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Companies / Utilities / UNITIL CORP
UTL

UNITIL CORP

UtilitiesElectric, Gas & Water
Ticker UTLHAMPTON, NHFiscal year ends DecemberBook value per share $35.98Diluted shares 17.9M

Unitil Corporation (NYSE: UTL) operates as a public utility holding company providing electric and natural gas distribution services across New Hampshire, Massachusetts, and Maine. The company's website is unitil.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$536.00M
+8.3% year over year
Last 12 mo $596.50M
18.88%
+0.6 percentage points
Last 12 mo 18.94%
$50.20M
+6.6% year over year
Last 12 mo $56.60M
8.23%
−1 percentage points
Last 12 mo 8.79%
Cash & financing
$131.30M
+4.3% year over year
Last 12 mo $142.80M
$-53.80M
−22.3% year over year
Last 12 mo $-45.50M
1.52
Was 1.46× a year earlier
Last 12 mo 1.49
16.8M
+4.3% year over year
Last 12 mo 17.9M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What UNITIL CORP does

In the company’s own words

Unitil Corporation (NYSE: UTL) operates as a public utility holding company providing electric and natural gas distribution services across New Hampshire, Massachusetts, and Maine. The company's website is unitil.com.

Unitil serves approximately 215,100 customers through five wholly-owned distribution utilities: Unitil Energy Systems, which distributes electricity in southeastern and central New Hampshire; Fitchburg Gas and Electric Light Company, providing both electric and natural gas service in north central Massachusetts; Northern Utilities, delivering natural gas across southeastern New Hampshire and southern and central Maine; Bangor Natural Gas Company, serving the Bangor area of central Maine; and Maine Natural Gas Corporation, operating in southern and central Maine including the greater Portland region. The company also operates Granite State Gas Transmission, an interstate natural gas transmission pipeline providing transportation services across Maine and New Hampshire.

Electric distribution operations generated approximately 44 percent of total operating revenue, while natural gas operations accounted for approximately 56 percent. The company served approximately 110,100 electric customers and 105,000 natural gas customers as of December 31, 2025. Total operating revenue reached $536.0 million in 2025, with net utility plant investment of $1.8 billion.

Unitil's business model centers on regulated cost-of-service utility operations, where the company recovers distribution costs and earns a reasonable return on capital investment. The company benefits from revenue decoupling mechanisms in Massachusetts and New Hampshire that eliminate dependency on sales volumes, providing revenue stability. Customers in competitive markets can purchase electricity and natural gas from third-party suppliers while Unitil maintains the distribution infrastructure.

The company recently expanded through acquisitions, completing the purchase of Bangor Natural Gas Company in January 2025 and Maine Natural Gas Corporation in October 2025, adding approximately 15,400 customers to its service territory. Unitil employed 595 people as of December 31, 2025, with approximately one-third represented by labor unions. The company operates as a regulated holding company system under Federal Energy Regulatory Commission oversight, with distribution utilities regulated by state public utility commissions in their respective jurisdictions.

Company details
Sector
Utilities
Industry
Electric, Gas & Water
Headquarters
HAMPTON, NH
Fiscal year end
December
CIK
755001
SIC
4931

Financial performance, year by year

Fiscal 2013–2025 · USD
$-59.65M$119.30M$298.25M$477.20M$656.15M2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns UNITIL CORP — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

251
funds hold it
0 of 35
superinvestors hold it
$402.80M
held by funds, at market
42.4%
of shares held by funds

Largest fund holders · UNITIL CORP’s weight in each

iShares Core S&P Small-Cap ETF
IJR · iShares Trust
0.05%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.03%of fund net assets
Small Cap Core Fund
JCCIX · John Hancock Investment Trust
1.09%of fund net assets
Heartland Value Fund
HRTVX · HEARTLAND GROUP INC.
1.05%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Could not be determined for this company: bond issues.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do UNITIL CORP and its peers compare on margins and cash generation over ten years?”
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