Unitil's Q3 2025: Strong Results & Growth

Unitil Corporation delivers robust Q3 2025 results, with adjusted earnings of $0.03 per share, up 1 cent from last year. For the first nine months, they hit $2.03 per share on $33.5 million in adjusted net income, a slight increase over 2024. The company successfully integrated Bangor Natural Gas and closed the Maine Natural Gas acquisition. The Aquarion Water deal is progressing, with New Hampshire approval and more expected from Connecticut, Massachusetts, and Maine. Customer counts surged, adding 560 electric and 9,400 gas users, boosted by the Bangor deal. Their utility-scale solar project in Kingston, New Hampshire, is fully online, powering about 2,000 homes. Electric and gas margins increased by 5.8% and 16.5%, respectively, driven by rates, growth, and colder weather. Unitil raised $72 million in equity to fund deals, maintaining their funds-from-operations-to-debt ratio at 17%. The New Hampshire rate case is heading to settlement talks early next year. These moves accelerate rate base growth to 10% yearly through 2029, supporting earnings expansion in the upper five to seven percent range, with 2025 guidance reaffirmed at $3.01 to $3.17 per share. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/49f9ff5a1d31cc48