Unitil Corporation (UTL)

UNITIL Corp.'s share price declined by 14.98% between October 2024 and October 2025. The Q3 2024 earnings call reported mixed financial performance, while the Q4 2024 call reaffirmed long-term growth guidance. The acquisition of Bangor Natural Gas was completed in January 2025, boosting gas customer growth. The Q1 2025 earnings call revealed a strategic shift towards aggressive growth through acquisitions, increasing gas margins but also raising operating expenses. The 2025 Annual Meeting of Shareholders occurred on April 30, 2025. The Q2 2025 earnings call reported robust financial health and progress in regulatory reviews for pending acquisitions, with a quarterly dividend of $0.45 per share announced.

Demand for UNITIL Corp.'s products and services exhibits seasonality, with the highest electricity demand during the summer months due to increased air conditioning use. UNITIL manages peak demand through programs like the Energy Savings Management pilot program and the ConnectedSolutions program, incentivizing customers to reduce electricity usage. The company also offers a reduced distribution rate during winter months to Massachusetts residential electric customers who use heat pumps for heating.

UNITIL Corporation is a publicly traded energy utility holding company focused on the local distribution of electricity and natural gas. It operates in the Utilities sector, specifically in the Multiline Utilities and Power Generation industries, delivering services through subsidiaries like Unitil Energy Systems, Inc., Northern Utilities, Inc., and Fitchburg Gas and Electric Light Company. The company emphasizes the safe and efficient operation of gas and electric distribution networks, infrastructure modernization, and customer service. Unitil Resources, Inc., a non-utility subsidiary, provides energy brokering, consulting, and management services through Usource, Inc. and Usource L.L.C.

UNITIL Corp. primarily serves customers across its service territories in the states of New Hampshire, Massachusetts, and Maine.

UNITIL Corp. has maintained a positive brand reputation, particularly in employee satisfaction and safety, being named one of Business NH Magazine's "Best Companies to Work For" for the fourth consecutive year. The company received the Northeast Gas Association's Excellence in Safety Award and has been recognized for its commitment to energy efficiency. UNITIL is also transitioning to a more sustainable fleet to reduce operations-related carbon emissions.

UNITIL Corp. is predominantly owned by institutional shareholders, holding 80.46% of the stock, with insiders owning 5.49% and retail investors accounting for 14.05%. Major institutional owners include BlackRock, Inc., Vanguard Group Inc., and State Street Corp. The largest individual shareholder is Charles H. Tenney III, and the CEO, Thomas Meissner, holds 0.7% of the shares.