Unitil Corp Reports Growth in Q3 2026 Earnings Driven by Acquisitions and Rate Increases
Unitil Corp (UTL) reported strong financial results for the first nine months of 2026, with adjusted net income reaching $38.3 million. The company's growth was primarily fueled by strategic utility acquisitions, including Maine Natural Gas, and higher distribution rates across its electric and gas segments. Adjusted earnings per share rose to $2.12, a $0.09 increase compared to the same period in 2025. The company reaffirmed its full-year 2026 earnings guidance with a midpoint of $3.28 per share and maintained long-term earnings growth targets of 5% to 7%. To support future expansion, Unitil has planned a $1.2 billion capital investment program through 2030, representing a significant 24% increase over its previous five-year plan.
Tickers: $UTL
Topics: earnings report financial results gross margin guidance net income