Overview
Unitil
New England electric and gas company Unitil serves about 108,500 electric customers and some 88,400 natural gas customers. Unitil's principal business is the local distribution of electricity and natural gas to customers throughout its service territories in the states of New Hampshire, Massachusetts, and Maine. All of Unitil Energy's and Fitchburg's electric customers are entitled to purchase their supply of electricity from third-party competitive
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Read More suppliers, while Unitil Energy and Fitchburg remain their electric distribution company. In addition, Unitil is the parent company of Granite State, a natural gas transmission pipeline, regulated by the FERC, operating about 85 miles of underground gas transmission pipeline primarily located in Maine and New Hampshire. Granite State provides Northern Utilities with interconnection to three major natural gas pipelines and access to North American pipeline supplies.
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Read More suppliers, while Unitil Energy and Fitchburg remain their electric distribution company. In addition, Unitil is the parent company of Granite State, a natural gas transmission pipeline, regulated by the FERC, operating about 85 miles of underground gas transmission pipeline primarily located in Maine and New Hampshire. Granite State provides Northern Utilities with interconnection to three major natural gas pipelines and access to North American pipeline supplies.
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Thomas P Meissner
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Electric Power Generation, Transmission and Distribution
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Natural Gas Distribution
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Utilities
,
Electric and other services combined
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Distribution, electric power
See All Industries , Natural gas distribution Gas power broker
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See All Industries , Natural gas distribution Gas power broker
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Modelled
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Actual
$494.80 million
Actual
-11.18%
4.2%
$1,794
DEC
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NYSE:UTL
Contacts
Get in Touch with 5 Principals* and 180 Contacts
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Thomas P MeissnerChairman of the Board and Chief Executive Officer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$494.80 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $126 | $107 | $98 |
| Net Investing Cash | -$170 | -$141 | -$122 |
| Net Financing Cash | $44 | $32 | $27 |
| Net Change in Cash | -$0 | -$2 | $2 |
| Cash at Beginning of Period | $6 | $9 | $6 |
| Cash at End of Period | $6 | $6 | $9 |
| Capital Expenditure | -$170 | -$141 | -$122 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $6 | $6 | $9 |
| Accounts Receivable | $75 | $75 | $74 |
| Inventories | $15 | $14 | $13 |
| Other Current Assets | $92 | $81 | $99 |
| Asset Summary | |||
| Total Current Assets | $189 | $177 | $195 |
| Tangible Fixed Assets | $1,546 | $1,426 | $1,336 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $1,794 | $1,670 | $1,590 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $50 | $48 | $69 |
| Short-Term Debt | $111 | $167 | $123 |
| Other Current Liabilities | $68 | $63 | $69 |
| Liability Summary | |||
| Total Current Liabilities | $229 | $277 | $260 |
| Long-Term Debt | $638 | $509 | $489 |
| Other Long-Term Liabilities | $144 | $131 | $120 |
| Total Liabilities | $1,282 | $1,181 | $1,123 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $341 | $338 | $335 |
| Retained Earnings | $171 | $152 | $132 |
| Equity Summary | |||
| Total Equity | $512 | $489 | $468 |
| Shares Outstanding | 16,192,345 | 16,116,724 | 16,043,355 |