Unitil Corp (N:UTL)
Business Focus: Multiline Utilities
| Sector: Utilities | Industry: Multiline Utilities |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 6 Liberty Ln W HAMPTON NH 03842-1704 |
| Tel: | N/A |
| Website: | https://unitil.com |
| IR: | See website |
| Key People | ||
| Thomas P. Meissner Chairman of the Board, Chief Executive Officer | Robert B. Hevert President, Chief Administrative Officer | Daniel J. Hurstak Chief Financial Officer, Senior Vice President, Treasurer |
| Justin Eisfeller Chief Technology Officer, Vice President | Todd R. Diggins Chief Accounting Officer, Controller | Christopher J. Leblanc Vice President - Gas Operations | Sandra L. Whitney Corporate Secretary |
| Business Overview |
| Unitil Corporation is a public utility holding company. The Company's principal business is the local distribution of electricity and natural gas throughout its service territories in the states of New Hampshire, Massachusetts, and Maine. The Company operates through two segments: utility electric operations and utility gas operations. The Company's electric distribution operations are conducted through two of the Company's utilities, Unitil Energy and Fitchburg. Unitil Energy's service territory consists of approximately 408 square miles. Unitil Energy's service territory encompasses retail and recreation centers for the central and southeastern parts of the state and includes the Hampton Beach recreational area. Fitchburg is engaged in the distribution of both electricity and natural gas in the greater Fitchburg area of north central Massachusetts. The Company's natural gas operations include gas distribution utility operations and interstate gas transmission pipeline operations. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Unitil Corp revenues decreased 1% to $557.1M. Net income increased 9% to $45.2M. Revenues reflect Gas segment decrease of 6% to $250.6M. Net income reflects Cost of Gas Sales decrease of 21% to $96.1M (expense), Interest Income increase from $2.8M to $6.2M (income). Dividend per share increased from $1.56 to $1.62. Basic Earnings per Share excluding Extraordinary Items increased from $2.59 to $2.83. |
| Employees: | 531 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,465M as of Dec 31, 2023 |
| Annual revenue (TTM): | $557.10M as of Dec 31, 2023 |
| EBITDA (TTM): | $154.50M as of Dec 31, 2023 |
| Net annual income (TTM): | $45.20M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$60.20M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $670.70M as of Dec 31, 2023 |
| Shares outstanding: | 16,164,023 as of Feb 23, 2024 |
| Index Membership: | S&P 600 Small Cap |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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