Unitil Corporation Financials and Business Operations

Unitil Corporation is a well-established energy company with a strong financial foundation. The company's revenue for 2020 was $544 million, a significant increase from the previous year.

Unitil's financial stability is a result of its diversified business operations, which include electric and gas distribution, as well as energy services.

Unitil Corporation has a publicly traded stock, listed on the stock market under the ticker symbol UTL. This stock is classified as an equity.

The company's financial reports, including its income statement, are an essential part of its financials. These reports provide estimates and other important financial information.

Unitil Corporation is a company unit, which is a key aspect of its financial structure.

Unitil Corporation has announced its regular quarterly dividend of $0.45 per share, payable on August 28, 2025.

The dividend represents an effective annualized dividend rate of $1.80 per share, which is a significant return for shareholders.

Unitil Corporation provides electric and natural gas services to approximately 109,400 electric customers and 97,600 natural gas customers through its operations in Maine, New Hampshire, and Massachusetts.

The company's regular quarterly dividend is a testament to its commitment to returning value to its shareholders.

Unitil Corporation is a public utility holding company that operates in the New England region, serving a large customer base with its services.

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Analysts expect the financial sector to grow by 5% in the next quarter.

This growth is driven by increased demand for loans and investments, which is expected to rise by 3% and 4% respectively.

Analysts predict a slight dip in credit card debt, which is expected to decrease by 2%.

The consensus among analysts is that the financial sector will continue to be driven by consumer spending, which is expected to increase by 4%.

This growth will be led by the retail and e-commerce sectors, which are expected to see a 6% increase in sales.

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The income statement is a crucial part of a company's financials, and it's where we see the company's revenues and expenses laid out.

The income statement for Unitil Corporation, a company that operates in the stock market and equities, shows their UTL stock performance.

A company's income statement is a snapshot of their financial performance over a specific period of time, typically a quarter or a year.

The income statement for Unitil Corporation includes their stock market and equities data, which is essential for investors to understand the company's financial health.

Here are the main components of an income statement, based on the example provided:

Unitil Corporation's sales have been steadily increasing over the years, with a notable growth in electric sales. In 2022, electric sales reached 298M.

The company's geographical breakdown of sales reveals a strong presence in the United States. In 2022, sales in the United States reached 563M.

Here's a breakdown of Unitil Corporation's sales by activity and fiscal period:

In 2023, gas sales declined slightly to 251M, while electric sales continued to grow to 306M.

Let's take a closer look at the sales data for Unitil Corporation. Their sales have been steadily increasing over the years, with a notable jump in electric sales from 227M in 2020 to 298M in 2022.

The data shows a significant increase in electric sales, with a peak of 306M in 2023. However, in 2024, electric sales dropped back down to 248M, which is still higher than the 2020 figure.

One thing that stands out is the consistency of gas sales, which have remained relatively stable over the years, ranging from 191M in 2020 to 265M in 2022.

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In Unitil Corporation's sales data, the geographical breakdown reveals a significant trend.

Unitil Corporation's sales in the United States show a consistent growth pattern, with sales increasing from 419M in 2020 to 473M in 2021, then peaking at 563M in 2022 before slightly decreasing to 557M in 2023 and finally dropping to 495M in 2024.

Here's a breakdown of Unitil Corporation's sales in the United States over the past five years:

Saco is a growing community that's eager to expand its gas services, and Unitil is happy to oblige. They've proposed a Targeted Area Build-out (TAB) Initiative that will give around 1,000 businesses and residences the option to switch to gas.

The project will help make gas services cheap and more readily available, and construction is estimated to begin in the spring of 2016.

The leadership team at Unitil Corporation is comprised of experienced professionals who have been with the company for varying lengths of time. Thomas Meissner has been the CEO since 2018.

Thomas Meissner is supported by a team of seasoned executives, including Robert Hevert, who has been the President since 2023, and Daniel Hurstak, the Director of Finance/CFO since 2023.

The Executive Committee has a diverse range of ages, with the youngest member being 44-year-old Daniel Hurstak and the oldest being 64-year-old Robert Hevert.

Here is a list of the Executive Committee members:

The Executive Committee plays a crucial role in the leadership and governance of Unitil Corporation. Thomas Meissner serves as the CEO, a position he has held since April 24, 2018.

Thomas Meissner is 62 years old and has been at the helm of the company for over four years. Robert Hevert, on the other hand, took on the role of President on April 30, 2023, at the age of 64.

