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UNITIL (UTL) Company Profile

Updated Aug 8, 2019
UNITIL has the following business profile:
Company's Full Name:UNITIL Corporation
Short Name:UNITIL
Trading Ticker Symbol:UTL
Primary Exchange:NYSE
Headquarter City/Country:New Hampshire, NH
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Power Generation
Main Business Areas: Public Utilities, Power Generation, Utilities, Diversified Utilities
Dividend Payments:Dividend History

Market and Trading Information for UNITIL

The following details were available for trading and market data about the stock of UNITIL as of writing:
Current Share Price:$57.99
Previous Year's Closing Price:$50.64
Percentage Price Change (YTD):14.51%
Market Cap:$865.3 million
52-week Price Range:$46.21 - $61.85
Dividend Per Share:$1.47
EPS (TTM):2.98
Price-Earnings (Trailing):19.45
Price-Earnings (Forward):23.67

Company Profile and Business Description for UNITIL

Unitil Corporation (Unitil), incorporated on September 7, 1984, is a public utility holding company. The Company's principal business is the local distribution of electricity in the southeastern seacoast and state capital regions of New Hampshire and the greater Fitchburg area of north central Massachusetts and the local distribution of natural gas in southeastern New Hampshire, portions of southern Maine to the Lewiston-Auburn area and in the greater Fitchburg area of north central Massachusetts. The Company operates through three segments: utility gas operations, utility electric operations and non-regulated. As of December 31, 2016, the Company was engaged in the distribution of electricity and natural gas to approximately 184,200 customers throughout its service territories in the states of New Hampshire, Massachusetts and Maine.

The Company is a parent company of three distribution utilities: Unitil Energy Systems, Inc. (Unitil Energy), which provides electric service in the southeastern seacoast and state capital regions of New Hampshire, including the capital city of Concord; Fitchburg Gas and Electric Light Company (Fitchburg), which provides both electric and natural gas service in the greater Fitchburg area of north central Massachusetts, and Northern Utilities, Inc. (Northern Utilities), which provides natural gas service in southeastern New Hampshire and portions of southern and central Maine, including the city of Portland, in northern New England. As of December 31, 2016, together, Unitil's three distribution utilities served approximately 104,300 electric customers and 79,900 natural gas customers.

The Company's other subsidiaries include Unitil Service Corp. (Unitil Service), Unitil Realty Corp. (Unitil Realty), and Unitil Resources, Inc. (Unitil Resources). Unitil Service provides a range of administrative and professional services, including regulatory, financial, accounting, human resources, engineering, operations, technology and energy supply management services on a centralized basis to its affiliated Unitil companies. Unitil Realty owns and manages the Company's corporate office in Hampton, New Hampshire. Unitil Resources is the Company's non-regulated subsidiary. Usource, Inc. and Usource L.L.C. (collectively, Usource) are indirect subsidiaries that are owned by Unitil Resources. Usource provides energy brokering and advisory services to commercial and industrial customers.

Natural Gas Operations

Unitil's natural gas operations include gas distribution utility operations and interstate gas transmission pipeline operations. As of December 31, 2016, the Company's natural gas operations property included two liquid propane gas plants and two liquid natural gas plants. Northern Utilities also owns a propane air gas plant and a liquefied natural gas (LNG) storage and vaporization facility. Fitchburg owns a propane air gas plant and an LNG storage and vaporization facility, both of which are located on land owned by Fitchburg in north central Massachusetts.

Natural Gas Distribution Utility Operations

Unitil's natural gas distribution operations are conducted through its operating utilities, such as Northern Utilities and Fitchburg. The primary business of Unitil's natural gas utility operations is the local distribution of natural gas to customers in its service territories in New Hampshire, Massachusetts and Maine. As of December 31, 2016, the natural gas is distributed by Northern Utilities to 64,144 customers in 44 New Hampshire and southern Maine communities, from Plaistow, New Hampshire in the south to the city of Portland, Maine and then extending to Lewiston-Auburn, Maine in the north. Northern Utilities' industrial base includes manufacturers in the auto, housing, rubber, printing, textile, pharmaceutical, electronics, wire and food production industries, as well as a military installation. As of December 31, 2016, the natural gas was distributed by Fitchburg to 15,794 customers in the communities of Fitchburg, Lunenburg, Townsend, Ashby, Gardner and Westminster, all located in Massachusetts. Fitchburg's industrial customers include paper manufacturing and paper products companies, rubber and plastics manufacturers, chemical products companies and printing, publishing and associated industries.

Gas Transmission Pipeline Operations

Unitil is the parent company of Granite State Gas Transmission, Inc. (Granite State), which is an interstate natural gas transmission pipeline company. Granite State provides interstate natural gas pipeline access and transportation services to Northern Utilities in its New Hampshire and Maine service territory. As of December 31, 2016, Granite State operated 86 miles of underground gas transmission pipeline primarily located in Maine and New Hampshire. Granite State derives its revenues from the transportation services provided to Northern Utilities and to third-party marketers.

