Unitil Corp 2025年季度报告

SECURITIES EXCHANGE ACT OF 1934For the transition period fromCommission File Number1-8858 UNITIL CORPORATION(Exact name of registrant as specified in its charter)New Hampshire02-0381573(State or other jurisdiction ofincorporation or organization)(I.R.S. EmployerIdentification 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 Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.ClassOutstanding at May 5, 2025 Act), Section 21E of the Securities Exchange Act of 1934, as amended (the Exchange Act), and the PrivateSecurities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included or incorporated by reference into this report, including, without limitation, statements regarding the financial position,business strategy and other plans and objectives for the future operations of the Company, are forward-lookingstatements. delivery or substandard deliverables, which may result in missed deadlines or other timeliness issues,non-compliance (including with applicable legal requirements and industry standards) or reputationalharm, which could negatively affect the Company' results of operations; •unforeseen or changing circumstances, which could adversely affect the reduction of Company-widedirect greenhouse gas emissions;•the Company’s regulatory and legislative environment (including laws and regulations relating toclimate change, greenhouse gas emissions and other environmental matters) could affect the rates theCompany is able to charge, the Company’s authorized rate of return, the Company’s ability to recover consequently, the demand for the Company’s distribution services, (ii) the availability of credit andliquidity resources, and (iii) certain of the Company’s counterparty’s obligations (including those of itsinsurers and lenders);•the Company’s ability to obtain debt or equity financing on acceptable terms;•increases in interest rates, which could increase the Company’s interest expense;•the Company's payment of dividends in the future; costs in its rates;•the Company's ability to consummate acquisitions or other strategic transactions, to successfullyintegrate any acquired assets or business, or derive value from strategic transactions and investment, acquisition of Maine Natural Gas Company;•restrictive covenants contained in the terms of the Company’s and its subsidiaries’ indebtedness, which •customers’ preferred energy sources;•severe storms and the Company’s ability to recover storm costs in its rates; 2•variations in weather, which could decrease demand for the Company’s distribution services; •macroeconomic events, including the imposition of tariffs;•employee workforce factors, including the ability to attract and retain key personnel;•the Company’s ability to retain its existing customers and attract new customers; •other presently unknown or unforeseen factors.Many of these risks are beyond the Company’s control. Any forward-looking statements speak only as of the date ofthis report, and the Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date on which such statements are made or to reflect the occurrence of unanticipated events,except as required by law. New factors emerge from time to time, and it is not possible for the Company to predictall such factors, nor can the Company assess the effect of any such factor on its business or the extent to which anyfactor, or combination of factors, may cause results to differ materially from those contained in any forward-looking Item 1. Financial StatementsSee the information beginning on page13of this Quarterly Report on Form 10-Q. See Part II, Item 7. “Management’s Discussion and Analysis of Financial Condition and Results of Operations” inUnitil Corporation’s 2024 Annual Report on Form 10-K for additional information. Unitil Corporation (Unitil or the Company) is a public utility holding company headquartered in Hampton, NewHampshire. Unitil and its subsidiaries are subject to regulation as a holding company system by the Federal EnergyRegulatory Commission (FERC) under the Energy Policy Act of 2005. Unitil’s principal business is the local distribution of electricity and gas throughout its service territory in the statesof New Hampshire, Massachusetts and Maine. Unitil is the parent company of four wholly-owned distributioni)Unitil Energy Systems, Inc. (Unitil Energy), which provides electric service in the southeastern seacoast ii)Fitchburg Gas and Electric Light Company (Fitchburg), which provides both electric and gas service inthe greater Fitchburg area of north central Massachusetts; iii)Northern Utilities, Inc