Unitil Reports 2026 Third Quarter Earnings
Key Highlights
- ➤Q3 net loss $1.5 million, or $0.08 EPS, versus $0.3 million loss
- ➤Nine-month net income $36.4 million, or $2.02 EPS, up $5.2 million
- ➤Aquarion water acquisition closed June 30; integration progressing as expected
- ➤Nine-month gas adjusted gross margin $151.9 million, up $17.2 million
- ➤Quarterly dividend $0.475 per share; annualized rate $1.90
Expert Statements
Thomas P. Meissner, Jr., Chairman and Chief Executive Officer of Unitil
“We are pleased with the Company’s strong operational and financial performance through the first nine months of 2026”
Thomas P. Meissner, Jr., Chairman and Chief Executive Officer of Unitil
“Following the successful completion of the Aquarion transaction, the integration of our water utility operations is progressing as expected and we recently issued our 2026 Corporate Sustainability and Responsibility Report, which describes our accomplishments, initiatives, and commitments related to sustainable practices and creating long-term sustainable value for stakeholders.”
HAMPTON, N.H., Nov. 02, 2026 (GLOBE NEWSWIRE) -- Unitil Corporation (NYSE: UTL) (unitil.com) (Unitil or the Company) today announced Net Income (Loss) of ($1.5) million, or ($0.08) in Earnings Per Share (EPS) for the third quarter of 2026, a decrease of $1.2 million in Net Income, or $0.06 in EPS, compared to the third quarter of 2025. For the nine months ended September 30, 2026, the Company reported Net Income of $36.4 million, or $2.02 in EPS, an increase of $5.2 million in Net Income, or $0.13 in EPS, when compared to the first nine months of 2025. The Company's Adjusted Net Income (Loss) (a non-GAAP financial measure(1)), which excluded transaction-related costs in connection with the acquisition of Bangor Natural Gas Company (Bangor), Maine Natural Gas Company (Maine Natural), Aquarion Water Company of New Hampshire, Inc., and Abenaki Water Co., Inc. (the Aquarion Companies), was ($0.7) million, or ($0.04) in EPS. Adjusted Net Income (Loss) decreased $1.1 million, or ($0.07) in EPS when compared to the third quarter of 2025. For the nine months ended September 30, 2026, the Company's Adjusted Net Income, which excluded transaction-related costs in connection with the acquisition of Bangor, Maine Natural and the Aquarion Companies, was $38.3 million, or $2.12 in EPS, an increase of $4.8 million, or $0.09 in EPS compared to the first nine months of 2025.
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