Unitil Corporation functions as a public utility holding company, with its primary operations centered on the provision of electricity and natural gas. ...
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Est. EPS $-0.06 · Revenue $117.49M · 2 analysts
Est. EPS $1.22 · Revenue $175.00M · 2 analysts
Est. EPS $3.28 · Revenue $598.32M · 1 analysts
Est. EPS $1.81 · Revenue $174.52M · 1 analysts
$1.85 per share
$1.85 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $536.0M | +8.3% | -46.1% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $50.2M | +6.6% | -85.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +41.3% | +3.9% | +114.8% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +18.9% | +3.1% | -48.9% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +9.4% | -1.6% | -73.8% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $-53.8M | -22.3% | -31.6% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | -10.0% | -12.9% | +26.7% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 154.0% | +4.4% | +1.2% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 0.56x | -31.7% | -13.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $2.1B | +19.7% | +3.0% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 2.97 vs 3.09 | -3.9% | 0.26 vs 0.26 | -1.3% |
| Revenue Surprise | $536.0M vs $517.4M | +3.6% | $117.0M vs $113.2M | +3.4% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Jan 27, 2026 | Simpson Carleton B | officer: SVP, Gen. Counsel & Secretary | Common stock, no par value | A | 1,590 | — |
| Jan 27, 2026 | Simpson Carleton B | officer: SVP, Gen. Counsel & Secretary | Contingent grant of common stock | A | 795 | — |
| Jan 27, 2026 | Simpson Carleton B | officer: SVP, Gen. Counsel & Secretary | Common stock, no par value | A | 1,590 | — |
| Jan 27, 2026 | Hurstak Daniel J | officer: SVP, CFO & Treasurer | Common stock, no par value | A | 40 | $50.00 |
| Jan 27, 2026 | Hurstak Daniel J | officer: SVP, CFO & Treasurer | Contingent grant of common stock | A | 1,215 | — |
Operator: Good day and thank you for standing by. Welcome to the Q2 2026 Unitil Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded. I would now like to hand the conference over to your first speaker, Chris Goulding, Vice President of Finance and Regulatory. Please go ahead. Christopher Goulding: Good afternoon, and thank you for joining us to discuss Unitil Corporation's second quarter 2026 financial results. Speaking on the call today will be Tom Meissner, Chairman and Chief Executive Officer, and Dan Hustak, Senior Vice President, Chief Financial Officer and Treasurer. Also with us today are Bob Hevert, President and Chief Administrative Officer; and Todd Diggins, Chief Accounting Officer and Controller. We will discuss financial and other information on this call. As we mentioned in the press release announcing today's call, we have posted information, including a presentation, to the Investor section of our website at unitil.com. We will refer to that information during this call. Moving to Slide 2, some of the statements made during this call may be forward-looking. These statements are based on management's current expectation and are subject to risk and uncertainty, which may cause the actual results to differ materially from forecasts and projections. We undertake no obligation to update or revise any of these statements. Additional information about the various factors that may cause actual results to differ and our explanation of non-GAAP measures and how they reconcile to GAAP measures is contained within our news release, the slides we posted for this call, and in our most recent Form 10-Q and 10-K. I will now turn the call over to Chairman and CEO, Tom Meissner. Tom Meissner: Great. Thanks, Chris. Good afternoon, everyone, and thanks for joining us today. Beginning on Slide 3, I'm pleased to report outstanding performance through the first half of the year, both operationally and financially. Yesterday, we announced another strong quarter with adjusted net income of $5.2 million, or $0.29 per share. For the first half of the year, adjusted net income was $39 million, or $2.17 per share, an increase of $0.14, or nearly 7% compared to the first 6 months of 2025. We are fully earning our authorized returns on a trailing 12-month basis with a GAAP return on equity of 9.6%. Given the strong results for the first half of the year, we are reaffirming our 2026 earnings guidance of $3.20 to $3.36 per share, with a midpoint of $3.28. We are also reaffirming our long-term earnings guidance of 5% to 7%. We have several positive business updates to share this quarter. As I'll cover in more detail on the following slide, the acquisition of the Aquarion Water Company of New Hampshire and Abenaki Water Company successfully closed on June 30. We're excited to add these 2 companies to our portfolio of regulated distribution utilities. Our regulatory agenda remains active, and I'm pleased to …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Thomas Meissner Jr. | Chairman & Chief Executive Officer | USD 1,576,861 | Male | 1962 | Active |
Robert Hevert | President & Chief Administrative Officer | USD 1,112,009 | Male | 1961 | Active |
Daniel J. Hurstak | Senior Vice President, Chief Financial Officer & Treasurer | USD 692,373 | Male | 1981 | Active |
Christopher J. LeBlanc | Senior Vice President of Gas Operations | USD 534,134 | Male | 1967 | Active |
Justin Eisfeller | VP & Chief Transformation Officer | USD 511,488 | Male | 1967 | Active |
George E. Long Jr. | Vice President of Administration - Unitil Service | USD 374,499 | Male | 1957 | Active |
John Closson | Senior Vice President of Shared Services | — | Male | — | Active |
Carleton Simpson | Senior VP, General Counsel & Corporate Secretary | — | Male | 1991 | Active |
Kevin Sprague | Senior Vice President of Electric Operations | — | Male | — | Active |
Todd R. Diggins | Chief Accounting Officer, Controller & Investor Relations Officer | — | Male | 1975 | Active |
Katherine A. Bourque | Senior Vice President of External Affairs & Chief Customer Officer | — | Female | — | Active |
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Unitil (UTL) have what it takes?
Unitil NYSE: UTL reported second-quarter 2026 adjusted net income of $5.2 million, or $0.29 per share, while reaffirming its full-year adjusted earnings guidance of $3.20 to $3.36 per share. The regulated utility operator also said first-half results benefited from acquired gas operations, higher distribution rates, customer growth and colder winter weather.
Unitil Corporation (UTL) Q2 2026 Earnings Call Transcript
Unitil Corporation remains rated Hold, as recent acquisitions and rate cases have yet to provide clear catalysts for outperformance. UTL's Q2 2026 EPS of $0.26 met expectations; YTD EPS of $2.11 is up 8.8% year-over-year, but full-year guidance implies only modest growth. Gas operations drive margin strength, with customer inquiries up 50% and 1,500 new gas customers under contract or construction.
Successfully completed the purchase of Aquarion Water Company of New Hampshire, Inc. and Abenaki Water Co., Inc. Successfully completed the purchase of Aquarion Water Company of New Hampshire, Inc. and Abenaki Water Co., Inc.