Electric Distribution Utility Operations

Unitil's electric distribution operations are conducted through its utilities, such as Unitil Energy and Fitchburg. The primary business of Unitil's electric utility operations is the local distribution of electricity to customers in its service territory in New Hampshire and Massachusetts. As of December 31, 2016, Unitil Energy distributed electricity to 75,273 customers in New Hampshire in the capital city of Concord, as well as parts of 12 surrounding towns and all or part of 18 towns in the southeastern and seacoast regions of New Hampshire, including the towns of Hampton, Exeter, Atkinson and Plaistow. As of December 31, 2016, Unitil Energy's service territory consisted of approximately 408 square miles. In addition, Unitil Energy's service territory consists of retail trading and recreation centers for the central and south-eastern parts of the state and includes the Hampton Beach recreational area. These areas serve commercial and industrial businesses, including manufacturing firms engaged in the production of electronic components, wires and plastics, healthcare and education.

Fitchburg is engaged in the distribution of both electricity and natural gas in the greater Fitchburg area of north central Massachusetts. As of December 31, 2016, Fitchburg's service territory consisted of approximately 170 square miles. As of December 31, 2016, electricity was distributed by Fitchburg to 28,999 customers in the communities of Fitchburg, Ashby, Townsend and Lunenburg. Fitchburg's industrial customers include paper manufacturing and paper products companies, rubber and plastics manufacturers, chemical products companies, printing, publishing and associated industries and educational institutions.

Non-Regulated and Other Non-Utility Operations

Unitil's non-regulated operations are conducted through Usource. Usource provides energy brokering and advisory services to commercial and industrial customers.

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Peer / Competitor Companies of Power Generation Sector

Along with UNITIL Corporation, the following other peer (competitor) companies also exist within the same Power Generation - Public Utilities sector whose company profile and dividend history is as follows:

▶ Allete (ALE): ALLETE, Inc., incorporated on January 25, 1906, is an energy company. The Companys segments include Regulated Operations, ALLETE Clean Energy, Inc. (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. ....See Detailed Company Profile  and Dividend History.

▶ Alliant Energy (LNT): Alliant Energy Corporation (Alliant Energy), incorporated on April 22, 1981, operates as a utility holding company. The Companys segments include Utility and Non-regulated, Parent and Other. The Utility segment includes ....See Detailed Company Profile  and Dividend History.

▶ Ameren (AEE): Ameren Corporation (Ameren), incorporated on August 7, 1995, is a utility holding company. The Companys primary assets are its equity interests in its subsidiaries, including Ameren Missouri, Ameren Illinois and ....See Detailed Company Profile  and Dividend History.

▶ American DG Energy (ADGE): American DG Energy Inc., incorporated on June 13, 2003, distributes, owns and operates clean, onsite energy systems that produce electricity, hot water, heat and cooling. The Company offers natural gas-powered ....See Detailed Company Profile  and Dividend History.

▶ Avista (AVA): Avista Corporation, incorporated on March 15, 1889, is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company ....See Detailed Company Profile  and Dividend History.

▶ CMS Energy (CMS): CMS Energy Corporation (CMS Energy), incorporated on February 26, 1987, is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated ....See Detailed Company Profile  and Dividend History.

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▶ Consolidated Edison (ED): Consolidated Edison, Inc. (Con Edison), incorporated on September 3, 1997, is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), ....See Detailed Company Profile  and Dividend History.

▶ Duke Energy (DUK): Duke Energy Corporation (Duke Energy), incorporated on May 3, 2005, is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial ....See Detailed Company Profile  and Dividend History.

▶ Duke Energy (DUKH): Duke Energy Corporation (Duke Energy), incorporated on May 3, 2005, is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial ....See Detailed Company Profile  and Dividend History.

▶ Entergy New Orleans (ENJ): Entergy New Orleans, Inc., incorporated on January 11, 1926, is an electric and gas utility company. The Company provides electric and gas service in the City of New Orleans. The ....See Detailed Company Profile  and Dividend History.

▶ Entergy New Orleans (ENO): Entergy New Orleans, Inc., incorporated on January 11, 1926, is an electric and gas utility company. The Company provides electric and gas service in the City of New Orleans. The ....See Detailed Company Profile  and Dividend History.

▶ Exelon (EXC): Exelon Corporation, incorporated on February 4, 1999, is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. ....See Detailed Company Profile  and Dividend History.

▶ Exelon (EXCU): Exelon Corporation, incorporated on February 4, 1999, is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. ....See Detailed Company Profile  and Dividend History.

▶ Genie Energy (GNE): Genie Energy Ltd. (Genie), incorporated on January 10, 2011, owns interest in its subsidiary, Genie Energy International Corporation (GEIC), which owns Genie Retail Energy (GRE) and Genie Oil and Gas, ....See Detailed Company Profile  and Dividend History.

▶ Niagara Mohawk (NMK^B): ....See

▶ Niagara Mohawk (NMK^C): ....See

▶ NiSource (NI): NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and E....See Detailed Company Profile  and Dividend History.

▶ NorthWestern (NWE): NorthWestern Corporation, doing business as North-Western Energy, incorporated on November 27, 1923, provides electricity and natural gas. The Companys segments are Electric operations, Natural gas operations and All other. As ....See Detailed Company Profile  and Dividend History.

▶ PG&E (PCG): PG&E Corporation, incorporated on November 17, 1995, is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central ....See Detailed Company Profile  and Dividend History.

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