Unitil Corp (UTL) financial statements: income statement, balance sheet and cash flow

Unitil Corp's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Unitil Corp reported revenue of $536.0M (+8.3% year on year) and net income of 50.2M (+6.6% year on year).

Income statement

Unitil Corp income statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Total Operating Revenues	$536.0M	$494.8M	$557.1M	$563.2M
Cost of Electric Sales	$222.3M	$220.6M	$298.5M	$320.5M
Operation and Maintenance	$92.5M	$77.6M	$75.6M	$73.7M
Depreciation and Amortization	$88.7M	$76.1M	$67.4M	$62.6M
Taxes Other Than Income Taxes	$31.3M	$29.9M	$28.5M	$25.9M
Total Operating Expenses	$434.8M	$404.2M	$470.0M	$482.7M
Operating Income	$101.2M	$90.6M	$87.1M	$80.5M
Interest Expense, Net	$36.7M	$29.3M	$28.7M	$25.5M
Other Expense (Income), Net	($1.0M)	$200.0K	$0	$2.4M
Income Before Income Taxes	$65.5M	$61.1M	$58.4M	$52.6M
Provision for Income Taxes	$15.3M	$14.0M	$13.2M	$11.2M
Net Income Applicable to Common Shares	50.2M	47.1M	45.2M	41.4M
Earnings per Common Share - Basic	$2.97	$2.93	$2.82	$2.59
Earnings per Common Share - Diluted	$2.97	$2.93	$2.82	$2.59
Weighted Average Common Shares Outstanding - Basic	16.8M	16.1M	16.0M	16.0M
Weighted Average Common Shares Outstanding - Diluted	16.8M	16.1M	16.1M	16.0M

Unitil Corp income statement, quarters

Line item	Jun 30, 2026 · Q2	Mar 31, 2026 · Q1	Sep 30, 2025 · Q3	Jun 30, 2025 · Q2
Total Operating Revenues	$117.0M	$216.9M	$101.1M	$102.6M
Cost of Sales	$44.8M	$105.2M	$41.4M	$39.6M
Operation and Maintenance	$23.8M	$23.4M	$21.9M	$21.3M
Depreciation and Amortization	$24.2M	$23.3M	$22.2M	$21.8M
Taxes Other Than Income Taxes	$8.8M	$9.1M	$8.6M	$6.6M
Total Operating Expenses	$101.6M	$161.0M	$94.1M	$89.3M
Operating Income	$15.4M	$55.9M	$7.0M	$13.3M
Interest Expense, Net	$10.4M	$10.8M	$8.9M	$9.3M
Other Expense (Income), Net	($800.0K)	$0	($300.0K)	($700.0K)
Income Before Income Taxes	$5.8M	$45.1M	($1.6M)	$4.7M
Provision for Income Taxes	$1.1M	$11.9M	($1.3M)	$700.0K
Net Income Applicable to Common Shares	4.7M	33.2M	-300.0K	4.0M
Earnings Per Common Share - Basic	$0.26	$1.85	-$0.02	$0.25
Earnings Per Common Share - Diluted	$0.26	$1.85	-$0.02	$0.25
Weighted Average Common Shares Outstanding - Basic	17.9M	17.9M	17.0M	16.2M
Weighted Average Common Shares Outstanding - Diluted	17.9M	17.9M	17.0M	16.2M

