Unitil reported a challenging fourth quarter in 2025, with total revenue declining to $115.2 million from $120.5 million in the prior year. Net income also saw a significant drop to $10.5 million, or $0.65 per diluted share, compared to $14.1 million, or $0.88 per diluted share, in Q4 2024. The decrease was largely attributed to lower electric and gas sales volumes, impacted by milder weather and conservation efforts.
Total revenue for Q4 2025 decreased by 4.4% to $115.2 million from $120.5 million in Q4 2024.
Net income for the quarter fell by 25.6% to $10.5 million, resulting in diluted EPS of $0.65.
Electric sales volumes were down by 3.5% and gas sales volumes decreased by 2.8% compared to the same period last year.
Operating expenses, including O&M and depreciation, saw a slight increase, contributing to the lower profitability.
Unitil anticipates continued investment in infrastructure and expects stable, albeit modest, growth in earnings per share for the upcoming fiscal year, driven by rate base growth and cost management initiatives.
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