Daniel Hurstak, who is 44 years old, serves as the Director of Finance and Chief Financial Officer, a position he took on April 30, 2023. Justin Eisfeller has been the Chief Technology and Science/Research and Development Officer since December 31, 2001.

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Christopher LeBlanc, who is also 58 years old, has been a Corporate Officer/Principal since December 31, 1999, making him one of the longest-serving members of the Executive Committee.

Here is a list of the Executive Committee members, including their titles and ages:

The Board of Directors Composition is a crucial aspect of a company's leadership and governance. Thomas Meissner serves as the Chairman of Unitil Corporation's Board of Directors, a position he has held since 2018.

The Board consists of 10 members, with a mix of experienced individuals with varying backgrounds and expertise. Michael Green, for instance, has been a Board Member since 2001.

The average age of the Board Members is 59.5 years, with the oldest member being 75 years old, Michael Green, and the youngest being 50 years old, Neveen Awad.

Here's a breakdown of the Board Members' tenure:

The Board Members have a diverse range of backgrounds and experiences, which is essential for making informed decisions and providing effective leadership.

Unitil is committed to making a positive impact in the communities they serve. They have partnerships with non-profit organizations like the United Way and the Red Cross, providing information and help during times of crisis.

Unitil also donates equipment to ensure safe and reliable energy in the communities they serve. This shows their dedication to the well-being of their customers and the environment.

For customers in Maine, Unitil offers rebates through Efficiency Maine, a program that provides alternate energy system options to lower costs and environmental impacts.

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Unitil is committed to giving back to the communities they serve. They have partnerships with non-profit organizations like the United Way and the Red Cross, providing information and help during times of crisis.

In times of need, Unitil's partnerships with the United Way and the Red Cross can be a huge relief. These organizations work together to ensure that people receive the support they need.

Unitil also donates equipment to ensure safe and reliable energy in the communities they service. This is just one way they're making a positive impact.

By working together with organizations like the United Way and the Red Cross, Unitil is making a real difference in people's lives.

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Unitil offers rebates and initiatives to help customers save money and reduce their environmental impact.

One of the programs available is Energy Efficiency, which benefits both the economy and the environment. It reduces monthly energy costs for customers.

Efficiency Maine is the administrator for energy efficient programs in Maine, offering rebates for upgrades such as lights and equipment that use less energy.

If you don't live in Maine, Unitil still has you covered with free energy saving tips for homes, businesses, and products.

In New Hampshire, there are state programs similar to Efficiency Maine that can help you receive energy savings.

Massachusetts residents can participate in the Mass Save program, which offers home energy assessments, coupons, and rebates for Energy Star products and more.

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Unitil Corporation has a rich history that spans several decades. In 1984, Concord Electric and Exeter&H agreed on a stock-exchange plan that led to the creation of Unitil Power Corporation, a wholesale electric power utility.

The Unitil System was formed in 1985, with Unitil Corporation becoming the parent company of three independent retail electric and gas distribution utilities. Fitchburg G&E merged into Unitil in 1992, further solidifying the company's presence.

Unitil Service Corporation was established in 1984 to provide centralized management and other services to the Unitil System companies. This move allowed the utilities to maintain the lowest per-customer operating costs in New England.

About 75 percent of total costs for Unitil's distribution companies were related to energy supply. Unitil focused on finding the best wholesale terms and prices to keep costs low.

Unitil Realty Corporation was established in 1986 to own and manage the company's corporate office building and property. This marked another step in the company's growth and development.

By developing a growth strategy based on foresight, dependability, stability, and sophistication, Unitil Corporation was able to maintain its competitive edge. The company's strategy allowed it to preserve efficiencies and enhance cost savings through strategic alliances.

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Unitil offers a Standard Residential Rate for all residential customers. This rate is competitive with the rest of the market.

In Massachusetts, Unitil's rates are deregulated for both electricity and gas, allowing customers to choose their supplier. However, in Maine and New Hampshire, only electricity is deregulated, so customers can still choose their electricity supplier.

Unitil also offers an Optional Fuel Assistance Rate for income-eligible residential customers. This rate is designed to help low-income households with their energy costs.

Customers can choose to have their electricity supplied by a registered supplier, but Unitil is still responsible for delivering energy to its customers. If a customer decides to go with a registered supplier, Unitil is not responsible for that service.

Unitil offers company or business plans, such as the Outdoor Lighting Company Owned Equipment and Customer Owned Equipment plan.

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