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Unitil's Business Segments
Unitil's reported revenue by business segment and by geographic region, quarterly and annual, normalized against the consolidated income statement. Free below: the top 3 rows per table, this quarter and this fiscal year. Subscriber access adds the full segment history and operating income by segment.
Segment Data As of Q1 FY2026
Reportable Segments
2
Largest Segment
Gas Segment
Total Revenue
$ 217
Regions Reported
-
Revenue Share by Reportable Segment - Q1 FY2026
- Gas Segment69.8%
- Electric30.2%
Revenue by Reportable Segment - Q1 FY2026
| Segment | Revenue (Millions) | % of Total |
|---|---|---|
| Gas Segment | $ 151 | 69.8% |
| Electric | $ 66 | 30.2% |
Revenue by Product & Service Category - Q1 FY2026
- Gas69.8%
- Electric30.2%
Revenue by Product & Service Category - Q1 FY2026
| Category | Revenue (Millions) | % of Total |
|---|---|---|
| Gas | $ 151 | 69.8% |
| Electric | $ 66 | 30.2% |
Product and service categories are a supplemental disclosure and are not required to sum to consolidated revenue or to the reportable segments above.
Description of Unitil
Unitil Corporation is a public utility holding company based in Hampton, New Hampshire. It operates regulated electric and natural gas utilities in Maine, Massachusetts, and New Hampshire, serving over 600,000 customers.
Electric Operations:
Unitil's electric operating segment includes its wholly-owned subsidiaries, Fitchburg Gas and Electric Light Company (FG&E) in Massachusetts and Unitil Energy Systems (UES) in New Hampshire. FG&E serves 25 cities and towns in Massachusetts, while UES serves 11 cities and towns in New Hampshire. Combined, they provide electricity to over 221,000 customers.
Natural Gas Operations:
Unitil's natural gas segment includes its wholly-owned subsidiaries, Northern Utilities, Inc. (NU) in Maine and New Hampshire, and Fitchburg Gas and Electric Light Company (FG&E) in Massachusetts. NU has over 300,000 customers across 52 communities in Maine and New Hampshire. FG&E provides natural gas to more than 26,000 customers in Massachusetts.
Renewable Energy:
Unitil is committed to a sustainable energy future and has made significant investments in renewable energy. Its portfolio includes solar, wind, and hydroelectric power facilities, and it has a target to add 4 megawatts of new renewable energy to its portfolio each year.
Corporate Governance:
Unitil Corporation has a diverse and experienced board of directors, with members bringing expertise from various industries, including energy, finance, technology, and academia. The company has a robust ethics program and is committed to maintaining high standards of ethical conduct and compliance with all applicable laws and regulations.
Community Engagement:
Unitil plays a significant role in the communities it serves through its community support programs, volunteerism, and charitable giving. It has a community relations team that works closely with local organizations to develop and implement community programs aimed at promoting safety, education, and the environment.
Overall, Unitil Corporation is a well-established and respected public utility holding company, operating in a highly regulated industry. The company is committed to delivering safe, reliable, and affordable energy to its customers while working towards a sustainable energy future. It is also committed to corporate social responsibility, community engagement, and maintaining a high standard of ethical conduct.
Electric Operations:
Unitil's electric operating segment includes its wholly-owned subsidiaries, Fitchburg Gas and Electric Light Company (FG&E) in Massachusetts and Unitil Energy Systems (UES) in New Hampshire. FG&E serves 25 cities and towns in Massachusetts, while UES serves 11 cities and towns in New Hampshire. Combined, they provide electricity to over 221,000 customers.
Natural Gas Operations:
Unitil's natural gas segment includes its wholly-owned subsidiaries, Northern Utilities, Inc. (NU) in Maine and New Hampshire, and Fitchburg Gas and Electric Light Company (FG&E) in Massachusetts. NU has over 300,000 customers across 52 communities in Maine and New Hampshire. FG&E provides natural gas to more than 26,000 customers in Massachusetts.
Renewable Energy:
Unitil is committed to a sustainable energy future and has made significant investments in renewable energy. Its portfolio includes solar, wind, and hydroelectric power facilities, and it has a target to add 4 megawatts of new renewable energy to its portfolio each year.
Corporate Governance:
Unitil Corporation has a diverse and experienced board of directors, with members bringing expertise from various industries, including energy, finance, technology, and academia. The company has a robust ethics program and is committed to maintaining high standards of ethical conduct and compliance with all applicable laws and regulations.
Community Engagement:
Unitil plays a significant role in the communities it serves through its community support programs, volunteerism, and charitable giving. It has a community relations team that works closely with local organizations to develop and implement community programs aimed at promoting safety, education, and the environment.
Overall, Unitil Corporation is a well-established and respected public utility holding company, operating in a highly regulated industry. The company is committed to delivering safe, reliable, and affordable energy to its customers while working towards a sustainable energy future. It is also committed to corporate social responsibility, community engagement, and maintaining a high standard of ethical conduct.
