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How Unitil (UTL) makes money
Unitil (UTL) made $113M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Electric brought in $68.6M (61%); Gas brought in $40.9M (36%); Waters brought in $3.1M (3%).
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Electric | $68.6M | 60.9% | — | +7% |
| Gas | $40.9M | 36.3% | — | +11% |
| Waters | $3.1M | 2.8% | — | — |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $113M | 100.0% |
| Operating cash flow | $35.0M | 31.1% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $113M | +11% |
| Q2 2026 | $117M | +14% |
| Q1 2026 | $217M | +27% |
| Q4 2025 | $162M | +27% |
| Q3 2025 | $101M | +9% |
| Q2 2025 | $103M | +7% |
| Q1 2025 | $171M | -4% |
From Unitil's 10-Q filed Nov 2, 2026 (on EDGAR).
Questions
How does Unitil make money?
Unitil (UTL) made $113M of revenue in the third quarter 2026 (Q3 2026), +11% from a year earlier. Electric brought in $68.6M (61%); Gas brought in $40.9M (36%); Waters brought in $3.1M (3%).
What is Unitil's biggest business?
Electric: $68.6M in the third quarter 2026, 61% of revenue, +7% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.