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Unitil (UTL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 6, 2025
Unitil (UTL) reported revenue of $171M for the first quarter 2025 (Q1 2025), -4% from a year earlier and +34% from the quarter before. Operating margin was 27.0%, net earnings $27.5M (16.1% of revenue).
Unitil, Q1 2025: revenue $171M (-4% year over year), operating margin 27.0%, net earnings $27.5M, operating cash flow $52.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $171M | +34% | -4% |
| Operating profit | $46.2M | +64% | +5% |
| Net earnings | $27.5M | +76% | +1% |
| Operating cash flow | $52.1M | +124% | +96% |
| Free cash flow | $19.5M | — | +205% |
What changed
Revenue was $170.8M in Q1 2025, down 4% year over year and up 34% from the previous quarter. Gas was the largest line at 65% of revenue. Electric lost $13.4M year over year (down 18%), 170% of the total change.
Operating profit was $46.2M, a 27.0% margin (up 2.3 points year over year). Total costs fell 7% while revenue fell 4%. Net earnings were $27.5M, up 1% year over year. The effective tax rate was 25.7%.
Operating cash flow was $52.1M (up 96% year over year), 189% of net earnings. Working capital and other items added $24.6M. Capital expenditures of $32.6M left free cash flow of $19.5M.
Questions
What was Unitil's revenue in the first quarter 2025?
Unitil (UTL) reported revenue of $171M for the first quarter 2025 (Q1 2025), -4% from a year earlier and +34% from the quarter before.
Was Unitil profitable in the first quarter 2025?
Operating profit was $46.2M (27.0% of revenue) and net earnings $27.5M.
Source: Unitil 10-Q on SEC EDGAR.