Unitil Corp
NYSE:UTL
Unitil Corp
UNITIL Corp. operates as a holding company, which engages in power generation and distribution. The company is headquartered in Hampton, New Hampshire and currently employs 508 full-time employees. The Company’s principal business is the local distribution of electricity and gas throughout its service territory in the states of New Hampshire, Massachusetts and Maine. The company operates through three segments: utility gas operations, utility electric operations and non-regulated. The company operates through its three subsidiaries, including Unitil Energy Systems, Inc. (Unitil Energy); Fitchburg Gas and Electric Light Company (Fitchburg); and Northern Utilities, Inc. (Northern Utilities). Unitil Energy provides electric service in the south-eastern seacoast and state capital regions of New Hampshire, including the capital city of Concord. Fitchburg provides both electric and gas service in the greater Fitchburg area of north central Massachusetts. Northern Utilities provides natural gas service in south-eastern New Hampshire and portions of southern and central Maine, including the city of Portland, which is a city in northern New England.
UNITIL Corp. operates as a holding company, which engages in power generation and distribution. The company is headquartered in Hampton, New Hampshire and currently employs 508 full-time employees. The Company’s principal business is the local distribution of electricity and gas throughout its service territory in the states of New Hampshire, Massachusetts and Maine. The company operates through three segments: utility gas operations, utility electric operations and non-regulated. The company operates through its three subsidiaries, including Unitil Energy Systems, Inc. (Unitil Energy); Fitchburg Gas and Electric Light Company (Fitchburg); and Northern Utilities, Inc. (Northern Utilities). Unitil Energy provides electric service in the south-eastern seacoast and state capital regions of New Hampshire, including the capital city of Concord. Fitchburg provides both electric and gas service in the greater Fitchburg area of north central Massachusetts. Northern Utilities provides natural gas service in south-eastern New Hampshire and portions of southern and central Maine, including the city of Portland, which is a city in northern New England.
Strong Earnings Growth: Unitil reported 2025 adjusted earnings of $53.3 million, or $3.16 per share, up 6.4% from the prior year and at the upper half of its 5% to 7% long-term guidance range.
Strategic Acquisitions: The company expanded its gas operations in Maine by acquiring Bangor Natural Gas and Maine Natural Gas, adding over 15,000 customers and $29 million in annual distribution revenue.
2026 Guidance: Management expects 2026 earnings per share in the range of $3.20 to $3.36, a midpoint increase of 6.1% over 2025 guidance.
Dividend Increase: The Board approved a 2026 annualized dividend of $1.90 per share, up 5.6% compared to 2025.
Rate Base and Capex: The 5-year capital investment plan increased to $1.2 billion, and rate base grew by about $200 million YoY to $1.3 billion.
Operational Performance: Unitil maintained top-quartile electric reliability, strong gas safety, and high customer satisfaction, with an 87% satisfaction score.
