Overview

* Unitil ( UTL ) Q2 net income decreases $0.3 mln, EPS down $0.02 yr/yr

* Adjusted net income for Q2 rises, excluding acquisition transaction costs

* Electric and gas adjusted gross margins increase, driven by higher rates

Result Drivers

* HIGHER RATES - Increased electric and gas adjusted gross margins driven by higher rates and customer growth

* COLDER WEATHER - Favorable effects of colder winter weather boosted gas sales

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 EPS $0.25

Q2 Net $4 mln

Income

Analyst Coverage

* The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the multiline utilities peer group is "buy."

* Wall Street's median 12-month price target for Unitil Corp ( UTL ) is $60.00, about 13.6% above its August 1 closing price of $51.81

* The stock recently traded at 16 times the next 12-month earnings vs. a P/E of 19 three months ago

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)