Quarterly ResultMay 4, 2026, 05:08 PM
Unitil Q1 Net Income $33.2M, EPS $1.85; Gas Adjusted Gross Margin +15.8%
AI Summary
Unitil reported a net income of $33.2 million, or $1.85 per share, for the first quarter of 2026, an increase of $5.7 million and $0.16 per share year-over-year. Adjusted Net Income rose to $33.8 million, or $1.88 per share. The company saw significant growth in Gas Adjusted Gross Margin, up 15.8% to $82.1 million, driven by higher rates, customer growth, and colder weather, including contributions from the Maine Natural Gas acquisition. Electric Adjusted Gross Margin also increased by 7.6% to $29.6 million.
Key Highlights
- Net Income increased to $33.2 million in Q1 2026, up $5.7 million from Q1 2025.
- Diluted EPS rose to $1.85 in Q1 2026, an increase of $0.16 from Q1 2025.
- Adjusted Net Income grew to $33.8 million, or $1.88 per share, in Q1 2026.
- Gas Adjusted Gross Margin increased 15.8% to $82.1 million in Q1 2026.
- Electric Adjusted Gross Margin increased 7.6% to $29.6 million in Q1 2026.
- Total Gas Operating Revenue increased 36.9% to $151.4 million in Q1 2026.
- Total Electric Operating Revenue increased 8.8% to $65.5 million in Q1 2026.
- Quarterly dividend declared at $0.475 per share, an annualized rate of $1.90.
Price Impact
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