Unitil Corporation is a multifaceted energy company that operates primarily in the New England region, offering essential electricity and natural gas services to a diverse customer base in Massachusetts, Maine, and New Hampshire. The companys operations are segmented into three primary categories: Utilities, Gas Distribution, and Non-Regulated activities, which allow it to cater to various aspects of energy delivery, efficiency, and alternative energy solutions.
1. Utilities
This segment encompasses the companys regulated electricity and natural gas distribution operations. Unitils utilities division is critical for the reliable delivery of energy to both residential and commercial customers. Their operations include:
- Electricity Distribution: Unitils electrical infrastructure facilitates a steady supply of electricity to homes and businesses. This service covers the installation and maintenance of power lines, transformers, and substations, ensuring safe and consistent energy delivery.
- Natural Gas Distribution: Alongside electricity, Unitil also distributes natural gas. This involves managing pipelines, metering systems, and safety protocols necessary for gas distribution.
- Maintenance and Infrastructure Management: The Utilities segment is responsible for the maintenance and upgrading of energy infrastructure which is vital for meeting regulatory standards and ensuring reliability. This maintenance includes routine inspections, repairs, and modernization projects to enhance efficiency and safety.
Gas Distribution
Within this segment, Unitil provides natural gas distribution services to approximately 106,000 customers across Maine and New Hampshire. Key features of this segment include:
- Alternative Fuels: The company is dedicated to promoting natural gas as a more efficient and environmentally friendly heating alternative to traditional fuels like oil. This commitment is part of Unitils sustainable energy strategy, which also involves educating customers about the benefits of natural gas.
- Infrastructure Expansion: Unitil has ongoing initiatives to expand its natural gas network, aiming to increase accessibility to natural gas for more communities and customers. This not only supports reduced energy costs but also aligns with environmental goals by lowering greenhouse gas emissions.
- Safety Programs: Unitil follows stringent safety measures to ensure safe natural gas distribution. This includes regular pipeline inspections, safety training for employees, and public outreach to educate communities on gas safety practices.
Non-Regulated
The Non-Regulated segment consists of ancillary services and products that go beyond the traditional utility offerings. This segment can be categorized into several key areas:
- Energy Management Services: Unitil provides consulting and management services aimed at optimizing energy use. These services are especially beneficial for commercial entities looking to improve their energy efficiency and reduce operational costs.
- Electric Construction: The company engages in electric construction projects, including the installation of electrical systems for new buildings and infrastructure upgrades for existing facilities, thereby enhancing overall service and utility infrastructure.
- Energy Efficiency Incentives: Unitil actively promotes energy conservation by offering programs that encourage the adoption of energy-efficient technologies. This includes providing rebates for the purchase of energy-efficient appliances and systems, which further aids customers in reducing their energy bills.
- On-Site Generation Services: The Non-Regulated segment also covers on-site generation solutions, helping customers produce their own energy—particularly useful for businesses looking to reduce reliance on traditional grid energy.
- Propane and Heating Oil Services: Additionally, Unitil offers delivery services for propane and heating oil to both residential and commercial clients. This service meets customers’ diverse heating needs, especially in areas where natural gas may not be available.
Product and Service Offerings
Unitils varied product and service portfolio is tailored to meet the evolving energy needs of its customers:
1. Rate Plans: Unitil provides multiple energy pricing options tailored to consumer preferences. These include:
- Fixed Rate Plans: Secure a consistent rate for a specified time period, allowing customers to budget effectively.
- Variable Rate Plans: Rates fluctuate with market conditions, which can provide cost savings in times of lower energy prices.
- Time-of-Use Pricing: Encourages energy use during off-peak hours, potentially offering lower rates during these periods.
2. Energy Efficiency Programs: The company is committed to sustainability through its comprehensive energy-efficient programs, which offer:
- Rebates for Energy-Efficient Appliances: Financial incentives for customers who invest in energy-efficient technologies, such as high-efficiency heating systems and appliances.
- Home Energy Audits: Assessments to identify ways to improve a home or business’s energy efficiency.
3. Renewable Energy Programs:
- Community Solar Initiatives: Allows customers to participate in larger solar projects, benefitting from renewable energy without needing individual installations.
- Net Metering: Enables customers generating their own renewable energy to receive credits on their utility bills for surplus energy contributed back to the grid.
- Renewable Portfolio Standards: Commitment to sourcing a percentage of energy supply from renewable resources.
4. Gas Products: Unitil markets a range of natural gas appliances designed to improve efficiency, including:
- Gas Furnaces and Boilers: Providing effective heating solutions.
- Water Heaters: Energy-efficient options for residential and commercial use, contributing to lower energy bills.
