What is Unitil's construction advances?

Unitil (UTL) reported construction advances of $1.1M in Q1 2026.

What does construction advances mean?

This represents payments received from customers or developers to fund the construction of utility infrastructure required for new service connections. It serves as a non-debt source of capital that reduces the net investment required by the utility to expand its distribution network.

Unitil UTL Construction Advances

Construction Advances at other companies

AWR

American States WaterAWR

$81.66M+16.8%

AWK

American Water WorksAWK

$19M+46.2%

California Water Service GroupCWT

$10.14M+6.8%

Essential UtilitiesWTRG

$9.72M+37.5%

AWR

American States WaterAWR

$3.5M+24.9%

Essential UtilitiesWTRG

$6.13M+3.5%

Other financials

Income statement

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Revenue$216.9M+27.0%

Operating income$55.9M+21.0%

Net income$33.2M+20.7%

EPS (diluted)$1.85+9.5%

Balance sheet

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Cash & equivalents$16.9M+65.7%

Total debt$896.5M+9.8%

Total equity$636.0M+19.1%

Total assets$2.2B+14.0%

Cash flow

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Operating cash flow$50.1M-3.8%

CapEx$32.4M-0.6%

Free cash flow$17.7M-9.2%

Valuation

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Market cap$943.08M+11.9%

Enterprise value$1.82B+10.5%

P/E16.9×-0.9×

P/S1.6×-0.1×

Profitability

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Operating margin19.1%0.0pp

Net margin9.6%-0.1pp

FCF margin-9.6%+9.7pp

Returns & leverage

See full

Return on equity9.6%+0.5pp

Debt / equity1.4×-0.1×

Current ratio0.6×-0.1×

Where this comes from

Reported directly by Unitil in its filing.

Tagged under the XBRL concept utl:ConstructionAdvances.

The official record: Unitil’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Unitil's construction advances?: Unitil (UTL) reported construction advances of $1.1M in Q1 2026.
What does construction advances mean?: This represents payments received from customers or developers to fund the construction of utility infrastructure required for new service connections. It serves as a non-debt source of capital that reduces the net investment required by the utility to expand its distribution network.