Unitil Corporation (UTL) Stock

Unitil Corporation (UTL) is a Utilities stock trading at $53.20 (as of 2026-08-21), with a market capitalization of $957.02M and a trailing P/E of 16.9. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Unitil Corporation is a utility holding company that distributes electricity and natural gas through Utility Electric Operations and Utility Gas Operations, and also operates a Non-Regulated segment. It serves about 107,700 electric and 86,600 natural gas customers in New Hampshire, Massachusetts, and Maine, and provides energy-related services and interstate underground natural gas transmission access.

Understand Unitil Corporation: how it makes money

Unitil Corporation distributes electricity and natural gas, making money by delivering utility service to customers in its regulated service areas and also operating a non-regulated segment.

Unitil's profit dynamics for its gas business are shaped by regulated cost recovery, including a fixed percentage of gas commodity costs (70%), and by how revenue connects to customer usage via decoupled rates (52% of gas customers, and 100% of electric customers).

Business quality (Strong): A straightforward utility model with tracked operating performance (service restoration, reliability, emergency response, and safety) and clear regulated mechanisms (commodity cost pass-through and decoupled rates). The main investor focus is execution on reliability and safety, plus the stability of regulated frameworks.

Valuation: At 16× earnings, UTL trades 29% below the Utilities average (22×). Note: one-time items can distort reported P/E.

Bull case

Service restoration performance: The company reports electric service restoration to affected customers of 99% and affected customer service restoration within 48 hours of 99%.
Strong customer satisfaction: Unitil reports 87% of customers satisfied with service and a customer satisfaction rank national of 18.
Regulatory customer-usage framework is actively reflected in its metrics: 52% of gas customers are under decoupled rates, and 100% of electric customers are on decoupled rates.

Bear case

Operational reliability risk remains central: Unitil reports tracked electric reliability interruption time relative to national average (32%). Investors must monitor how these interruption metrics trend over time.
Safety and emergency readiness are ongoing execution risks: Unitil reports electric system safety of 67 (count), a days away restricted or transferred safety metric of 91%, and gas emergency response time within 30 minutes of 0.92.

Valuation — source: SEC EDGAR (first-party)
Price	$53.20
Market Cap	$957.02M
P/E Ratio	16.9
EV / EBITDA	16.5
Price / Book	1.49
Price / Sales	1.60
FCF Yield	-4.8%
DCF Value (model)	$13.44
DCF Upside vs Price	-74.7%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$536.00M
Net Margin	9.4%
Revenue Growth (YoY)	14.0%
EPS Growth (YoY)	4.0%
FCF Growth (YoY)	505.0%

Financial Health — source: SEC EDGAR
Altman Z-Score	0.81 (distress)

Valuation vs Sector & Industry
Stock P/E	16.9
Sector P/E (Utilities)	20.8
Industry P/E (Utilities)	20.1
vs Sector	-18.9%
vs Industry	-15.8%

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	BlackRock, Inc. ($148.02M)
Institutional Holders Tracked	10

Company
Sector	Utilities
Industry	Utilities
CEO	Thomas Meissner Jr.
Employees	565
Country	US
IPO Date	1985-03-07

Related Companies (Business model: Regulated Utility (Electric / Gas); 8 closest by market cap; US-domiciled)

Data as of 2026-08-21.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.