted net income was $33.5 million, or $2.03 per share, an increase of $0.03 per share compared to the same period in 2024.
The company successfully integrated Bangor Natural Gas into its utility operations and closed the acquisition of Maine Natural Gas on October 31st. Regulatory approval processes for the Aquarion Water transaction are progressing, with the New Hampshire Public Utilities Commission approving the acquisition on October 7th, and orders expected in Connecticut, Massachusetts, and Maine during the fourth quarter of 2025.
An equity offering completed in August generated net proceeds of approximately $72 million, which strengthened the balance sheet and improved credit metrics, with a ratio of funds from operations to debt of approximately 17% as of September 30th, 2025.
Unitil reaffirmed its 2025 adjusted earnings guidance range of $3.01-$3.17 per share, with a midpoint of $3.09 per share. The acquisitions are expected to accelerate rate-based growth to approximately 10% annually through 2029.

Nov 4, 2025, 7:00 PM

Unitil Reports Q3 2025 Financial Results and Reaffirms Guidance

UTL

Earnings

Guidance Update

M&A

Unitil reported Adjusted Net Income of $0.4 million and Adjusted Earnings Per Share of $0.03 for Q3 2025, and $33.5 million and $2.03 respectively for the nine months ended September 30, 2025.
The company reaffirmed its 2025 earnings guidance range of $3.01 to $3.17 per share, with a mid-point of $3.09.
Unitil completed the acquisition of Maine Natural Gas on October 31, 2025, and the integration of Bangor Natural Gas has been completed.
Regulatory approval for the Aquarion Water acquisition is expected in Q4 for Connecticut, Massachusetts, and Maine orders, with approval already received in New Hampshire.
Unitil projects a five-year capital investment of ~$1.1 billion and expects long-term rate base growth of 6.5% to 8.5%.

Nov 4, 2025, 7:00 PM

Unitil Completes Acquisition of Maine Natural Gas Company

UTL

M&A

Debt Issuance

New Projects/Investments

Unitil Corporation (UTL) completed the acquisition of Maine Natural Gas Company from Avangrid Enterprises, Inc. on October 31, 2025.
The total consideration for the acquisition was $86.0 million for the stock, plus approximately $7.1 million for estimated working capital.
The $86.0 million purchase price was funded through a term loan from Scotiabank, established via a Credit Agreement dated October 31, 2025, with a borrowing limit of $86 million.
Maine Natural Gas Company serves approximately 6,300 natural gas customers and had an estimated $69.0 million of rate base as of December 31, 2024.
This acquisition expands Unitil's customer base to approximately 213,300 customers across Maine, New Hampshire, and Massachusetts.

Nov 3, 2025, 10:15 PM

Unitil Reports Third Quarter 2025 Earnings

UTL

Earnings

Dividends

M&A

Unitil Corporation reported a Net Income (Loss) of ($0.3) million, or ($0.02) in Earnings Per Share (EPS), for the third quarter of 2025, representing a decrease of $0.3 million in Net Income and $0.02 in EPS compared to the third quarter of 2024.
For the nine months ended September 30, 2025, the company's Net Income was $31.2 million, or $1.89 in EPS, a decrease of $0.3 million in Net Income and $0.07 in EPS compared to the first nine months of 2024.
Adjusted Net Income (non-GAAP) for the third quarter of 2025 was $0.4 million, or $0.03 in EPS, and for the nine months ended September 30, 2025, it was $33.5 million, or $2.03 in EPS. These figures exclude transaction-related costs from acquisitions.
Electric GAAP Gross Margin increased by $2.8 million to $25.1 million in the three months ended September 30, 2025, and Gas GAAP Gross Margin increased by $0.6 million to $12.4 million for the same period, both compared to 2024.
The Board of Directors declared quarterly dividends of $0.45 per share, resulting in a current effective annualized dividend rate of $1.80 per share.

Nov 3, 2025, 9:45 PM

Unitil Completes Purchase of Maine Natural Gas Company

UTL

M&A

New Projects/Investments

Unitil Corporation completed the purchase of Maine Natural Gas Company from Avangrid Enterprises, Inc. on October 31, 2025.
The acquisition involved a purchase price of $86.0 million, plus approximately $7.1 million for estimated working capital, with $86.0 million funded through a term loan from Scotiabank.
Maine Natural Gas Company serves approximately 6,300 residential and commercial natural gas customers and had an estimated $69.0 million of rate base as of December 31, 2024.
With this acquisition, Unitil now serves approximately 213,300 customers across Maine, New Hampshire, and Massachusetts.