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Unitil Corporation, a public utility holding company, engages in the distribution of electricity and natural gas. It operates through two segments, Utility Electric Operations and Utility Gas Operations. The company distributes electricity in the southeastern seacoast and state capital regions of New Hampshire, and the greater Fitchburg area of north central Massachusetts; and distributes natural gas in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland and the Lewiston-Auburn area; greater Bangor area of central Maine; and capital city of Augusta, as well as electricity and natural gas in the greater Fitchburg area of north central Massachusetts. It also operates 85 miles of interstate underground natural gas transmission pipeline that provides interstate natural gas pipeline access and transportation services primarily in Maine and New Hampshire. In addition, the company provides real estate management services. It serves approximately 110,100 electric customers and 105,000 natural gas customers. Unitil Corporation was incorporated in 1984 and is headquartered in Hampton, New Hampshire.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $536M | $198M | $50M | $-54M | 8.2% | 8.3% | 6.6% |
| 2024 | $495M | $175M | $47M | $-44M | 9.2% | -11.2% | 4.2% |
| 2023 | $557M | $161M | $45M | $-34M | 9.2% | -1.1% | 9.2% |
| 2022 | $563M | $144M | $41M | $-24M | 8.9% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 563.20 | 557.10 | 494.80 | 536 |
| Cost Of Revenue | - | 394.20 | 374.10 | 298.20 | 314.80 |
| Gross Profit | - | 169 | 183 | 196.60 | 221.20 |
| Operating Expense | - | 88.50 | 95.90 | 106 | 120 |
| Operating Income | - | 80.50 | 87.10 | 90.60 | 101.20 |
| EBITDA | - | 143.50 | 160.70 | 174.90 | 198 |
| EBIT | - | 80.90 | 93.30 | 98.80 | 109.30 |
| Pretax Income | - | 52.60 | 58.40 | 61.10 | 65.50 |
| Tax Provision | - | 11.20 | 13.20 | 14 | 15.30 |
| Net Income | - | 41.40 | 45.20 | 47.10 | 50.20 |
| Net Income Common Stockholders | - | 41.40 | 45.20 | 47.10 | 50.20 |
| Total Expenses | - | 482.70 | 470 | 404.20 | 434.80 |
| Interest Expense | - | 28.30 | 34.90 | 37.70 | 43.80 |
| Interest Income | - | 2.80 | 6.20 | 8.40 | 7.10 |
| Normalized EBITDA | - | 143.50 | 160.70 | 174.90 | 198 |
| Normalized Income | - | 41.40 | 45.20 | 47.10 | 50.20 |
| Market Cap | 949.12 | 949.12 | 949.12 | 949.12 | 949.12 |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Unitil Corporationthis co. | UTL | - | 18.91 | 1.56 | 8.2% | 9.43 |
| Genie Energy Ltd. | GNE | $365M | 47.17 | 1.83 | 7.0% | 7.37 |
| OPAL Fuels Inc. | OPAL | $363M | 13.87 | -4.66 | 3.0% | 39.72 |
| Cadiz Inc. | CDZI | $350M | - | 15.02 | -146.8% | -18.29 |
| Pure Cycle Corporation | PCYO | $271M | 19.75 | 1.83 |
| - |
| - |
| - |
| - |
| - |
| 9.2% |
| 19.34 |
| Global Water Resources, Inc. | GWRS | $207M | 65.45 | 2.39 | 3.4% | 15.40 |
| XCF Global, Inc. | SAFX | $109M | 0.71 | 2.03 | 196.5% | - |
| Verde Clean Fuels, Inc. | VGAS | $85M | - | 1.20 | -12.0% | -0.57 |
| NextNRG, Inc. | NXXT | $57M | - | -2.63 | -751.0% | -1.59 |
| Peer Median | - | 19.75 | 1.83 | 3.2% | 7.37 | |