Balance sheet

Unitil Corp balance sheet, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Cash and Cash Equivalents	$15.6M	$6.3M	$6.5M	$9.0M
Accounts Receivable, Net	$98.6M	$75.0M	$75.0M	$73.8M
Accrued Revenue	$87.0M	$77.4M	$63.4M	$72.8M
Exchange Gas Receivable	$9.8M	$6.4M	$9.4M	$18.0M
Gas Inventory	1.3M	1.1M	1.0M	1.8M
Materials and Supplies	$15.4M	$14.2M	$13.5M	$11.4M
Prepayments and Other	$12.4M	$8.4M	$8.3M	$8.0M
Total Current Assets	$240.1M	$188.8M	$177.1M	$194.8M
Electric	$752.2M	$699.4M	$654.9M	$627.5M
Gas	$1.4B	$1.2B	$1.1B	$1.0B
Common	$75.3M	$69.0M	$70.0M	$67.6M
Construction Work in Progress	$101.7M	$92.9M	$65.3M	$52.6M
Utility Plant	$2.3B	$2.1B	$1.9B	$1.8B
Less: Accumulated Depreciation	$543.7M	$511.6M	$486.9M	$459.6M
Net Utility Plant	$1.8B	$1.5B	$1.4B	$1.3B
Regulatory Assets	$38.8M	$41.9M	$53.1M	$47.8M
Operating Lease Right of Use Assets	$7.0M	$6.7M	$5.6M	$4.3M
Goodwill	$4.3M	—	—	—
Other Assets	$45.5M	$17.5M	$13.7M	$11.8M
Total Other Noncurrent Assets	$95.6M	$66.1M	$72.4M	$63.9M
TOTAL ASSETS	$2.1B	$1.8B	$1.7B	$1.6B
Accounts Payable	$62.9M	$49.7M	$47.7M	$68.6M
Short-Term Debt	$255.7M	$105.8M	$162.0M	$116.0M
Long-Term Debt, Current Portion	$37.9M	$4.9M	$4.9M	$6.7M
Regulatory Liabilities	$16.7M	$17.2M	$13.5M	$15.0M
Energy Supply Obligations	$11.6M	$10.0M	$15.0M	$24.1M
Environmental Obligations	$800.0K	$700.0K	$600.0K	$600.0K
Operating Lease Obligations	$2.1M	$1.8M	$1.9M	—
Interest Payable	$9.4M	$8.4M	—	—
Other Current Liabilities	$28.7M	$30.2M	$29.8M	$29.1M
Total Current Liabilities	$425.8M	$228.7M	$277.3M	$260.1M
Retirement Benefit Obligations	$32.9M	$25.5M	$45.6M	$46.8M
Deferred Income Taxes, Net	$196.7M	$186.1M	$176.1M	$163.4M
Cost of Removal Obligations	$153.0M	$139.2M	$126.3M	$116.1M
Regulatory Liabilities	$64.1M	$46.8M	$34.4M	$36.9M
Environmental Obligations	$7.3M	$7.1M	$4.0M	$3.8M
Operating Lease Obligations	$4.9M	$4.9M	$3.7M	—
Other Noncurrent Liabilities	$7.3M	$5.3M	$4.6M	$6.6M
Total Noncurrent Liabilities	$466.2M	$414.9M	$394.7M	$373.6M
Long-Term Debt, Less Current Portion	$632.6M	$638.4M	$509.1M	$489.1M
Common Equity (No par value, Authorized 25,000,000 Shares; Outstanding 16,192,345 and 16,192,345 Shares as of respective dates)	418.2M	341.2M	337.6M	334.9M
Retained Earnings	$191.2M	$171.1M	$151.5M	$132.5M
Total Common Stock Equity	$609.4M	$512.3M	$489.1M	$467.4M
Preferred Stock	$200.0K	$200.0K	$200.0K	$200.0K
Total Stockholders' Equity	$609.6M	$512.5M	$489.3M	$467.6M

