Unitil Corporation (UTL) filed its Q3 2025 10‑Q, reporting Total Operating Revenue of $101.1 million and a GAAP Net Loss of $0.3 million (EPS of ($0.02)). Adjusted Net Income was $0.4 million (EPS of $0.03) after excluding acquisition-related costs. For the first nine months, GAAP Net Income was $31.2 million (EPS of $1.89) and Adjusted Net Income was $33.5 million (EPS of $2.03).
Electric Adjusted Gross Margin rose to $33.1 million in Q3, while Gas Adjusted Gross Margin increased to $26.6 million, reflecting higher rates and customer growth; Bangor contributed to gas revenue and margins. O&M and Depreciation & Amortization rose on higher utility activity and recent rate cases. Interest expense increased with higher long-term debt. The Board declared quarterly dividends of $0.45 per share. Unitil completed the acquisition of Maine Natural Gas Company on October 31, 2025, expanding its gas footprint. The company also raised approximately $71.8 million by issuing 1,602,358 common shares at $46.65 and maintains a $50 million ATM program, with $48.5 million remaining. Common shares outstanding were 17,914,793 as of October 31, 2025.
David A. Whiteley, a director of Unitil Corp (UTL), reported stock compensation and a grant on 10/01/2025. He acquired 2,435 shares of common stock at a reported price of $47.22 per share as the stock portion of his annual director retainer. Separately, he holds 9,248 restricted stock units (RSUs) that are fully vested and payable after separation from Board service. Each RSU equals one share and will be paid 70% in common stock and 30% in cash, with payouts based on the closing stock price the day before settlement. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Whiteley on 10/03/2025.
Justine Vogel, a director of Unitil Corporation (UTL), received 2,435 shares of Unitil common stock on 10/01/2025 as the stock portion of her annual director retainer. The shares were issued under the Unitil Corporation Third Amended and Restated 2003 Stock Plan and were transferred into her name at an indicated price of $47.22 per share. After this transaction Ms. Vogel beneficially owned 12,134 shares. The Form 4 was signed on 10/03/2025 by Sandra L. Whitney as attorney-in-fact. The filing is a routine Section 16 disclosure showing a director compensation-related issuance rather than an open-market purchase or sale.
Jane Lewis-Raymond, a director of Unitil Corporation (UTL), reported transactions on 10/01/2025. She disposed of 288.33 shares of common stock (Code V) and was granted 2,435 restricted stock units (RSUs) that are fully vested upon grant and payable 70% in Common Stock and 30% in cash based on the closing price the day before settlement. The RSUs have an attributed per-share price of $47.22 and represent the right to receive that mix of stock and cash after she separates from the Board.
The filing also clarifies that prior small share amounts (2.235; 2.369; 2.725) were acquired via dividend reinvestment earlier in 2025. The Form 4 is signed by an attorney-in-fact on behalf of the reporting person.
Katherine Kountze, a director of Unitil Corporation (UTL), received 1,624 shares of the company's common stock on 10/01/2025 as the stock portion of her annual director retainer. The shares were granted under the Unitil Corporation Third Amended and Restated 2003 Stock Plan and were transferred into her name at a reported price of $47.22 per share. The Form 4 shows these shares are held directly and lists 1,624 shares beneficially owned following the transaction. The filing was signed on behalf of Ms. Kountze by Sandra L. Whitney, attorney-in-fact, on 10/03/2025.
Michael B. Green, a Director of Unitil Corp (UTL), reported transactions dated 10/01/2025. The filing shows a grant of 2,435 restricted stock units (RSUs) that are fully vested on grant and valued at $47.22 per share for disclosure purposes. The RSUs will be payable after separation from Board service and will be settled 70% in common stock and 30% in cash, based on the closing price the day before settlement. The report also shows a reported disposition of 5,529.746 shares and indicates 21,357 shares beneficially owned following the reported transactions.
Unitil Corporation director Suzanne Foster received 2,435 shares of Unitil common stock as the stock portion of her annual director retainer, with the transaction reported as having occurred on 10/01/2025. The reported per-share price for the award was $47.22, and following the transfer Ms. Foster beneficially owned 12,134 shares. The grant was made under the Unitil Corporation Third Amended and Restated 2003 Stock Plan and the Form 4 was signed on behalf of Ms. Foster by an attorney-in-fact.
Mark H. Collin, a director of Unitil Corp (UTL), received 2,435 shares of the company's common stock on 10/01/2025 as the stock portion of his annual director retainer under the Third Amended and Restated 2003 Stock Plan. The transaction was reported on Form 4 and recorded at a price of $47.22 per share. Following the grant, the filing shows beneficial ownership of 58,837.16 shares. The Form 4 was signed by an attorney-in-fact on behalf of Mr. Collin on 10/03/2025. The filing discloses a routine director compensation share grant and does not list any derivative transactions.
Winfield S. Brown, a director of Unitil Corporation (UTL), received 2,435 shares of common stock on 10/01/2025 as part of his annual director retainer under the Unitil Third Amended and Restated 2003 Stock Plan. The shares were issued at an indicated price of $47.22 per share.
The filing also reports 3,326 restricted stock units (RSUs) held by Mr. Brown. Each RSU equals one share and is fully vested on grant; payout is structured as 70% in common stock and 30% in cash based on the closing price the day before settlement, payable after separation from service.
Neveen F. Awad, a director of Unitil Corporation (UTL), filed a Form 4 reporting changes in her beneficial ownership. The filing shows a reported disposition of 3,985.5 shares of common stock and the grant/acquisition of 2,435 restricted stock units (RSUs) on 10/01/2025. Each RSU is equivalent to one share and is fully vested upon grant; they are payable 70% in common stock and 30% in cash based on the closing price the day before settlement. The filing lists an attributable per-share reference price of $47.22 for the RSU conversion to common stock and is signed on behalf of Ms. Awad by an attorney-in-fact on 10/03/2025.