Unitil Corporation (UTL) AI Stock Analysis
UTL AI stock analysis summary
AI ResearchUnitil Corporation is a diversified utility company providing electricity and natural gas distribution to customers across New Hampshire, Massachusetts, and Maine. In FY2025, the company generated $536.0M in revenue and $50.2M in net income, continuing a 5-year revenue CAGR of 5.1%. Trailing twelve months revenue stands at $596.5M with an EPS of $3.17.
- Market cap
- $986.1M
- Revenue (TTM)
- $596.5M
- P/E
- 17.1x fwd 19.9x
- 1Y return
- 16.8% S&P 500 16.8%
- Avg. target
- $54.00 -0.1% vs last close
Bull case
- Annual net income has grown every fiscal year from $36.1M in FY2021 to $50.2M in FY2025.
- Unitil provides steady dividend income, marked by 42 consecutive years of payments and a forward dividend yield of 3.51%.
- Operating profitability has strengthened, with gross margin expanding from 34.2% in FY2021 to 41.3% in FY2025.
Bear case
- Capital expenditures of $185.1M in FY2025 resulted in free cash flow of -$53.8M.
- Leverage remains significant, with net debt of $946.8M, a debt-to-equity ratio of 1.49, and a current ratio of 0.49 as of June 30, 2026.
- Analyst projections for FY2027 forecast revenue to decline 3.2% to $604.5M.
What Unitil does
Unitil Corporation operates through three segments: Utility Electric Operations, Utility Gas Operations, and Non-Regulated. Its electric division serves the southeastern seacoast and state capital areas of New Hampshire, as well as the greater Fitchburg region in north central Massachusetts. The natural gas business covers southeastern New Hampshire, parts of southern and central Maine including Portland and Lewiston-Auburn, and greater Fitchburg. It also manages an 86-mile interstate underground natural gas transmission pipeline. Serving approximately 107,700 electric and 86,600 natural gas customers, Unitil also provides commercial energy brokering, advisory services, and real estate management.
Growth and profitability
Between FY2021 and FY2025, Unitil increased annual revenue from $473.3M to $536.0M, supported by a 5-year revenue CAGR of 5.1%. Annual net income rose consistently from $36.1M in FY2021 to $41.4M in FY2022, $45.2M in FY2023, $47.1M in FY2024, and $50.2M in FY2025. Over the same period, gross margin expanded from 34.2% to 41.3%, while operating margin grew from 16.4% to 18.9%. EPS increased from $2.37 in FY2021 to $3.10 in FY2025. In the trailing twelve months ended June 30, 2026, revenue reached $596.5M with an EPS of $3.17. For the latest quarter, quarterly revenue grew 14.0% year-over-year while quarterly earnings expanded 5.3%.
Balance sheet and cash flow
As of June 30, 2026, Unitil held $9.2M in cash and short-term investments alongside total debt of $956.0M, resulting in net debt of $946.8M. Total assets stood at $2.22B against shareholders' equity of $643.7M, yielding a debt-to-equity ratio of 1.49 and a current ratio of 0.49. In FY2025, operating cash flow reached $131.3M, while free cash flow was -$53.8M due to capital expenditures of $185.1M. Unitil also paid $30.1M in dividends and raised $73.5M through share issuance.
Valuation and performance
Unitil trades at a trailing P/E of 17.1x, below the 20.6x median of its US-listed Utilities peers, though its forward P/E of 19.9x is above the peer median of 17.2x. The enterprise value of $1.94B reflects an EV/EBITDA multiple of 8.9x compared to the peer median of 12.1x, and a price-to-sales multiple of 1.7x against the peer median of 2.4x. Over the past year, Unitil's return of 16.8% matched the S&P 500 (SPY) return of 16.8%, while its 5-year return of 45.0% trailed SPY's 83.0%.
UTL dividend
Unitil pays an annualized forward dividend of $1.90 per share, representing a 3.51% dividend yield with a payout ratio of 57.7%. Paid on a quarterly frequency, the dividend has been distributed for 42 consecutive years and has delivered a 5-year annualized growth rate of 3.7%. The company's last ex-dividend date was August 17, 2026.
What analysts expect
Wall Street coverage consists of 3 Hold ratings, with 0 Buy and 0 Sell ratings. The mean price target of $54.00 sits -0.1% relative to the last close of $54.07. For the fiscal year ending December 31, 2026, analysts estimate revenue of $624.4M and EPS of $3.31, representing 9.8% EPS growth. Unitil beat EPS estimates in 3 of the last 4 quarters, and its next earnings date is November 2, 2026.
Key risks and what to watch
- Free cash flow has remained in negative territory each year from FY2021 through FY2025, landing at -$53.8M in FY2025.
- The company raised $73.5M via share issuance in FY2025, contributing to a 16.0% dilution in share count over 5 years.
- A cash balance of $9.2M against total debt of $956.0M leaves the company with a low current ratio of 0.49.
- Revenue is estimated to drop 3.2% in the fiscal year ending after 2026, based on the single analyst projection.
AI-generated research summary. Written with AI from Quotelinks data as of October 16, 2026 and checked so every figure matches that data. For information only, not investment advice. Disclaimer
About this UTL AI stock analysis
This page is an AI-written research summary of Unitil Corporation (UTL). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.
Related: UTL income statement, UTL balance sheet, UTL key metrics, UTL analyst forecast, UTL chart. See the UTL stock overview for the latest quote and news.
UTL AI stock analysis FAQ
What does Unitil Corporation do?
Unitil Corporation is a public utility holding company that distributes electricity and natural gas to roughly 107,700 electric and 86,600 gas customers in New Hampshire, Massachusetts, and Maine. It also operates an 86-mile natural gas transmission pipeline and offers energy brokering and advisory services.
What is Unitil's dividend yield and track record?
Unitil has an annualized dividend of $1.90 per share, equating to a 3.51% forward dividend yield with a payout ratio of 57.7%. The company has paid quarterly dividends for 42 consecutive years, generating a 5-year annualized dividend growth rate of 3.7%.
What were Unitil's recent financial results?
In FY2025, Unitil reported revenue of $536.0M, operating income margin of 18.9%, and net income of $50.2M. For the trailing twelve months ended June 30, 2026, revenue reached $596.5M and EPS stood at $3.17.
What do Wall Street analysts expect for UTL stock?
All 3 covering analysts rate Unitil as a Hold, with a mean price target of $54.00, which is -0.1% compared to its last close of $54.07. Consensus estimates project FY2026 revenue of $624.4M and EPS of $3.31.