Unitil AI Stock Analysis
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Unitil (UTL) AI Stock Analysis
Unitil
(NYSE:UTL)
UTL’s score is led by solid operating performance and a positive earnings outlook (reaffirmed guidance and rate-base/capex-driven growth), supported by constructive technical trends and a reasonable dividend-backed valuation. The biggest restraint is financial quality: consistently negative free cash flow and elevated leverage increase dependence on financing markets and reduce flexibility.
Unitil Key Performance Indicators (KPIs)
Operating Revenue by SegmentShows how revenue is split across Unitil’s business lines—electric delivery, natural gas delivery, and any non-regulated energy services. Highlights which segments drive sales, how weather and customer usage affect topline stability, and how rate decisions or customer growth in a particular segment could lift or weaken overall revenue.
Gas is now the primary growth and volatility driver—winter peaks have become larger and more pronounced as customer additions, Maine Natural Gas and recent NH rate actions/acquisitions boost gas receipts, while electric margins also show steady improvement. Management’s bigger capex and rate‑base expansion underpin upside, but regulatory timing, higher O&M/depreciation and ongoing rate cases will dictate when that revenue converts to durable, accretive EPS—monitor Northern Utilities rulings and AMI completion for realization risk and timing.
The FlyUnitil (UTL) vs. SPDR S&P 500 ETF (SPY)
- Market Cap
- $1.03B
- Dividend Yield
- 3.42%
- Average Volume (3M)
- 131.01K
- Price to Earnings (P/E)
- 17.9
- Beta (1Y)
- -0.10
- Revenue Growth
- 21.12%
- EPS Growth
- 6.40%
- Country
- US
- Employees
- 601
- Sector
- Utilities
- Sector Strength
- 66
- Industry
- Diversified Utilities
Unitil Business Overview & Revenue Model
Company Description
Unitil Corporation functions as a public utility holding company, with its primary operations centered on the provision of electricity and natural gas. The company's activities are categorized into three main divisions: Utility Electric Operations, U...
How the Company Makes Money
Unitil primarily makes money through state-regulated utility operations. The core revenue streams are (1) electric distribution revenue and (2) natural gas distribution revenue, earned by delivering energy to residential, commercial, and industrial c...
Unitil Earnings Call Summary
The call was predominantly positive. Unitil reported 4.4% year-to-date adjusted earnings-per-share growth, reaffirmed its 2026 and long-term guidance, delivered double-digit electric and gas adjusted gross margin growth, completed major integrations, expanded its rate base and capital plan, progressed on rate cases and infrastructure projects, and maintained a strong financial profile. The principal negatives were higher operating expenses, increased depreciation and taxes, a nonrecurring $0.7 million FERC transmission revenue reduction, acquisition-related transaction costs, and the expectation that the water acquisition will be earnings neutral in 2026.
Q3-2026 Updates
Positive Updates
Negative Updates
Company Guidance
Unitil reaffirmed its 2026 guidance of $3.20 to $3.36 per share, with a midpoint of $3.28, and long-term earnings growth of 5% to 7%; the Aquarion New Hampshire acquisition is expected to be earnings neutral in 2026, New Hampshire meter replacement is expected to be completed by the end of 27, the current 5-year capital investment plan through 2030 totals approximately $1.2 billion, the dividend payout ratio target range remains at 55% to 65%, company wide direct greenhouse gas emissions are targeted to be reduced by 50% by 2030 and to be net zero by 2050, and all remaining leak-prone pipe is expected to be replaced by 2035.
Unitil Financial Statement Overview
Summary
Profitability is solid with improving TTM revenue and stronger margins (gross ~43%, operating ~19%), but the overall financial profile is constrained by structurally negative free cash flow (TTM about -$40M) and rising leverage (total debt up to ~$996M TTM; debt-to-equity ~1.55), implying ongoing reliance on external financing.
