GlobeNewswire·Feb 9, 2026, 4:30 PM ET

Unitil Reports 2025 Year-End Earnings

UTL

Unitil Corporation reported 2025 GAAP Net Income of $50.2 million ($2.97 EPS), an increase of $3.1 million from 2024.
Adjusted Net Income for 2025 was $53.3 million ($3.16 EPS), reflecting a $5.5 million increase over 2024 after excluding acquisition-related costs.
The company completed acquisitions of Bangor Natural Gas Company and Maine Natural Gas Corporation in 2025, with pending acquisitions of Aquarion Water Company entities.
Electric GAAP Gross Margin reached $82.7 million in 2025, driven by higher rates and customer growth, partially offset by increased depreciation.
Gas GAAP Gross Margin rose to $142.3 million in 2025, primarily due to higher rates and customer growth, with specific contributions from the new gas acquisitions.
Operation and Maintenance expenses increased $14.9 million in 2025 due to higher utility operating costs, labor costs, and acquisition expenses.
Depreciation and Amortization expense grew by $12.6 million in 2025, attributed to higher rates and increased utility plant in service.
Interest Expense, Net increased $7.4 million in 2025, mainly reflecting higher debt levels from recent acquisitions.
Unitil declared a quarterly dividend of $0.475 per share in January 2026, raising the effective annualized rate to $1.90 per share.
The company reaffirmed a long-term EPS growth target of 5% to 7% off the 2025 midpoint of $3.09.
Total Gas Therm Sales increased 26.6% in 2025, while Total Electric kWh Sales decreased 0.6% compared to 2024.
Unitil plans to discuss full-year 2025 results on a conference call scheduled for February 10, 2026, at 2:00 p.m. Eastern Time.