Gas was Unitil’s largest segment in fiscal 2025, bringing in $299.60M of $536.00M (56%).
| Segment | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Electric | $297.90M | $306.50M | $248.30M | $236.40M | ||||||||||||
| Electric Supply Contracts | — | — | — | — | ||||||||||||
| Gas | $265.30M | $250.60M | $246.50M | $299.60M | ||||||||||||
| Gas Supply Contracts | — | — | — | — | ||||||||||||
| Electricity | — | — | — | — | ||||||||||||
| Unregulated Operation | — | — | — | — | ||||||||||||
| Total | $563.20M | $557.10M | $494.80M | $536.00M |
Unitil brought in $536.00M from its two segments in fiscal 2025, the year ended December 31, 2025. That was up 8.3% from $494.80M in fiscal 2024. Gas was the largest at $299.60M (55.9%), ahead of Electric at $236.40M (44.1%).
Compared with fiscal 2024, Gas grew 21.5% to $299.60M, while Electric fell 4.8% to $236.40M. From fiscal 2022 to 2025, combined revenue from these segments fell from $563.20M to $536.00M, a compound annual decline of 1.6%. Gas' share of the total rose from 47.1% to 55.9%.
Gas was Unitil’s largest product and service line in fiscal 2025, bringing in $299.60M of $536.00M (56%).
| Product and Service | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Electric | $297.90M | $306.50M | $248.30M | $236.40M | ||||||
| Electric Supply Contracts | — | — | — | — | ||||||
| Gas | $265.30M | $250.60M | $246.50M | $299.60M | ||||||
| Other 1 | — | — | — | — | ||||||
| Other1 | — | — | — | — | ||||||
| Other | — | — | — | — | ||||||
| Total | $563.20M | $557.10M | $494.80M | $536.00M |
Unitil brought in $536.00M from its two product and service lines in fiscal 2025, the year ended December 31, 2025. That was up 8.3% from $494.80M in fiscal 2024. Gas was the largest at $299.60M (55.9%), ahead of Electric at $236.40M (44.1%).
Compared with fiscal 2024, Gas grew 21.5% to $299.60M, while Electric fell 4.8% to $236.40M. From fiscal 2022 to 2025, combined revenue from these lines fell from $563.20M to $536.00M, a compound annual decline of 1.6%. Gas' share of the total rose from 47.1% to 55.9%.
Billed & Unbilled Revenue was Unitil’s largest revenue line in fiscal 2021, bringing in $248.50M of $255.70M (97%).
| Billing Status, Type | FY 2018 | FY 2019 | FY 2020 | FY 2021 |
|---|---|---|---|---|
| Billed & Unbilled Revenue | $228.70M | $223.10M | $226.70M | $248.50M |
| Rate Adjustment Mechanism Revenue | $5.40M | $2.10M | $12.90M | $7.20M |
| Total | $234.10M | $225.20M | $239.60M | $255.70M |
Unitil brought in $255.70M from its two revenue lines in fiscal 2021, the year ended December 31, 2021. That was up 6.7% from $239.60M in fiscal 2020. Billed & Unbilled Revenue was the largest at $248.50M (97.2%), ahead of Rate Adjustment Mechanism Revenue at $7.20M (2.8%).
Compared with fiscal 2020, Billed & Unbilled Revenue grew 9.6% to $248.50M, while Rate Adjustment Mechanism Revenue fell 44.2% to $7.20M. From fiscal 2018 to 2021, combined revenue from these revenue lines grew from $234.10M to $255.70M, a compound annual growth rate of 3.0%. Billed & Unbilled Revenue's share of the total fell from 97.7% to 97.2%.
Unitil (UTL) reports its revenue by segment, by product and service and by billing status, type. In fiscal 2025, Gas was its largest segment, bringing in $299.60M (55.9% of the total), followed by Electric at $236.40M (44.1%).
Gas was Unitil's largest segment in fiscal 2025, bringing in $299.60M, or 55.9% of the $536.00M total across its two segments.
Gas was Unitil's largest product and service line in fiscal 2025, bringing in $299.60M, or 55.9% of the $536.00M total across its two product and service lines.
Billed & Unbilled Revenue was Unitil's largest revenue line in fiscal 2021, bringing in $248.50M, or 97.2% of the $255.70M total across its two revenue lines.
Gas grew faster than Electric in fiscal 2025, up 21.5% from $246.50M to $299.60M. Electric fell 4.8% to $236.40M.
Every figure comes from Unitil's annual financial filings, as reported. Each line keeps the name Unitil gives it, and years follow its fiscal calendar.
Unitil's revenue by segment goes back to fiscal 2010, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.