Income Statement
78PositiveBalance Sheet
60NeutralCash Flow
42Neutral| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 608.00M | 536.00M | 494.80M | 557.10M | 563.20M | 473.30M |
| Gross Profit | 323.60M | 221.20M | 196.60M | 183.00M | 169.00M | 161.80M |
| EBITDA | 212.10M | 198.00M | 174.90M | 160.70M | 143.50M | 134.30M |
| Net Income | 55.40M | 50.20M | 47.10M | 45.20M | 41.40M | 36.10M |
Balance Sheet | ||||||
| Total Assets | 2.28B | 2.13B | 1.79B | 1.67B | 1.59B | 1.54B |
| Cash, Cash Equivalents and Short-Term Investments | 12.90M | 15.60M | 6.30M | 6.50M | 9.00M | 6.50M |
| Total Debt | 995.60M | 933.20M | 755.80M | 681.60M | 616.10M | 578.20M |
| Total Liabilities | 1.64B | 1.52B | 1.28B | 1.18B | 1.12B | 1.09B |
| Stockholders Equity | 640.50M | 609.60M | 512.50M | 489.30M | 467.60M | 448.50M |
Cash Flow | ||||||
| Free Cash Flow | -39.90M | -53.80M | -44.00M | -34.00M | -24.40M | -7.20M |
| Operating Cash Flow | 162.20M | 131.30M | 125.90M | 107.00M | 97.70M | 107.80M |
| Investing Cash Flow | -333.70M | -345.50M | -169.90M | -141.00M | -122.10M | -115.00M |
| Financing Cash Flow | 169.80M | 223.50M | 43.80M | 31.50M | 26.90M | 7.70M |
Unitil Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UTL, the sentiment is Positive. The current price of 55.76 is above the 20-day moving average (MA) of 54.86, above the 50-day MA of 52.98, and above the 200-day MA of 51.79, indicating a bullish trend. The MACD of 0.80 indicates Positive momentum. The RSI at 60.87 is Neutral, neither overbought nor oversold. The STOCH value of 33.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UTL.
Unitil Risk Analysis
Unitil disclosed 19 risk factors in its most recent earnings report. Unitil reported the most risks in the "Production" category.
Latest Risks Added
3 New RisksUnitil Peers Comparison
Overall Rating
BKH76Outperform
CPK69Neutral- UTL68Neutral
MDU66Neutral
AVA64Neutral
NWN63Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| BKH | 76Outperform | $6.70B | 20.74 | 8.05% | 3.21% | 2.80% | 5.11% |
| CPK | 69Neutral | $3.43B | 21.99 | 9.20% | 2.03% | 13.91% | 12.26% |
| UTL | 68Neutral | $1.03B | 17.94 | 8.76% | 3.42% | 21.12% | 6.40% |
| MDU | 66Neutral | $4.17B | 21.06 | 6.65% | 2.88% | -0.72% | 12.71% |
| Sector * | 66Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% |
| AVA | 64Neutral | $3.37B | 13.59 | 8.87% | 4.81% | -1.36% | 27.24% |
| NWN | 63Neutral | $2.18B | 16.89 | 8.23% | 3.79% | 3.16% | 20.58% |
* Utilities Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| UTL | Unitil | 55.76 | 9.46 | 20.43% | |
| AVA | Avista | 40.91 | 1.91 | 4.90% | |
| BKH | Black Hills | 86.70 | 19.12 | 28.29% | |
| CPK | Chesapeake Utilities | 140.10 | 8.53 | 6.48% | |
| MDU | Mdu Res | 19.59 | -0.29 | -1.44% | |
| NWN | Northwest Natural Gas | 52.11 | 6.51 | 14.28% |
Unitil Corporate Events
Unitil shifts from bridge financing to long-term notes
PositiveOn October 21, 2026, Unitil subsidiary Maine Natural Gas Corporation issued and sold $40 million of 5.95% senior unsecured notes due October 21, 2031 to a group of institutional investors under a private offering exemption. The long‑term financing is...
Unitil Issues $60 Million in Long-Term Mortgage Bonds
PositiveOn October 14, 2026, Unitil Energy Systems issued and sold $60 million of first mortgage bonds in two series to a group of institutional investors in a private offering exempt from SEC registration. The Series T bonds carry a 5.72% coupon and mature...
Unitil Issues Senior Notes to Strengthen Capital Structure
PositiveOn September 24, 2026, Unitil Corporation entered into a Note Purchase Agreement with a group of institutional investors and issued $27 million of 5.42% Senior Unsecured Notes due 2031 and $33 million of 5.79% Senior Unsecured Notes due 2036. The not...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 04, 2026