UNITIL Corporation (UTL) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
6 LIBERTY LANE WEST HAMPTON, NH 03842 |
| State of Incorp. | NH |
| Fiscal Year End | December 31 |
| Industry (SIC) | 4931 - Electric and Other Services Combined (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 9/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 6,300 | 6,500 | 9,000 | 6,500 | 6,000 | 5,200 | |||
| Cash and cash equivalent | 6,300 | 6,500 | 9,000 | 6,500 | 6,000 | 5,200 | |||
| Receivables | 81,400 | 84,400 | 91,800 | 74,300 | 66,900 | 61,200 | |||
| Regulatory asset | 70,100 | 56,500 | 66,500 | 47,400 | 37,300 | 35,800 | |||
| Other undisclosed current assets | 31,000 | 29,700 | 27,500 | 31,500 | 29,100 | 28,700 | |||
| Total current assets: | 188,800 | 177,100 | 194,800 | 159,700 | 139,300 | 130,900 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 6,700 | 5,600 | 4,300 | 4,700 | 5,200 | 4,000 | |||
| Intangible assets, net (including goodwill) | |||||||||
| Goodwill | |||||||||
| Regulated entity, other noncurrent assets | 45,900 | 56,300 | 51,100 | 112,500 | 131,200 | 115,500 | |||
| Other noncurrent assets | 17,500 | 13,700 | 11,800 | 9,800 | 12,800 | 12,400 | |||
| Other undisclosed noncurrent assets | 1,535,600 | 1,417,700 | 1,328,400 | 1,253,600 | 1,189,400 | 1,108,000 | |||
| Total noncurrent assets: | 1,605,700 | 1,493,300 | 1,395,600 | 1,380,600 | 1,338,600 | 1,239,900 | |||
| TOTAL ASSETS: | 1,794,500 | 1,670,400 | 1,590,400 | 1,540,300 | 1,477,900 | 1,370,800 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 58,100 | 49,600 | 68,600 | 52,400 | 33,200 | 37,600 | |||
| Accounts payable | 49,700 | 47,700 | 68,600 | 52,400 | 33,200 | 37,600 | |||
| Accrued liabilities | 8,400 | 1,900 | |||||||
| Debt | 110,800 | 167,000 | 122,700 | 72,300 | 63,200 | 78,100 | |||
| Derivative instruments and hedges, liabilities | 10,000 | 15,000 | 24,100 | 14,500 | 10,400 | 10,500 | |||
| Regulatory liability | 17,200 | 13,500 | 15,000 | 9,500 | 5,500 | 7,400 | |||
| Accrued environmental loss contingencies | 700 | 600 | 600 | 500 | 300 | 600 | |||
| Other liabilities | 30,200 | 29,800 | 29,100 | 24,300 | 23,500 | 25,600 | |||
| Other undisclosed current liabilities | 1,700 | 1,800 | |||||||
| Total current liabilities: | 228,700 | 277,300 | 260,100 | 173,500 | 136,100 | 159,800 | |||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 228,800 | 218,600 | 210,200 | 292,800 | 429,500 | 293,100 | |||
| Asset retirement obligations | 139,200 | 126,300 | 116,100 | 107,500 | 105,200 | 96,000 | |||
| Deferred income tax liabilities | 109,000 | ||||||||
| Liability, pension and other postretirement and postemployment benefits | 25,500 | 45,600 | 46,800 | 133,900 | 162,300 | 141,900 | |||
| Accrued environmental loss contingencies | 7,100 | 4,000 | 3,800 | 2,200 | 1,800 | 2,100 | |||
| Regulatory liability | 46,800 | 34,400 | 36,900 | 42,600 | 44,300 | 46,600 | |||
| Other liabilities | 5,300 | 4,600 | 6,600 | 6,600 | 6,900 | 6,500 | |||
| Operating lease, liability | 4,900 | 3,700 | |||||||
| Other undisclosed noncurrent liabilities | 186,100 | 176,100 | 163,400 | 127,700 | 103,600 | ||||
| Total noncurrent liabilities: | 414,900 | 394,700 | 373,600 | 420,500 | 429,500 | 396,700 | |||
| Total liabilities: | 643,600 | 672,000 | 633,700 | 594,000 | 565,600 | 556,500 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 512,500 | 489,300 | 467,600 | 448,500 | 389,200 | 376,800 | |||
| Preferred stock | 200 | 200 | 200 | 200 | 200 | 200 | |||
| Retained earnings | 171,100 | 151,500 | 132,500 | 116,200 | 103,700 | 94,100 | |||
| Other undisclosed equity, attributable to parent | 341,200 | 337,600 | 334,900 | 332,100 | 285,300 | 282,500 | |||
| Total equity: | 512,500 | 489,300 | 467,600 | 448,500 | 389,200 | 376,800 | |||
| Other undisclosed liabilities and equity | 638,400 | 509,100 | 489,100 | 497,800 | 523,100 | 437,500 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,794,500 | 1,670,400 | 1,590,400 | 1,540,300 | 1,477,900 | 1,370,800 | |||
Income Statement (P&L) ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 494,800 | 557,100 | 563,200 | 473,300 | 418,600 | 438,200 | ||
| Gross profit: | 494,800 | 557,100 | 563,200 | 473,300 | 418,600 | 438,200 | ||
| Operating expenses | (4,300) | (6,400) | (6,700) | (5,600) | (6,300) | 7,800 | ||
| Other undisclosed operating loss | (399,900) | (463,600) | (476,000) | (389,900) | (340,900) | (372,900) | ||
| Operating income: | 90,600 | 87,100 | 80,500 | 77,800 | 71,400 | 73,100 | ||
| Nonoperating income (expense) | (200) | (2,400) | (4,600) | 5,200 | 8,600 | |||
| Loss on contract termination | ||||||||
| Other nonoperating income (expense) | (200) | (2,400) | (4,600) | 5,200 | 8,600 | |||
| Interest and debt expense | (34,900) | (28,300) | (27,200) | (26,400) | (26,600) | |||
| Income from continuing operations before equity method investments, income taxes: | 90,400 | 52,200 | 49,800 | 46,000 | 50,200 | 55,100 | ||
| Other undisclosed income (loss) from continuing operations before income taxes | (29,300) | 6,200 | 2,800 | 1,600 | (7,800) | 2,900 | ||
| Income from continuing operations before income taxes: | 61,100 | 58,400 | 52,600 | 47,600 | 42,400 | 58,000 | ||
| Income tax expense | (14,000) | (13,200) | (11,200) | (11,500) | (10,249) | (13,800) | ||
| Income from continuing operations: | 47,100 | 45,200 | 41,400 | 36,100 | 32,151 | 44,200 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 36,100 | 32,151 | 44,200 | |
| Other undisclosed net income (loss) | 49 | (88,400) | ||||||
| Net income (loss): | 47,100 | 45,200 | 41,400 | 36,100 | 32,200 | (44,200) | ||
| Other undisclosed net income attributable to parent | 88,400 | |||||||
| Net income attributable to parent: | 47,100 | 45,200 | 41,400 | 36,100 | 32,200 | 44,200 | ||
| Other undisclosed net loss available to common stockholders, basic | ||||||||
| Net income available to common stockholders, diluted: | 47,100 | 45,200 | 41,400 | 36,100 | 32,200 | 44,200 | ||
Comprehensive Income ($ in thousands)
| 9/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 47,100 | 45,200 | 41,400 | 36,100 | 32,200 | (44,200) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 47,100 | 45,200 | 41,400 | 36,100 | 32,200 | (44,200) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.