Key Highlights

  • Third-quarter 2026 Revenue at UTL totaled $112.6 million, against $101.1 million in the same quarter of 2025.
  • A net loss of $1.5 million, equal to $0.08 a share, replaced a smaller loss in the same quarter last year.
  • Nine-month Net Income of $36.4 million equated to $2.02 per share, which was $5.2 million higher than the prior-year period.
  • Cash from operations totaled $140.8 million across nine months, against $109.9 million a year earlier.
  • The board held its quarterly Dividend steady at $0.475 per share, or $1.90 annualized.

A Larger Third-Quarter Deficit Tracks Heavier Interest and Running Costs

Unitil (NYSE:UTL) filed its Quarterly Report on Nov 2, 2026, detailing results through Sep 30, 2026. Revenue rose to $112.6 million, against $101.1 million a year before, a gain of roughly 11.4% (calculated). The company posted a net loss of $1.5 million, equal to $0.08 a share, which widened by $1.2 million, or $0.06 a share, relative to the same quarter in 2025.

Adjusted net loss, which strips out Transaction Costs linked to recent deals, reached $0.7 million, equal to $0.04 a share, an improvement of $1.1 million from last year. Operating Income came in at $6.8 million, compared with $7.0 million a year before, and net interest expense climbed to $11.0 million, up from $8.9 million, reflecting greater short-dated facilities and long-term obligations.

Across New Hampshire, Massachusetts and Maine, this public Utility Holding Company distributes electricity, Natural Gas and water. Its footprint includes 105,000 gas customers, around 110,100 electric customers and 10,700 water customers.

Electric and Gas Gross Margins Expand While Operating Costs Outpace Them

Electric Operating Revenue went up 6.7% to $68.6 million, while the electric adjusted gross Margin climbed by $1.7 million, reaching $34.8 million, supported by rate increases and growth in customers. Gas revenue grew 11.1% to $40.9 million; gas adjusted gross margin increased by $2.6 million, landing at $29.2 million, with $1.8 million coming from the Maine gas utility bought on Oct 31, 2025.

Operation and maintenance costs rose by $4.9 million, reaching $26.8 million, and Depreciation and amortization grew by $2.6 million, arriving at $24.8 million.

Water Acquisition Contributes $3.1 Million; Nine-Month Profit Also Rises

The company completed its acquisition of two water utilities in New Hampshire on Jun 30, 2026, paying $42.6 million and bringing service to eight communities. Water operations brought in $3.1 million of sales this quarter, and the prior-year span had nothing equivalent.

Across the nine months to Sep 30, 2026, net income stood at $36.4 million, a $5.2 million improvement, equaling $2.02 a share and $0.13 more than before. Nine-month revenue hit $446.5 million compared with $374.5 million, a 19.2% gain (calculated).

Rate Proceedings, October Debt Moves and the Unchanged Quarterly Payout

Nine-month operating cash generation came to $140.8 million, against $109.9 million the year before, and Capital spending on property and equipment totaled $144.4 million. A Subsidiary of the utility placed $60.0 million of bonds during October 2026, the Maine gas utility sold $40.0 million in notes carrying a 5.95% coupon and due 2031, and the delayed-draw term Loan was paid off on Oct 22.

On Aug 28, 2026, regulators greenlit a $3.2 million step-up for the electric arm in New Hampshire, while a $9.8 million rate request from the New Hampshire gas Business is still under review. Directors declared the $0.475 quarterly payment on Oct 28; it is due Nov 30 for shareholders registered as of Nov 13.