Conclusion
Through its diverse segments and comprehensive products and services, Unitil Corporation is positioned to address the energy requirements of its customers efficiently and responsibly. Their commitment to sustainability, energy efficiency, and enhanced service delivery reflects a forward-thinking approach in the highly competitive energy sector. The company continues to explore innovative solutions to meet modern energy demands while supporting environmental stewardship.
1. Utilities
This segment encompasses the companys regulated electricity and natural gas distribution operations. Unitils utilities division is critical for the reliable delivery of energy to both residential and commercial customers. Their operations include:
- Electricity Distribution: Unitils electrical infrastructure facilitates a steady supply of electricity to homes and businesses. This service covers the installation and maintenance of power lines, transformers, and substations, ensuring safe and consistent energy delivery.
- Natural Gas Distribution: Alongside electricity, Unitil also distributes natural gas. This involves managing pipelines, metering systems, and safety protocols necessary for gas distribution.
- Maintenance and Infrastructure Management: The Utilities segment is responsible for the maintenance and upgrading of energy infrastructure which is vital for meeting regulatory standards and ensuring reliability. This maintenance includes routine inspections, repairs, and modernization projects to enhance efficiency and safety.
Gas Distribution
Within this segment, Unitil provides natural gas distribution services to approximately 106,000 customers across Maine and New Hampshire. Key features of this segment include:
- Alternative Fuels: The company is dedicated to promoting natural gas as a more efficient and environmentally friendly heating alternative to traditional fuels like oil. This commitment is part of Unitils sustainable energy strategy, which also involves educating customers about the benefits of natural gas.
- Infrastructure Expansion: Unitil has ongoing initiatives to expand its natural gas network, aiming to increase accessibility to natural gas for more communities and customers. This not only supports reduced energy costs but also aligns with environmental goals by lowering greenhouse gas emissions.
- Safety Programs: Unitil follows stringent safety measures to ensure safe natural gas distribution. This includes regular pipeline inspections, safety training for employees, and public outreach to educate communities on gas safety practices.
Non-Regulated
The Non-Regulated segment consists of ancillary services and products that go beyond the traditional utility offerings. This segment can be categorized into several key areas:
- Energy Management Services: Unitil provides consulting and management services aimed at optimizing energy use. These services are especially beneficial for commercial entities looking to improve their energy efficiency and reduce operational costs.
- Electric Construction: The company engages in electric construction projects, including the installation of electrical systems for new buildings and infrastructure upgrades for existing facilities, thereby enhancing overall service and utility infrastructure.
- Energy Efficiency Incentives: Unitil actively promotes energy conservation by offering programs that encourage the adoption of energy-efficient technologies. This includes providing rebates for the purchase of energy-efficient appliances and systems, which further aids customers in reducing their energy bills.
- On-Site Generation Services: The Non-Regulated segment also covers on-site generation solutions, helping customers produce their own energy—particularly useful for businesses looking to reduce reliance on traditional grid energy.
- Propane and Heating Oil Services: Additionally, Unitil offers delivery services for propane and heating oil to both residential and commercial clients. This service meets customers’ diverse heating needs, especially in areas where natural gas may not be available.
Product and Service Offerings
Unitils varied product and service portfolio is tailored to meet the evolving energy needs of its customers:
1. Rate Plans: Unitil provides multiple energy pricing options tailored to consumer preferences. These include:
- Fixed Rate Plans: Secure a consistent rate for a specified time period, allowing customers to budget effectively.
- Variable Rate Plans: Rates fluctuate with market conditions, which can provide cost savings in times of lower energy prices.
- Time-of-Use Pricing: Encourages energy use during off-peak hours, potentially offering lower rates during these periods.
2. Energy Efficiency Programs: The company is committed to sustainability through its comprehensive energy-efficient programs, which offer:
- Rebates for Energy-Efficient Appliances: Financial incentives for customers who invest in energy-efficient technologies, such as high-efficiency heating systems and appliances.
- Home Energy Audits: Assessments to identify ways to improve a home or business’s energy efficiency.
3. Renewable Energy Programs:
- Community Solar Initiatives: Allows customers to participate in larger solar projects, benefitting from renewable energy without needing individual installations.
- Net Metering: Enables customers generating their own renewable energy to receive credits on their utility bills for surplus energy contributed back to the grid.
- Renewable Portfolio Standards: Commitment to sourcing a percentage of energy supply from renewable resources.
4. Gas Products: Unitil markets a range of natural gas appliances designed to improve efficiency, including:
- Gas Furnaces and Boilers: Providing effective heating solutions.
- Water Heaters: Energy-efficient options for residential and commercial use, contributing to lower energy bills.
Conclusion
Through its diverse segments and comprehensive products and services, Unitil Corporation is positioned to address the energy requirements of its customers efficiently and responsibly. Their commitment to sustainability, energy efficiency, and enhanced service delivery reflects a forward-thinking approach in the highly competitive energy sector. The company continues to explore innovative solutions to meet modern energy demands while supporting environmental stewardship.