Unitil (UTL) risk factors, FY2024 10-K

Unitil's FY2024 10-K, filed Feb 10, 2025, lists 16 risk factors in 4 groups. There is no earlier 10-K to compare against, so the most company-specific risks are listed below.

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Risk factors listed
164 groups
Section length
5k wordsItem 1A

Unitil's biggest risks in the FY2024 10-K

  • Unitil's risk profile is dominated by infrastructure reliability, regulatory compliance, supply constraints, and climate-sensitive seasonal sales demand.

The risks most specific to Unitil

  • OPERATIONAL RISKS

    A substantial disruption or lack of growth in interstate natural gas pipeline transmission and storage capacity and electric transmission capacity may impair the Company’s ability to meet customers’ existing and future requirements

    The company relies on interstate natural gas pipeline transmission, storage capacity, and electric transmission capacity to meet customer demand.

  • OPERATIONAL RISKS

    electromagnetic event, a natural disaster, the age and condition of information technology assets, human error, or other reasons, that could disrupt the Company’s operations and cause the Company to incur unanticipated losses and expense

    Information and operating technology systems are vulnerable to disruptions from cyber attacks, natural disasters, or human error.

  • OPERATIONAL RISKS

    We outsource certain business functions to third-party suppliers and service providers, and substandard performance by those third parties could harm the Company’s business, reputation and results of operations

    Outsourcing critical business functions like IT, telecommunications, and payroll to third-party suppliers creates operational risks if those suppliers underperform.

  • OPERATIONAL RISKS

    The inability to attract and retain a qualified workforce including, but not limited to, executive officers, key employees and employees with specialized skills, could have an adverse effect on the Company’s operations

    The company requires specialized skills and executive leadership that may be difficult to attract and retain.

  • OPERATIONAL RISKS

    The Company may be adversely affected by work stoppages, labor disputes, and/or pandemic illness to which it may not be able to promptly respond

    Approximately one-third of employees are unionized under collective bargaining agreements, exposing the company to potential work stoppages and labor disputes.

  • REGULATORY RISKS

    or greenhouse gas emissions, and the incurrence of environmental liabilities could adversely affect the Company’s financial condition, results of operations, and cash flows

    Utility operations are subject to extensive environmental laws and regulations concerning air, water, waste, and health and safety.

  • FINANCIAL RISKS

    In addition, before the Company can pay dividends on its common stock, it must satisfy its debt obligations and comply with any statutory or contractual limitations

    The company pays an annualized dividend of $1.80 per share but must satisfy debt and statutory limitations before paying dividends.

  • FINANCIAL RISKS

    Potential tariffs could adversely affect the Company’s business and financial results

    Potential tariffs could adversely affect the cost of natural gas purchased from domestic and Canadian supply sources.

  • GENERAL RISKS

    results of operations. Also, the Company’s sales may vary from year to year depending on weather conditions, and the Company’s results of operations generally reflect seasonality

    Natural gas and electric sales are temperature-sensitive, meaning mild winter temperatures can significantly decrease sales volumes and revenues.

  • GENERAL RISKS

    Catastrophic events could adversely affect the Company’s financial condition and results of operations

    Catastrophic events like severe weather or terrorist attacks on utility facilities could harm financial conditions.

All 16 risk factors

Headings as the filing states them, in filing order.

OPERATIONAL RISKS

  1. 01A substantial disruption or lack of growth in interstate natural gas pipeline transmission and storage capacity and electric transmission capacity may impair the Company’s ability to meet customers’ existing and future requirements
  2. 02electromagnetic event, a natural disaster, the age and condition of information technology assets, human error, or other reasons, that could disrupt the Company’s operations and cause the Company to incur unanticipated losses and expense
  3. 03We outsource certain business functions to third-party suppliers and service providers, and substandard performance by those third parties could harm the Company’s business, reputation and results of operations
  4. 04The inability to attract and retain a qualified workforce including, but not limited to, executive officers, key employees and employees with specialized skills, could have an adverse effect on the Company’s operations
  5. 05The Company may be adversely affected by work stoppages, labor disputes, and/or pandemic illness to which it may not be able to promptly respond

REGULATORY RISKS

  1. 06or greenhouse gas emissions, and the incurrence of environmental liabilities could adversely affect the Company’s financial condition, results of operations, and cash flows

FINANCIAL RISKS

  1. 07The Company may not be able to obtain financing, or may not be able to obtain financing on acceptable terms, which could adversely affect the Company’s financial condition and results of operations
  2. 08Changes in taxation and the ability to quantify such changes could adversely affect the Company’s financial results
  3. 09The terms of the Company’s and its subsidiaries’ indebtedness restrict the Company’s and its subsidiaries’ business operations (including their ability to incur material amounts of additional indebtedness), which could adversely affect the Company’s financial condition and results of operations
  4. 10In addition, before the Company can pay dividends on its common stock, it must satisfy its debt obligations and comply with any statutory or contractual limitations
  5. 11The Company has made and may make acquisitions and may pursue other strategic transactions, which could impact the Company’s financial condition or results of operations
  6. 12Potential tariffs could adversely affect the Company’s business and financial results

GENERAL RISKS

  1. 13The Company’s electric and natural gas sales and revenues are highly correlated with the economy, and national, regional and local economic conditions may adversely affect the Company’s customers and correspondingly the Company’s financial condition, results of operations, and cash flows
  2. 14results of operations. Also, the Company’s sales may vary from year to year depending on weather conditions, and the Company’s results of operations generally reflect seasonality
  3. 15Catastrophic events could adversely affect the Company’s financial condition and results of operations
  4. 16The Company’s business could be adversely affected if it is unable to retain its existing customers or attract new customers, or if customers’ demand for its current products and services significantly decreases

Other Unitil 10-Ks

  • FY2025 10-K risk factors
    15 risks2 new3 dropped5 reworded

    Unitil added a new $50 million ATM stock dilution program. Unitil expanded its acquisition disclosures to include Bangor Natural Gas, Maine Natural Gas, and Aquarion Water. Unitil raised its annualized dividend from $1.80 to $1.90 per share.

    Filed Feb 09, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.