Unitil Corp balance sheet, quarters

Line item	Jun 30, 2026	Mar 31, 2026	Sep 30, 2025	Jun 30, 2025
Cash and Cash Equivalents	$9.2M	$16.9M	$14.6M	$8.5M
Accounts Receivable, Net	$75.1M	$107.0M	$63.6M	$66.0M
Accrued Revenue	$69.5M	$78.2M	$64.7M	$56.8M
Exchange Gas Receivable	$8.6M	$1.4M	$15.1M	$9.1M
Gas Inventory	900.0K	600.0K	1.3M	700.0K
Materials and Supplies	$16.3M	$16.2M	$14.8M	$15.9M
Prepayments and Other	$18.9M	$16.6M	$9.4M	$13.1M
Total Current Assets	$198.5M	$236.9M	$183.5M	$170.1M
Electric	$763.9M	$758.4M	$734.8M	$728.2M
Gas	$1.5B	$1.4B	$1.3B	$1.3B
Water	$58.8M	—	—	—
Common	$75.8M	$75.9M	$74.2M	$72.3M
Construction Work in Progress	$123.3M	$92.6M	$121.6M	$89.5M
Utility Plant	$2.5B	$2.4B	$2.2B	$2.2B
Less: Accumulated Depreciation	$567.6M	$554.4M	$541.8M	$530.9M
Net Utility Plant	$1.9B	$1.8B	$1.7B	$1.6B
Regulatory Assets	$39.1M	$39.1M	$45.1M	$46.6M
Operating Lease Right of Use Assets	$6.4M	$6.5M	$6.8M	$5.7M
Goodwill	$6.8M	$4.3M	$1.6M	$1.6M
Derivative Asset	$21.9M	—	—	—
Other Assets	$43.4M	$56.2M	$24.8M	$24.3M
Total Other Noncurrent Assets	$117.6M	$106.1M	$78.3M	$78.2M
TOTAL ASSETS	$2.2B	$2.2B	$1.9B	$1.9B
Accounts Payable	$43.5M	$47.2M	$42.8M	$41.1M
Short-Term Debt	$234.8M	$258.0M	$117.5M	$171.4M
Long-Term Debt, Current Portion	$40.8M	$37.9M	$34.9M	$4.9M
Regulatory Liabilities	$25.5M	$23.4M	$18.4M	$21.0M
Energy Supply Obligations	$10.6M	$3.5M	$17.0M	$11.1M
Interest Payable	$9.5M	$8.2M	$7.9M	$8.6M
Environmental Obligations	$800.0K	$800.0K	$800.0K	$700.0K
Operating Lease Obligations	$2.1M	$2.0M	$1.9M	$1.7M
Taxes Payable	$10.3M	$11.2M	$3.2M	$6.0M
Other Current Liabilities	$26.6M	$23.7M	$30.2M	$27.0M
Total Current Liabilities	$404.5M	$415.9M	$274.6M	$293.5M
Retirement Benefit Obligations	$33.8M	$33.3M	$26.0M	$26.3M
Deferred Income Taxes, Net	$197.3M	$198.3M	$188.2M	$187.2M
Cost of Removal Obligations	$160.6M	$156.5M	$151.4M	$147.4M
Regulatory Liabilities	$74.0M	$65.0M	$52.2M	$52.5M
Environmental Obligations	$7.5M	$7.4M	$8.0M	$7.1M
Operating Lease Obligations	$4.3M	$4.5M	$4.9M	$4.0M
Other Noncurrent Liabilities	$14.8M	$7.5M	$6.6M	$6.1M
Total Noncurrent Liabilities	$492.3M	$472.5M	$437.3M	$430.6M
Long-Term Debt, Less Current Portion	$680.4M	$631.4M	$635.6M	$635.8M
Common Equity (No par value, Authorized 25,000,000 shares; Outstanding 18,225,964, 16,291,395 and 17,919,191 Shares)	431.5M	419.9M	416.7M	344.6M
Retained Earnings	$212.0M	$215.9M	$180.3M	$188.0M

Cash flow statement

Unitil Corp cash flow statement, fiscal years

Line item	Dec 31, 2025 · FY	Dec 31, 2024 · FY	Dec 31, 2023 · FY	Dec 31, 2022 · FY
Net Income	$50.2M	$47.1M	$45.2M	$41.4M
Depreciation and Amortization	$88.7M	$76.1M	$67.4M	$62.6M
Deferred Tax Provision	$9.6M	$13.2M	$7.4M	$11.0M
Accounts Receivable	($18.4M)	$0	($1.2M)	($6.9M)
Accrued Revenue	($300.0K)	($14.0M)	$9.4M	($11.6M)
Regulatory Liabilities	($3.3M)	$3.7M	($1.5M)	$5.5M
Exchange Gas Receivable	($3.4M)	$3.0M	$8.6M	($10.6M)
Accounts Payable	$7.0M	$2.0M	($20.9M)	$16.2M
Other Changes in Working Capital Items	($2.2M)	$3.7M	$1.0M	$1.4M
Deferred Regulatory and Other Charges	($3.6M)	($6.9M)	($8.5M)	($6.5M)
Other, net	$7.0M	($2.0M)	$100.0K	($4.8M)
Cash Provided by Operating Activities	$131.3M	$125.9M	$107.0M	$97.7M
Property, Plant and Equipment Additions	($185.1M)	($169.9M)	($141.0M)	($122.1M)
Acquisitions, Net of Cash Acquired	($160.4M)	—	—	—
Cash Used In Investing Activities	($345.5M)	($169.9M)	($141.0M)	($122.1M)
Proceeds (Repayment of) from Short-Term Debt, net	$149.9M	($56.2M)	$46.0M	$51.9M
Issuance of Long-Term Debt	$32.0M	$135.0M	$25.0M	$0
Repayment of Long-Term Debt	($4.9M)	($4.9M)	($6.9M)	($10.4M)
Long-Term Debt Issuance Costs	($200.0K)	($1.1M)	($200.0K)	$0
Increase in Capital Lease Obligations	$100.0K	$0	$300.0K	—
Net Increase (Decrease) in Exchange Gas Financing	$3.3M	($2.6M)	($7.6M)	$9.6M
Dividends Paid	($30.1M)	($27.5M)	($26.2M)	($25.1M)
Proceeds from Issuance of Common Stock	$73.5M	$1.1M	$1.1M	$1.0M
Construction Advances	($100.0K)	—	—	—
Cash Provided by Financing Activities	$223.5M	$43.8M	$31.5M	$26.9M
Net Increase (Decrease) in Cash and Cash Equivalents	$9.3M	($200.0K)	($2.5M)	$2.5M
Cash and Cash Equivalents at Beginning of Year	$6.3M	$6.5M	$9.0M	$6.5M
Cash and Cash Equivalents at End of Year	$15.6M	$6.3M	$6.5M	$9.0M
Interest Paid	$39.3M	$31.2M	$30.9M	$26.0M
Income Taxes Paid	$4.9M	$2.5M	$0	$1.2M
Payments on Capital Leases	$200.0K	$200.0K	$200.0K	$200.0K
Capital Expenditures Included in Accounts Payable	$8.1M	$11.7M	$7.5M	$7.3M
Right-of-Use Assets Obtained in Exchange for Lease Obligations	$1.7M	$2.6M	$2.7M	$1.1M

