NYSE$UTL
Unitil Corporation · Q1 2026 earnings
Q1 2026 earnings · · After market close · Investor relations
Briefing
Unitil reported Q1 2026 GAAP net income of $33.2M, or $1.85 per share, with adjusted net income of $33.8M.
For the quarter ended March 31, 2026, Unitil earned GAAP net income of $33.2 million ($1.85 per share), up from $27.5 million ($1.54) in Q1 2025. Adjusted net income was $33.8 million ($1.88) after adding back acquisition-related costs from Bangor, Maine Natural Gas, and Aquarion integrations. The regulated utility holding company benefited from rate recovery and customer growth.
- GAAP net income $33.2M; EPS $1.85.
- Adjusted net income $33.8M after $0.6M transaction costs.
- Quarterly dividend $0.475 per share (annualized $1.90).
- Recent equity offering and acquisitions expanded rate base.
Headline financials
Revenue & EPS history
Unitil · Revenue · Quarterly
$217
Revenue by segment
Unitil · $115M total across 2 segments · Q4 2025
- Electric Revenue$72.8M-3.6%63.2%
- Gas Revenue$42.4M-5.8%36.8%
Forward guidance
Utility outlook driven by allowed ROE, capex plans, and regulatory filings rather than corporate revenue guidance.
Tailwinds
- Earnings growth on larger utility footprint and rates.
- Stable dividend record maintained.
Headwinds
- Weather-normalized sales and O&M inflation affect results.
- Integration costs from water and gas acquisitions may persist.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2026
-0.3%
Avg return
Earnings day
+0.0%
Avg return
5 days after
-0.3%
Avg return
30 days after
49%
32 / 65 earnings
Positive
+5.9%
Q1 2018
Best reaction
-11.3%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.4% | -3.2% | -4.6% | |
| Q4 2025 | +0.4% | +4.6% | +3.7% | |
| Q3 2025 | -0.5% | -2.5% | -1.6% | |
| Q2 2025 | -6.1% | -4.7% | -12.1% | |
| Q1 2025 | -4.1% | -8.2% | -11.4% | |
| Q4 2024 | +2.9% | +3.8% | -0.2% | |
| Q3 2024 | +0.2% | +6.2% | +4.4% | |
| Q2 2024 | -3.5% | -2.5% | -0.6% | |
| Q1 2024 | +0.8% | +2.3% | -3.0% | |
| Q4 2023 | -1.9% | +1.7% | +1.7% | |
| Q3 2023 | +1.4% | +1.7% | +7.1% | |
| Q2 2023 | -3.1% | -4.0% | -6.2% | |
| Q1 2023 | -0.9% | +1.5% | -7.0% | |
| Q4 2022 | +4.5% | +7.9% | +6.8% | |
| Q3 2022 | -0.8% | -0.6% | +1.8% | |
| Q2 2022 | +1.7% | -1.1% | -2.0% | |
| Q1 2022 | +4.8% | +6.0% | +15.1% | |
| Q4 2021 | +3.3% | +8.5% | +13.4% | |
| Q3 2021 | +0.5% | +2.2% | -1.9% | |
| Q2 2021 | -4.6% | -4.3% | -5.0% | |
| Q1 2021 | -4.0% | -1.8% | -1.9% | |
| Q4 2020 | -0.5% | +1.0% | +1.1% | |
| Q3 2020 | -7.8% | -3.4% | +8.5% | |
| Q2 2020 | -5.8% | -9.1% | -8.7% | |
| Q1 2020 | -11.3% | -11.3% | -12.4% | |
| Q4 2019 | -2.6% | -2.6% | -11.0% | |
| Q3 2019 | -1.9% | -3.9% | -4.4% | |
| Q2 2019 | +3.2% | +2.6% | +1.1% | |
| Q1 2019 | +4.9% | +5.1% | +7.0% | |
| Q4 2018 | +5.0% | +6.7% | +12.6% | |
| Q3 2018 | -1.3% | -1.9% | +2.8% | |
| Q2 2018 | -0.2% | -0.9% | +0.7% | |
| Q1 2018 | +5.9% | +4.9% | +4.6% | |
| Q4 2017 | -1.7% | -4.9% | -4.3% | |
| Q3 2017 | +0.7% | +0.0% | -3.3% | |
| Q2 2017 | -0.3% | -1.9% | -3.0% | |
| Q1 2017 | -0.1% | -0.5% | -2.2% | |
| Q4 2016 | +1.4% | +0.3% | -0.7% | |
| Q3 2016 | +1.6% | +4.6% | +13.1% | |
| Q2 2016 | +2.8% | +1.7% | -9.0% | |
| Q1 2016 | -7.4% | — | — | |
| Q4 2015 | +5.1% | — | — | |
| Q3 2015 | -2.5% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | +1.9% | — | — | |
| Q4 2014 | +1.9% | — | — | |
| Q3 2014 | +0.1% | — | — | |
| Q2 2014 | -0.6% | — | — | |
| Q1 2014 | +0.4% | — | — | |
| Q4 2013 | +3.3% | — | — | |
| Q3 2013 | +2.7% | — | — | |
| Q2 2013 | -0.8% | — | — | |
| Q1 2013 | +1.9% | — | — | |
| Q4 2012 | -1.5% | — | — | |
| Q3 2012 | +0.4% | — | — | |
| Q2 2012 | -3.7% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | +1.0% | — | — | |
| Q3 2011 | +1.6% | — | — | |
| Q2 2011 | -1.7% | — | — | |
| Q1 2011 | +3.2% | — | — | |
| Q4 2010 | -2.2% | — | — | |
| Q3 2010 | -1.2% | — | — | |
| Q2 2010 | -2.5% | — | — | |
| Q1 2010 | -3.3% | — | — |
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