UNITIL CORPORATION Reports Positive Fiscal Year 2023 Q3 Earnings Results on November 7
November 25, 2023
☀️Earnings Overview
Unitil Corporation ($NYSE:UTL) reported its financial results for fiscal year 2023 Q3 on November 7, showing a total revenue decrease of 5.7% to 103.9 million USD compared to the same period in the previous year. Net income, however, saw an astonishing 180.0% increase year-on-year, reaching 1.4 million USD.
Market Price
UNITIL Corporation‘s stock opened the day at $46.4 and closed at $48.6, an increase of 2.5% from its previous closing price of $47.4. This marked UNITIL’s second consecutive quarter of positive returns, which further demonstrates the company’s financial stability and growth potential. UNITIL attributed this strong performance to its successful cost-cutting efforts and high demand for its products and services.
UNITIL attributed this growth to its focus on customer satisfaction and its commitment to providing reliable services across its service area. Overall, these positive fiscal year 2023 Q3 earnings results are a testament to UNITIL’s continued success and provide investors with confidence in the company’s steadfast performance in the years ahead. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Unitil Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 589 | 44.2 | 7.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Unitil Corporation. More…
| Operations | Investing | Financing |
| 93.7 | -133 | 37.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Unitil Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.62k | 1.14k | 29.81 |
Key Ratios Snapshot
Some of the financial key ratios for Unitil Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 12.1% | 7.6% | 15.3% |
| FCF Margin | ROE | ROA |
| -6.7% | 11.7% | 3.5% |
Analysis
GoodWhale conducted an analysis of UNITIL CORPORATION‘s wellbeing and classified the company as a ‘gorilla’ using our Star Chart. We concluded that UNITIL CORPORATION had achieved stable and high revenue or earning growth due to its strong competitive advantage. In terms of investor appeal, UNITIL CORPORATION is strong in terms of assets, dividends, and profitability, and medium in terms of growth. Additionally, UNITIL CORPORATION has an intermediate health score of 4/10 with regard to its cashflows and debt, indicating that the company is likely to pay off debt and fund future operations. Therefore, UNITIL CORPORATION may be of interest to value-oriented or growth-oriented investors. More…
Peers
Unitil provides electricity and natural gas service to over 206,000 customers in New Hampshire, Massachusetts, and Maine, and natural gas service to approximately 5,000 customers in southeastern New Hampshire. The Company’s operating utilities include Fitchburg Gas and Electric Light Company, Granite State Gas Transmission, Inc., Unitil Energy Systems, Inc., and Unitil Service Corp. Avista Corp, NorthWestern Corp, MGE Energy Inc are all competitors of Unitil Corp.
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Avista Corp is a publicly traded company that provides energy services to customers in the Pacific Northwest. The company has a market capitalization of $2.94 billion and a return on equity of 6.4%. Avista Corp is headquartered in Spokane, Washington and has approximately 2,700 employees. The company’s primary business is the generation, transmission, and distribution of electricity and natural gas. In addition to its energy services, Avista Corp also provides water service to customers in Washington and Idaho.
– NorthWestern Corp ($NASDAQ:NWE)
NorthWestern Corp is a US based power delivery company. The company has a market cap of 3.29B as of 2022 and a Return on Equity of 6.65%. The company is engaged in the business of providing electric and natural gas service to customers in Montana, South Dakota and Nebraska.
– MGE Energy Inc ($NASDAQ:MGEE)
MGE Energy Inc is a public utility holding company, which engages in the generation, purchase, transmission, distribution, and sale of electricity. It also generates and sells steam to customers in downtown Madison, Wisconsin. The company was founded in 1896 and is headquartered in Madison, WI.
Summary
UNITIL CORPORATION reported promising Q3 earnings results for fiscal year 2023. Total revenue decreased by 5.7% year-on-year, but net income saw a massive 180.0% increase, reaching USD 1.4 million. This indicates that the company is continuing to drive more value for its shareholders and is a positive sign of long-term financial stability. Investors should continue to watch UNITIL CORPORATION for its performance in the coming quarters to ensure the company’s financial health is sustained.
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