Unitil Corp cash flow statement, quarters

Line item	Jun 30, 2026 · YTD	Mar 31, 2026 · Q1	Sep 30, 2025 · YTD	Jun 30, 2025 · YTD
Net Income	$37.9M	$33.2M	$31.2M	$31.5M
Depreciation and Amortization	$47.5M	$23.3M	$65.7M	$43.5M
Deferred Tax Provision	($1.0M)	$800.0K	($300.0K)	($500.0K)
Accounts Receivable	$24.0M	($8.4M)	$15.2M	$12.8M
Accrued Revenue	$17.9M	$8.8M	$17.4M	$25.3M
Regulatory Liabilities	$7.4M	$5.6M	$1.2M	$3.8M
Exchange Gas Receivable	$1.2M	$8.4M	($8.7M)	($2.7M)
Accounts Payable	($20.1M)	($15.7M)	($12.0M)	($13.7M)
Other Changes in Working Capital Items	$5.8M	$2.7M	$1.2M	($3.5M)
Deferred Regulatory and Other Charges	($12.4M)	($11.0M)	($7.8M)	($8.6M)
Other, net	($2.4M)	$2.4M	$6.8M	$6.4M
Cash Provided by Operating Activities	$105.8M	$50.1M	$109.9M	$94.3M
Property, Plant and Equipment Additions	($76.0M)	($32.4M)	($127.4M)	($72.8M)
Acquisition of Businesses, Net of Cash Acquired	($42.6M)	$0	($71.4M)	($71.4M)
Cash Used in Investing Activities	($118.6M)	($32.4M)	($198.8M)	($144.2M)
(Repayment of) Proceeds from Short-Term Debt, net	($20.9M)	$2.3M	$11.7M	$65.6M
Issuance of Long-Term Debt	$40.0M	—	$32.0M	—
Repayment of Long-Term Debt	($2.8M)	($1.3M)	($4.9M)	($2.8M)
Long-Term Debt Issuance costs	($300.0K)	—	($200.0K)	—
Net (Decrease) Increase in Exchange Gas Financing	($1.0M)	($8.1M)	$7.2M	$2.0M
Decrease in Capital Lease Obligations	($100.0K)	—	$0	($100.0K)
Dividends Paid	($17.1M)	($8.5M)	($22.0M)	($14.6M)
Proceeds from Issuance of Common Stock	$11.3M	$300.0K	$73.4M	$2.0M
Construction Advances	($2.7M)	($1.1M)	—	—
Cash Provided by Financing Activities	$6.4M	($16.4M)	$97.2M	$52.1M
Net (Decrease) Increase in Cash and Cash Equivalents	($6.4M)	$1.3M	$8.3M	$2.2M
Cash and Cash Equivalents at Beginning of Period	$15.6M	$15.6M	$6.3M	$6.3M
Cash and Cash Equivalents at End of Period	$9.2M	$16.9M	$14.6M	$8.5M
Interest Paid	$22.5M	$12.7M	$30.2M	$19.8M
Income Taxes Paid	$3.7M	$0	$4.9M	$3.0M
Payments on Capital Leases	$100.0K	$100.0K	$100.0K	$100.0K
Capital Expenditures Included in Accounts Payable	$12.1M	$6.5M	$11.4M	$10.5M
Right-of-Use Assets Obtained in Exchange for Lease Obligations	$0	—	$1.6M	$0

Unitil Corp score and earnings-call analysis · All covered companies

Figures as reported in SEC filings. General information, not investment advice.