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Unitil (UTL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 3, 2026
Unitil (UTL) reported revenue of $117M for the second quarter 2026 (Q2 2026), +14% from a year earlier and -46% from the quarter before. Operating margin was 13.2%, net earnings $4.7M (4.0% of revenue).
Unitil, Q2 2026: revenue $117M (+14% year over year), operating margin 13.2%, net earnings $4.7M, operating cash flow $55.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $117M | -46% | +14% |
| Operating profit | $15.4M | -72% | +16% |
| Net earnings | $4.7M | -86% | +18% |
| Operating cash flow | $55.7M | +11% | +32% |
| Free cash flow | $12.1M | -32% | +505% |
What changed
Revenue was $117.0M in Q2 2026, up 14% year over year and down 46% from the previous quarter. Electric was the largest line at 53% of revenue. Electric added $10.7M year over year (up 21%), 74% of the total change.
Operating profit was $15.4M, a 13.2% margin (up 0.2 points year over year). Of the extra revenue versus Q2 2025, 15% reached operating profit, above the 13% margin then. Total costs grew 14% against revenue growth of 14%. Net earnings were $4.7M, up 18% year over year. The effective tax rate was 19.0%.
Operating cash flow was $55.7M (up 32% year over year), 1185% of net earnings. Working capital and other items added $51.0M. Capital expenditures of $43.6M left free cash flow of $12.1M.
Questions
What was Unitil's revenue in the second quarter 2026?
Unitil (UTL) reported revenue of $117M for the second quarter 2026 (Q2 2026), +14% from a year earlier and -46% from the quarter before.
Was Unitil profitable in the second quarter 2026?
Operating profit was $15.4M (13.2% of revenue) and net earnings $4.7M.
Source: Unitil 10-Q on SEC EDGAR.