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Unitil Completes Aquarion NH/Abenaki Water Acquisition; Long-Term EPS Growth Targeted

Jun 30, 2026, 5:39 PM EDT1 sourcesAI-analyzed

Why it may matterVerify against the original reporting

Adds regulated assets and higher rate base; long-term EPS growth target of 5-7% supports multiple expansion, though near-term leverage may weigh; positive fundamental shift for a regulated utility.

AI summary

What happened, with direct paths to the underlying reporting

Unitil completed the purchase of Aquarion Water Company of New Hampshire and Abenaki Water Co., expanding its regulated water footprint in NH with ~11,000 customers across eight communities. The $55.8 million deal, funded by a Scotiabank term loan, adds about 226k total UTL customers and is expected to be earnings accretive over the long term, targeting 5-7% long-term EPS growth.

Unitil closes Aquarion NH and Abenaki Water acquisition; NH and Maine approvals completed.
Aquarion Companies serve ~11,000 NH customers in eight communities; ~150 miles of mains.
Rate base about $47.0 million as of 12/31/2025.
Purchase price $55.8M; debt $13.7M; combined customers ~226k; EPS growth 5-7% long-term.

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