Quarterly ResultMay 4, 2026, 04:31 PM
Unitil Q1 Net Income $33.2M, EPS $1.85; Adjusted EPS $1.88
AI Summary
Unitil Corporation announced strong first-quarter 2026 financial results, with Net Income rising to $33.2 million, or $1.85 per share, an increase of $5.7 million and $0.16 per share, respectively, compared to the prior year. Adjusted Net Income also saw a significant increase to $33.8 million, or $1.88 per share. The positive performance was attributed to higher rates, customer growth, and favorable colder winter weather, alongside strategic acquisitions. The company's Board of Directors also declared a quarterly dividend of $0.475 per share.
Key Highlights
- Net Income for Q1 2026 was $33.2 million, an increase of $5.7 million compared to Q1 2025.
- Earnings Per Share (EPS) for Q1 2026 was $1.85, up $0.16 from Q1 2025.
- Adjusted Net Income was $33.8 million, an increase of $5.4 million compared to Q1 2025.
- Adjusted EPS was $1.88, up $0.14 from Q1 2025.
- Electric Adjusted Gross Margin increased by $2.1 million to $29.6 million.
- Gas Adjusted Gross Margin increased by $11.2 million to $82.1 million.
- Total Gas Therm Sales increased by 13.4% to 128.3 million.
- The Board declared a quarterly dividend of $0.475 per share, an annualized rate of $1.90.