UNITIL CORP

Listed Company

UTLCIK 0000755001NYSELarge AcceleratedElectric & Other Services CombinedNew HampshireFY ends Dec 31

Period

FY 2025

Revenue

$536.00M

Net Income

$50.20M

Total Assets

$2.13B

Equity

$609.60M

Shares Out

17.98M

Op. Cash Flow

$131.30M

Business

UNITIL CORP is a public utility holding company that operates local electric and natural gas distribution and interstate gas transmission businesses. It provides distribution of electricity and natural gas, interstate pipeline transportation, centralized utility services, real estate management and non‑regulated energy services through its subsidiaries. Its key operating subsidiaries include Unitil Energy and Fitchburg (electric distribution), Northern Utilities (gas distribution), Granite State (gas transmission), and non‑utility affiliates that provide administrative services and manage property. Unitil serves retail customers and third‑party suppliers across New Hampshire, Massachusetts and Maine.

Summary from filing dated 2025-02-10

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Total Operating Revenues	536	495	557	563	473
Operation and Maintenance	93	78	76	74	69
Depreciation and Amortization	89	76	67	63	60
Taxes Other Than Income Taxes	31	30	29	26	25
Total Operating Expenses	435	404	470	483	396
Operating Income	101	91	87	81	78
Interest Expense, Net	37	29	29	26	26
Other Expense (Income), Net	−1	200,000	0	2	5
Income Before Income Taxes	66	61	58	53	48
Provision for Income Taxes	15	14	13	11	12
Net Income Applicable to Common Shares	50	47	45	41	36
Earnings per Common Share - Basic	2.97	2.93	2.82	2.59	2.35
Earnings per Common Share - Diluted	2.97	2.93	2.82	2.59	2.35
Weighted Average Common Shares Outstanding - Basic	17	16	16	16	15
Weighted Average Common Shares Outstanding - Diluted	17	16	16	16	15

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and Cash Equivalents	16	6	7	9	7
Accounts Receivable, Net	99	75	75	74	67
Accrued Revenue	87	77	63	73	61
Exchange Gas Receivable	10	6	9	18	7
Gas Inventory	1	1	1	2	1
Materials and Supplies	15	14	14	11	9
Prepayments and Other	12	8	8	8	8
Total Current Assets	240	189	177	195	160
Electric	752	699	655	628	602
Gas	1,413	1,190	1,118	1,044	973
Common	75	69	70	68	66
Construction Work in Progress	102	93	65	53	48
Utility Plant	2,342	2,051	1,908	1,791	1,689
Less: Accumulated Depreciation	544	512	487	460	432
Net Utility Plant	1,799	1,540	1,421	1,332	1,257
Regulatory Assets	39	42	53	48	109
Operating Lease Right of Use Assets	7	7	6	4	5
Goodwill	4	0	—	—	—
Other Assets	46	18	14	12	10
Total Other Noncurrent Assets	96	66	72	64	123
TOTAL ASSETS	2,134	1,795	1,670	1,590	1,540
Accounts Payable	63	50	48	69	52
Short-Term Debt	256	106	162	116	64
Long-Term Debt, Current Portion	38	5	5	7	8
Regulatory Liabilities	17	17	14	15	10
Energy Supply Obligations	12	10	15	24	15
Environmental Obligations	800,000	700,000	600,000	600,000	500,000
Operating Lease Obligations	2	2	2	2	—
Interest Payable	9	8	6	—	—
Other Current Liabilities	29	30	24	27	24
Total Current Liabilities	426	229	277	260	174
Retirement Benefit Obligations	33	26	46	47	134
Deferred Income Taxes, Net	197	186	176	163	128
Cost of Removal Obligations	153	139	126	116	108
Regulatory Liabilities	64	47	34	37	43
Environmental Obligations	7	7	4	4	2
Operating Lease Obligations	5	5	4	3	—
Other Noncurrent Liabilities	7	5	5	4	7
Total Noncurrent Liabilities	466	415	395	374	421
Long-Term Debt, Less Current Portion	633	638	509	489	498
Common Equity (No par value, Authorized 25,000,000 Shares; Outstanding 16,192,345 and 16,192,345 Shares as of respective dates)	418	341	338	335	332
Retained Earnings	191	171	152	133	116
Total Common Stock Equity	609	512	489	467	448
Preferred Stock	200,000	200,000	200,000	200,000	200,000
Total Stockholders' Equity	610	513	489	468	449
Total Capitalization	1,242	1,151	998	957	946
Commitments and Contingencies (Note 7)	—	—	—	—	—
TOTAL LIABILITIES AND CAPITALIZATION	2,134	1,795	1,670	1,590	1,540

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net Income	50	47	45	41	36
Deferred Tax Provision	10	13	7	11	11
Accounts Receivable	−18	0	−1	−7	−5
Accrued Revenue	−300,000	−14	9	−12	−10
Regulatory Liabilities	−3	4	−2	6	4
Exchange Gas Receivable	−3	3	9	—	—
Accounts Payable	7	2	−21	16	19
Other Changes in Working Capital Items	−2	4	1	1	700,000
Deferred Regulatory and Other Charges	−4	−7	−9	−7	−3
Other, net	7	−2	100,000	−5	−2
Cash Provided by Operating Activities	131	126	107	98	108
Property, Plant and Equipment Additions	−185	−170	−141	−122	−115
Acquisitions, Net of Cash Acquired	−160	0	0	—	—
Cash Used In Investing Activities	−346	−170	−141	−122	−115
Proceeds (Repayment of) from Short-Term Debt, net	150	−56	46	52	9
Issuance of Long-Term Debt	32	135	25	0	0
Repayment of Long-Term Debt	−5	−5	−7	−10	−26
Long-Term Debt Issuance Costs	−200,000	−1	−200,000	0	0
Increase in Capital Lease Obligations	100,000	0	300,000	−100,000	−100,000
Net Increase (Decrease) in Exchange Gas Financing	3	−3	−8	10	2
Dividends Paid	−30	−28	−26	−25	−24
Proceeds from Issuance of Common Stock	74	1	1	1	46
Construction Advances	−100,000	0	0	—	—
Cash Provided by Financing Activities	224	44	32	27	8
Net Increase (Decrease) in Cash and Cash Equivalents	9	−200,000	−3	3	500,000
Interest Paid	39	31	31	26	26
Income Taxes Paid	5	3	0	1	1
Payments on Capital Leases	200,000	200,000	200,000	200,000	200,000
Capital Expenditures Included in Accounts Payable	8	12	8	7	5
Right-of-Use Assets Obtained in Exchange for Lease Obligations	2	3	3	1	700,000

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