Unitil Corporation has scheduled the release of its third quarter 2026 earnings for after the market closes on November 2, 2026. The utility holding company will host its conference call and webcast on November 3, 2026, at 2:00 pm (ET) to review the quarterly results.

Conference Call Details

The conference call will be broadcast live in listen-only mode on the company’s Investors page. Presentation materials related to the earnings release will be available prior to the call on the Investors page at investors.unitil.com. An archive of the webcast will remain accessible on the website for one year following the event.

Interested parties may access dial-in information by registering via the web link provided on the company’s investor relations site.

Company Profile

Unitil Corporation provides electricity, natural gas, and water services in New England. The company operates as a public utility holding company with operations in New Hampshire, Maine, and Massachusetts. Its operating utilities serve approximately 110,100 electric customers, 105,000 natural gas customers, and 10,700 water customers.

Unitil Corporation (NYSE: UTL) reported second-quarter 2026 total operating revenue of $117.0 million, a 14.04 percent increase from $102.6 million in the same period of 2025, driven primarily by higher utility rates and customer growth. The New England-based regulated utility posted GAAP net income of $4.7 million, or $0.26 per share, up from $4.0 million, or $0.25 per share, in Q2 2025. Adjusted net income, which excludes transaction costs related to recent acquisitions, was $5.2 million, or $0.29 per share, remaining unchanged year-over-year. The results reflect the integration of Maine Natural Gas Company and Aquarion water assets, strengthening its regulated portfolio across New Hampshire, Maine, and Massachusetts.

The company’s Board of Directors declared quarterly dividends of $0.475 per share in January, April, and July 2026, maintaining an annualized dividend rate of $1.90 per share. Unitil serves approximately 110,100 electric customers, 105,000 natural gas customers, and 10,700 water customers. Management attributed the solid first-half performance to disciplined execution of operating priorities and strategic acquisitions. Chairman and Chief Executive Officer Thomas P. Meissner, Jr., noted that the addition of the Aquarion New Hampshire water companies marks an important milestone in expanding service capabilities across the region.

Financial Performance Overview

Segment Results and Drivers

Electric GAAP gross margin increased by $5.0 million to $23.0 million in the quarter, driven by higher rates and customer growth contributing $5.8 million, partially offset by $0.8 million in higher depreciation and amortization expense. For the six months ended June 30, 2026, electric adjusted gross margin rose $7.9 million to $61.2 million, reflecting $8.6 million from higher rates, partially offset by a one-time reduction of $0.7 million in Federal Energy Regulatory Commission (FERC) transmission revenue.

Gas operations saw GAAP gross margin rise $1.8 million to $25.0 million in Q2 2026. The increase stemmed from higher rates and customer growth of $3.4 million, partially offset by $1.6 million in higher depreciation and amortization. For the first half of 2026, gas adjusted gross margin grew $14.6 million to $122.7 million, benefiting from $13.2 million in rate and customer growth and $1.4 million from favorable colder winter weather compared to 2025. Maine Natural contributed $2.7 million to the three-month gas adjusted gross margin and $8.7 million for the six-month period.

What the Numbers Show

The divergence between top-line growth and flat adjusted earnings per share highlights the impact of rising operational costs alongside revenue expansion. While total operating revenue surged 14 percent, operation and maintenance expenses increased by $2.5 million in the quarter, driven by higher utility operating costs and labor expenses. Depreciation and amortization also rose by $2.4 million due to higher levels of utility plant in service. This cost structure suggests that while rate increases are effectively boosting revenue, they are being absorbed by increased capital intensity and operational expenditures, limiting immediate bottom-line leverage for shareholders in the short term.