Earnings in line with consensus on EPS, with a modest revenue beat. The regulated utility profile limits upside surprise potential. Monitor the Q3 earnings call for updates on rate case outcomes and integration of the Aquarion water acquisitions, which could drive longer-term growth.
Price Chart
Executive Summary
Unitil Corporation reported Q2 2026 GAAP EPS of $0.26, in line with consensus of $0.26, and revenue of $117.0M (vs $111.4M estimate). Net income rose $0.7M YoY to $4.7M, driven by higher electric and gas margins from rate increases and customer growth, partially offset by higher O&M, depreciation, and interest expenses. The results reflect steady regulated utility performance with no material surprises.
Key Financial Metrics
Key Facts
- Q2 2026 GAAP EPS $0.26 vs consensus $0.26 (in line)
- Q2 2026 revenue $117.0M vs $111.4M estimate (beat by 5.0%)
- Net income $4.7M, up $0.7M YoY
- Electric Adjusted Gross Margin $31.6M, up $5.8M YoY on higher rates and customer growth
- Gas Adjusted Gross Margin $40.6M, up $3.4M YoY on higher rates and customer growth
- Quarterly dividend maintained at $0.475 per share ($1.90 annualized)
- Acquisition of Maine Natural Gas contributed $2.7M to Gas Adjusted Gross Margin in Q2
Financial Impact
Q2 2026 revenue beat consensus by ~$5.6M (5.0%), EPS in line; net income increased $0.7M YoY
Risk Factors
- Higher interest expense ($1.1M increase in Q2) could pressure future earnings if rates remain elevated
- O&M expenses increased $2.5M YoY, partly from acquired operations, but legacy costs also rose
- Commercial/industrial electric kWh sales declined 1.5% in Q2 and 4.8% YTD, signaling potential demand softness
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3337915 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 today | 8-K | — | awaiting T+60 | — | — |
Oct 19, 2026 7d ago | 8-K | $53.70 | awaiting T+60 | — | $55.27 (+2.92%) |
Aug 3, 2026 12w ago | Press Release | $53.61 | awaiting T+60 | — | $55.27 (+3.10%) |
Jun 30, 2026 16w ago | Press Release | $52.45 $50.84 | ▼ −3.07% | ▼ −5.94% | $55.27 (+5.38%) |
May 27, 2026 21w ago | 8-K | $51.04 $53.17 | ▲ +4.17% | ▲ +2.44% | $55.27 (+8.29%) |
May 5, 2026 24w ago | 8-K | $49.28 $53.94 | ▲ +9.46% | ▲ +7.40% | $55.27 (+12.16%) |
Apr 29, 2026 25w ago | 8-K | $51.63 $55.58 | ▲ +7.64% | ▲ +3.53% | $55.27 (+7.04%) |
Apr 21, 2026 26w ago | Press Release | $51.75 $54.41 | ▲ +5.14% | ▼ −1.76% | $55.27 (+6.80%) |
Feb 24, 2026 34w ago | 8-K | $51.84 $51.33 | ▼ −0.98% | ▼ −7.93% | $55.27 (+6.62%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers