UNITIL CORP UTL

Utilities SIC 4931 - Electric & Other Services Combined NAICS Utilities › Electric Power Generation, Transmission and Distribution derived NYSE

Unitil and its subsidiaries are subject to regulation as a holding company system by the Federal Energy Regulatory Commission (FERC) under the Energy Policy Act of 2005.

Unitil's principal business is the local distribution of electricity and natural gas to approximately 215,100 customers throughout its service territories in the states of New Hampshire, Massachusetts and Maine. Unitil is the parent company of five wholly-owned distribution utilities: i) Unitil Energy, which provides electric service in the southeastern seacoast and state capital regions of New Hampshire, including the capital city of Concord, ii) Fitchburg, which provides both electric and natural gas service in the greater Fitchburg area of north central Massachusetts, iii) Northern Utilities, which provides natural gas service in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland, which is the largest city in northern New England, iv) Bangor, which provides natural gas service in the Bangor area of central Maine, and v) Maine Natural, which provides natural gas service in southern and central Maine, including the greater Portland region, as well as the capital city of Augusta. In addition, Unitil is the parent company of Granite State, an interstate natural gas transmission pipeline company that provides interstate natural gas pipeline access and transportation services to Northern Utilities in its New Hampshire and Maine service territory. Together, Unitil's five distribution utilities serve approximately 110,100 electric customers and 105,000 natural gas customers.

Last close 55.15 2026-10-23
Market cap $1.01B 2026-06-30 share count
52-week range 46.91 - 57.26

Valuation FY2025 figures against the last close

P/S1.9x
P/E18.6x
P/FCF—
EV/EBITDA16.4x
Dividend yield3.0%
Diluted EPS2.97

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $536.0M$494.8M$557.1M$563.2M$473.3M$418.6M$438.2M$444.1M$406.2M$383.4M
Operating income $101.2M$90.6M$87.1M$80.5M$77.8M$71.4M$73.1M$71.2M$75.4M$70.2M
Interest expense $43.8M$37.7M$34.9M$28.3M$27.2M$26.4M$26.6M$26.4M$25.5M$23.7M
Pre-tax income $65.5M$61.1M$58.4M$52.6M$47.6M$42.4M$58.0M$41.4M$46.5M$42.5M
Income tax $15.3M$14.0M$13.2M$9.4M$11.5M$10.2M$13.8M$8.4M$17.5M$15.4M
Net income $50.2M$47.1M$45.2M$41.4M$36.1M$32.2M$44.2M$33.0M$29.0M$27.1M
EPS, basic 2.972.932.822.592.352.15————
EPS, diluted 2.972.932.822.592.352.152.972.232.061.94
Shares, diluted (wtd. avg.) 16.8M16.1M16.1M16.0M15.4M15.0M14.9M14.8M14.1M14.0M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $15.6M$6.3M$6.5M$9.0M$6.5M$6.0M$5.2M$7.8M$8.9M$5.8M
Receivables $98.6M$75.0M$75.0M$73.8M$66.9M$62.0M$55.1M$66.8M$67.4M$52.9M
Total current assets $240.1M$188.8M$177.1M$194.8M$159.7M$139.3M$130.9M$152.2M$151.3M$131.6M
Goodwill $4.3M$0————————
Total assets $2.13B$1.79B$1.67B$1.59B$1.54B$1.48B$1.37B$1.30B$1.24B$1.13B
Accounts payable $62.9M$49.7M$47.7M$68.6M$52.4M$33.2M$37.6M$42.6M$41.5M$32.4M
Short-term debt $37.9M$4.9M$4.9M$6.7M$8.2M$8.5M$19.5M$18.4M$29.8M$16.8M
Total current liabilities $425.8M$228.7M$277.3M$260.1M$173.5M$136.1M$159.8M$192.5M$151.0M$176.9M
Long-term debt $632.6M$638.4M$509.1M$489.1M$497.8M$523.1M$437.5M$387.4M$376.3M$316.8M
Retained earnings $191.2M$171.1M$151.5M$132.5M$116.2M$103.7M$94.1M$72.0M$60.8M$52.2M
Total equity $609.6M$512.5M$489.3M$467.6M$448.5M$389.2M$376.8M$351.3M$336.8M$293.1M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $131.3M$125.9M$107.0M$97.7M$107.8M$75.7M$104.9M$78.5M$86.2M$68.3M
Capital expenditure $185.1M$169.9M$141.0M$122.1M$115.0M$122.6M$119.2M$102.4M$119.3M$98.1M
Investing cash flow -$345.5M-$169.9M-$141.0M-$122.1M-$115.0M-$122.6M-$105.8M-$102.4M-$119.3M-$98.1M
Financing cash flow $223.5M$43.8M$31.5M$26.9M$7.7M$47.7M-$1.7M$22.8M$36.2M$26.9M
Dividends paid $30.1M$27.5M$26.2M$25.1M$23.6M$22.6M$22.1M$21.8M$20.4M$20.0M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-042983.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Revenue, FY2016: 383.4M Net income, FY2016: 27.1M Revenue, FY2017: 406.2M Net income, FY2017: 29M Revenue, FY2018: 444.1M Net income, FY2018: 33M Revenue, FY2019: 438.2M Net income, FY2019: 44.2M Revenue, FY2020: 418.6M Net income, FY2020: 32.2M Revenue, FY2021: 473.3M Net income, FY2021: 36.1M Revenue, FY2022: 563.2M Net income, FY2022: 41.4M Revenue, FY2023: 557.1M Net income, FY2023: 45.2M Revenue, FY2024: 494.8M Net income, FY2024: 47.1M Revenue, FY2025: 536M Net income, FY2025: 50.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $383.4M $406.2M $444.1M $438.2M $418.6M $473.3M $563.2M $557.1M $494.8M $536.0M
Gross profit — — — — — — — — — —
Net income $27.1M $29.0M $33.0M $44.2M $32.2M $36.1M $41.4M $45.2M $47.1M $50.2M

Recent filings and events

  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed Item 1.01
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • New debt or obligation Item 2.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Regulation FD disclosure Item 7.01
  • Material agreement signed Item 1.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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