The utility firm reported stronger-than-expected earnings and revenue growth for the second quarter of 2026.
Unitil posted Q2 non-GAAP earnings per share of $0.29, matching estimates, while revenue climbed 14% year-over-year to $117 million. The result exceeded expectations by $5.62 million, driven by higher gas adjusted gross margins.
Gas adjusted gross margin reached $40.6 million for the quarter and $122.7 million for the six-month period ending June 30, 2026. These figures represent increases of $3.4 million and $14.6 million, respectively, compared to the same periods last year.
The company did not disclose immediate market reaction in the release.