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Unitil (UTL) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · Unitil (UTL) Q3 2026 earnings results →
Q3 2026 Revenue up 11% year over year to $113M · 1¢ of every $1 of revenue lost · operating margin 6.0%
Unitil made $113M in Q3 2026 (+11% Y/Y): Electric $68.6M, Gas $40.9M, Waters $3.1M. Operating margin 6.0%, net loss $1.5M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $112.6M in Q3 2026, up 11% year over year and down 4% from the previous quarter. Electric was the largest line at 61% of revenue. Electric added $4.3M year over year (up 7%), 37% of the total change.
Operating profit was $6.8M, a 6.0% margin (down 0.9 points year over year). Operating profit fell $200K even though revenue rose $11.5M versus Q3 2025, so costs grew faster than sales. Total costs grew 12% against revenue growth of 11%. The quarter ended with a net loss of $1.5M, after a profit of $4.7M the previous quarter. Net interest and other expense of $10.0M was the main reason.
Operating cash flow was $35.0M (up 124% year over year). Working capital and other items added $36.5M. Capital expenditures of $68.4M exceeded it, leaving free cash flow of −$33.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $113M | +11% | 6.0% | −$1.5M | $35.0M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $117M | +14% | 13.2% | $4.7M | $55.7M |
| Q1 2026 | 10-Q | May 4, 2026 | $217M | +27% | 25.8% | $33.2M | $50.1M |
| Q4 2025 | 10-K | Feb 9, 2026 | $162M | +27% | 21.5% | $19.0M | $21.4M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $101M | +9% | 6.9% | −$300K | $15.6M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $103M | +7% | 13.0% | $4.0M | $42.2M |
| Q1 2025 | 10-Q | May 6, 2025 | $171M | -4% | 27.0% | $27.5M | $52.1M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Unitil
In this Annual Report on Form 10-K, the “Company”, “Unitil”, “we”, and “our” refer to Unitil Corporation and its subsidiaries, unless the context requires otherwise. Unitil is a public utility holding company incorporated under the laws of the State of New Hampshire in 1984. The following companies are wholly-owned subsidiaries of Unitil: Unitil and its subsidiaries are subject to regulation as a holding company system by the Federal Energy Regulatory Commission (FERC) under the Energy Policy Act of 2005.
In its own words, from its 10-K, filed Feb 9, 2026.
Unitil against its Electric & Other Services Combined peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +11% against the peers' median +8%. Operating margin: 6.0% against the peers' median 20.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| UTL Unitil | Q3 2026 | $113M | +11% | 6.0% |
| DUK Duke Energy | Q3 2026 | $9.1B | +7% | 30.2% |
| Pepco Holdings LLC | Q3 2026 | $7.3B | +9% | 18.8% |
| EXC Exelon | Q1 2026 | $7.2B | +8% | 22.2% |
| PCG PG&E | Q3 2026 | $6.2B | -1% | 20.2% |
| ED Consolidated Edison | Q3 2026 | $4.9B | +8% | 23.8% |
| XEL Xcel Energy | Q3 2026 | $4.2B | +7% | 28.5% |
| Consolidated Edison Co of New York | Q2 2026 | $4.1B | +13% | 13.6% |
| PEG Public Service Enterprise Group | Q3 2026 | $3.0B | -6% | 20.6% |
Source: Unitil 10-Q on SEC EDGAR · CIK 755001 · Electric & Other Services Combined
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More on UTL
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results