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Unitil (UTL) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
Unitil (UTL) reported revenue of $101M for the third quarter 2025 (Q3 2025), +9% from a year earlier and -1% from the quarter before. Operating margin was 6.9%, net loss $300K (0.3% of revenue).
Unitil, Q3 2025: revenue $101M (+9% year over year), operating margin 6.9%, net loss $300K, operating cash flow $15.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $101M | -1% | +9% |
| Operating profit | $7.0M | -47% | — |
| Net earnings | −$300K | -108% | — |
| Operating cash flow | $15.6M | -63% | -40% |
What changed
Revenue was $101.1M in Q3 2025, up 9% year over year and down 1% from the previous quarter. Electric was the largest line at 64% of revenue. Gas added $6.4M year over year (up 21%), 78% of the total change.
Operating profit was $7.0M, a 6.9% margin (up 0.7 points year over year). Of the extra revenue versus a year earlier, 15% reached operating profit, above the 6% margin then. Total costs grew 8% against revenue growth of 9%. The quarter ended with a net loss of $300K, after a profit of $4.0M the previous quarter. Net interest and other expense of $8.6M was the main reason.
Operating cash flow was $15.6M (down 40% year over year). Working capital and other items added $15.9M. Capital expenditures of $54.6M exceeded it, leaving free cash flow of −$39.0M.
Questions
What was Unitil's revenue in the third quarter 2025?
Unitil (UTL) reported revenue of $101M for the third quarter 2025 (Q3 2025), +9% from a year earlier and -1% from the quarter before.
Was Unitil profitable in the third quarter 2025?
Operating profit was $7.0M (6.9% of revenue) and net loss $300K.
Source: Unitil 10-Q on SEC EDGAR.