Filing Flows › Unitil (UTL) › Q2 2026 › vs Q1 2026
Unitil (UTL) Q2 2026 vs Q1 2026 (quarter over quarter)
Unitil's revenue fell $99.9M (-46%) from $217M in Q1 2026 to $117M in Q2 2026. The biggest changes: Gas −$96.1M (-63%); Electric −$3.8M (-6%). Operating margin 13.2% against 25.8% (-12.6 pts).
Unitil, Q2 2026: revenue $117M (+14% year over year), operating margin 13.2%, net earnings $4.7M, operating cash flow $55.7M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 13.2% | 25.8% | -12.6 pts |
| Net margin | 4.0% | 15.3% | -11.3 pts |
| Free cash flow margin | 10.3% | 8.2% | +2.2 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Electric | $61.7M | $65.5M | −$3.8M | -6% |
| Gas | $55.3M | $151M | −$96.1M | -63% |
| Revenue | $117M | $217M | −$99.9M | -46% |
| Operating profit | $15.4M | $55.9M | −$40.5M | -72% |
| Costs & expenses | $102M | $161M | −$59.4M | -37% |
| Pre-tax earnings | $5.8M | $45.1M | −$39.3M | -87% |
| Other expense, net | $9.6M | $10.8M | −$1.2M | -11% |
| Net earnings | $4.7M | $33.2M | −$28.5M | -86% |
| Income tax | $1.1M | $11.9M | −$10.8M | -91% |
| Working capital & other | $51.0M | $16.9M | $34.1M | +202% |
| Operating cash flow | $55.7M | $50.1M | $5.6M | +11% |
| Free cash flow (OCF − capex) | $12.1M | $17.7M | −$5.6M | -32% |
| Capital expenditures | $43.6M | $32.4M | $11.2M | +35% |
Questions
How much did Unitil's revenue grow quarter over quarter in Q2 2026?
Unitil's revenue fell $99.9M (-46%) from $217M in Q1 2026 to $117M in Q2 2026.
What drove Unitil's revenue change in Q2 2026?
Gas −$96.1M (-63%); Electric −$3.8M (-6%).