Unitil Corp 2024年度报告

☐ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 (Exact name of registrant as specified in its charter) New Hampshire(State or other jurisdiction ofincorporation or organization) 6 Liberty Lane West, Hampton, New Hampshire03842-1720(Address of principal executive offices)(Zip Code)Registrant’s telephone number, including area code: (603) 772-0775Securities registered pursuant to Section 12(b) of the Act: Name of each exchange of which registered Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☐No☐Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☐Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities ExchangeAct of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has beensubject to such filing requirements for the past 90 days.Yes☐No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant toRule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant wasrequired to submit such files).Yes☐No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reportingcompany, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company”and “emerging growth company” in Rule 12b-2 of the Exchange Act.Large accelerated filer☐Accelerated filer☐Non-accelerated filer☐Smaller reporting company☐ Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complyingwith any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act☐ Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of itsinternal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 762(b)) by the registered publicaccounting firm that prepared or issued its audit report☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrantincluded in the filing reflect the correction of an error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-basedcompensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b).☐Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).Yes☐No☐Based on the closing price of the registrant’s common stock on June 30, 2024, the aggregate market value of common stock held by non-affiliates of the registrant was $819,534,612.The number of shares of the registrant’s common stock outstanding was 16,245,554 as of February 7, 2025.Documents Incorporated by Reference:Portions of the Proxy Statement relating to the 2025 Unitil Corporation Annual Meeting of Shareholders to be held on April 30, 2025 areincorporated by reference into Part III of this Report. UNITIL CORPORATIONFORM 10-KFor the Fiscal Year Ended December 31, 2024Table of Contents ItemDescriptionPage PART I 1.BusinessUnitil CorporationOperationsRates and RegulationEmployeesAvailable InformationInvestor Information1A.Risk Factors 1B.Unresolved Staff Comments1C.Cybersecurity2.Properties3.Legal Proceedings4.Mine Safety Disclosures PART IIMarket for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of 5.Equity Securities196.Reserved217.Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A)227A.Quantitative and Qualitative Disclosures about Market Risk368.Financial Statements and Supplementary Data379.Changes in and Disagreements with Accountants on Accounting and Financial Disclosure849A.Controls and Procedures849B.Other Information849C.Disclosure Regarding Foreign Jurisdictions that Prevent Inspections84 PART IIIDirectors, Executive Officers and Corporate Governance 10.8511.Executive Compensation85 12.Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters8513.Certain Relationships and Related Transactions, and Director Independence8514.Principal Accountant Fees and Services85 Signatures In this Annual Report on Form 10-K, the “Company”, “Unitil”, “we”, “us”, “our” and similar terms refer toUnitil Corporati