Unitil (UTL) has disclosed a new risk, in the Capital Markets category.
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The implementation of tariffs on energy imports from Canada, as proposed by the U.S. presidential administration, presents a significant risk to Unitil’s business operations and financial outcomes. Given that Unitil sources natural gas primarily from U.S. domestic and Canadian suppliers through short-term contracts, these tariffs could substantially elevate the costs of acquiring natural gas. This increase in costs might lead to decreased customer demand, necessitating the exploration of alternative natural gas sources, which may not be readily available or cost-effective. Consequently, such developments could negatively impact Unitil’s financial condition or operational results.
The average UTL stock price target is $57.00, implying 1.48% upside potential.
To learn more about Unitil’s risk factors, click here.
