Unitil Corporation to Sell 1.4 Million Shares in Prices Offering

Unitil Corporation, a public utility holding company, is offering 1.4 million shares. The company operates in New Hampshire, Massachusetts, and Maine, providing electricity and natural gas distribution services through its utilities, Unitil Energy and Fitchburg. Unitil Energy serves central and southeastern New Hampshire, while Fitchburg distributes electricity and natural gas in north central Massachusetts.

Unitil Corporation (NYSE: UTL), a leading public utility holding company operating in New England, has announced the pricing of its common stock offering. The company has priced 1,393,355 shares at $46.65 per share, marking a significant step in its growth strategy.

The offering, which is expected to close on August 18, 2025, subject to customary closing conditions, has been underwritten by Wells Fargo Securities, LLC, Scotia Capital (USA) Inc., and Janney Montgomery Scott LLC. The underwriters have been granted the option to purchase up to 209,003 additional shares at the public offering price, after deducting underwriting discounts and commissions.

Unitil plans to use the net proceeds from the offering to make equity capital contributions to its regulated utility subsidiaries, repay indebtedness outstanding under its credit agreement, and for general corporate purposes. This strategic use of funds aims to strengthen the company's financial footing and operational capabilities.

The offering is being managed under the company’s effective registration statement on Form S-3ASR, as filed with the Securities and Exchange Commission (SEC). This ensures regulatory compliance and demonstrates Unitil’s commitment to transparency and investor confidence.

Unitil Corporation operates in New Hampshire, Massachusetts, and Maine, providing electricity and natural gas distribution services through its utilities, Unitil Energy and Fitchburg. Unitil Energy serves central and southeastern New Hampshire, while Fitchburg distributes electricity and natural gas in north central Massachusetts.

For further inquiries, interested parties can contact Christopher Goulding, Investor Relations, at 603-773-6466 or via email at gouldingc@unitil.com.

References:
[1] https://investorshangout.com/unitil-corporation-announces-exciting-common-stock-offering-362789/
[2] https://www.globenewswire.com/news-release/2025/08/15/3134035/0/en/Unitil-Announces-Pricing-of-Common-Stock-Offering.html