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Unitil UTL Regulatory assets

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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$979.86M+21.4%
Enterprise value$1.86B+15.3%
P/E17.5×+0.4×
P/S1.7×0.0×

Profitability

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Operating margin19.1%0.0pp
Net margin9.6%-0.1pp
FCF margin-9.6%+9.7pp

Returns & leverage

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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 us-gaap:RegulatoryAssetsNoncurrent.

The source filing: Unitil’s 10-Q, filed May 4, 2026.

Filed
May 4, 2026, 5:00 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0000755001-26-000010
Line itemMarch 31, 2026March 31, 2025December 31, 2025
Less: Accumulated Depreciation554.4522.4543.7
Net Utility Plant1,812.81,618.91,798.5
Other Noncurrent Assets:
Regulatory Assets39.147.238.8
Operating Lease Right of Use Assets6.56.27.0
Goodwill4.34.3
Other Assets56.222.945.5
Total Other Noncurrent Assets106.176.395.6

Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

FAQ

What is Unitil's regulatory assets?
Unitil (UTL) reported regulatory assets of $39.1M in Q1 2026.
How has Unitil's regulatory assets changed year-over-year?
Unitil's regulatory assets decreased by 17.2% year-over-year, from $47.2M to $39.1M.
What is the long-term trend for Unitil's regulatory assets?
Over 5 years (2020 to 2025), Unitil's regulatory assets has grown at a -21.2% compound annual growth rate (CAGR), from $127.4M to $38.8M.
What does regulatory assets mean?
Costs that have been deferred and are expected to be recovered from ratepayers in future periods as authorized by regulatory commissions. These assets represent future cash inflows guaranteed by the regulatory framework.

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