debt_leverage_profile
1.16x Total Debt / Equity (Elevated leverage)
High
SEC-XBRL
interest_rate_sensitivity
~$2M annual interest expense increase per 100bps rate rise; ~60% fixed-rate debt limits near-term exposure but refinancing risk on ~$200M long-term debt
Inferred
Agent_Inference
geopolitical_supply_exposure
High intensity; European gas dependency on Russia exposed structural energy security vulnerabilities.
Medium
GICS-commodity-overlay-v1
supply_chain_dependency
Natural gas pipeline infrastructure (Algonquin/Tennessee Gas corridors); New England electric grid interconnection points controlled by ISO-NE
Inferred
Agent_Inference
international_expansion_readiness
null
Inferred
Agent_Inference
geographic_footprint
100% domestic US revenue in NH and MA; zero sovereign currency devaluation exposure
Inferred
Agent_Inference
commodity_exposure_profile
High intensity; commodities: Natural Gas, Coal, Uranium, Crude Oil, Copper (grid), Lithium (storage); geopolitical: European gas dependency on Russia exposed structural energy security vulnerabilities.
Medium
GICS-commodity-overlay-v1
vendor_lock_dependency_score
ISO-NE as single non-substitutable grid operator and Eversource/National Grid as transmission owners represent critical non-substitutable operational dependencies
Inferred
Agent_Inference
business_model_type_primary
Regulated utility; cloud infrastructure irrelevant—operations depend on SCADA/OT systems and physical grid infrastructure, not cloud hyperscalers
Inferred
Agent_Inference
business_model_type_secondary
Rate-regulated electric and gas distribution; secondary model is capitalized infrastructure investment with FERC/state PUC rate recovery
Inferred
Agent_Inference
switching_cost_profile
Minimal API coupling risk; legacy SCADA/OT systems with proprietary utility ERP (Cayenta/Oracle Utilities); customer switching near-zero due to regulated monopoly territory
Inferred
Agent_Inference
howey_test_risk_index
Very low; revenue from regulated utility rate tariffs for essential services—no common enterprise profit-from-others element; fails Howey Test comprehensively
Inferred
Agent_Inference
regulatory_burden_tier
Very High
Medium
GICS-regulatory-overlay-v1
data_sovereignty_risk
Low-moderate; CCPA limited exposure (MA/NH customers); GDPR non-applicable; customer energy usage data governed by state utility privacy rules, not federal frameworks
Inferred
Agent_Inference
antitrust_exposure_flag
Minimal; operates as state-sanctioned regulated monopoly with PUC oversight—antitrust exemption applies; no competitive market conduct at issue
Inferred
Agent_Inference
regulatory_exposure_profile
Very High burden; regimes: FERC, NERC, EPA, NRC, State PUCs, DOE; Rate-case lag and clean-energy mandates compress returns on regulated asset base.
Medium
GICS-regulatory-overlay-v1
revenue_model_type
~95%+ recurring; multi-year state-approved rate tariffs with volumetric and fixed customer charges; virtually no transactional/spot revenue
Inferred
Agent_Inference
monetization_vector
Regulated rate tariffs (volumetric kWh/therm delivery charges + fixed customer fees) approved by NH PUC and MA DPU; pass-through commodity costs excluded from margin
Inferred
Agent_Inference
pricing_architecture
Cost-of-service rate cases every 3-5 years; rates set to recover prudent costs plus allowed ROE (~9-10%); limited pricing power outside regulatory proceedings
Inferred
Agent_Inference
pricing_power_rating
Low autonomy but high certainty; pricing set regulatorily with guaranteed cost recovery; inflation pass-through via fuel adjustment clauses within 12-18 months
Inferred
Agent_Inference
target_gross_margin_bracket
Delivery margin ~35-45% of total revenue (excluding pass-through commodity); net utility margin ~$85-95M on ~$500M revenue base
Inferred
Agent_Inference
churn_vulnerability_index
Near-zero churn; monopoly franchise territory means no free-rider or competitive leakage; customer loss only through property vacancy (~1-2% annually)
Inferred
Agent_Inference
headcount_cost_structure
Headcount-linear for distribution operations; ~500 employees; doubling customers would require proportional field/operations staff; limited scalability benefit
Inferred
Agent_Inference
marginal_cost_of_growth
Capital-intensive sublinear revenue growth; incremental customers require grid capex ($800-1,200/customer connection); O&M grows roughly linearly with customer count
Inferred
Agent_Inference
franchise_compliance_risk
null
Inferred
Agent_Inference
customer_acquisition_metric
At 10x scale (~1.5M customers), regulatory complexity and capital requirements would dominate; current $1,200 avg connection cost unlikely to improve at scale in dense NE markets
Inferred
Agent_Inference
network_effect_present
No network effects; regulated monopoly utility—value per customer does not increase with additional customers; demand driven by geography not network dynamics
Inferred
Agent_Inference
asset_efficiency_ratio
3.1% Return on Assets (Excellent)
High
SEC-XBRL
recession_resistance_tier
Tier 1 recession-resistant; essential heating/electricity services with ~95% residential/small commercial mix; volumetric usage declines ~3-5% in deep recession
Inferred
Agent_Inference
customer_segment_primary
Residential customers (~75% of customer count, ~50% of delivery revenue) in NH and MA service territories; no single customer >5% of revenue
Inferred
Agent_Inference
customer_segment_secondary
Commercial and industrial customers (~25% count, ~50% delivery revenue); largest C&I customers subject to rate negotiations but individually immaterial at Unitil's scale
Inferred
Agent_Inference
characteristic_occupations
["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "17-0000 Architecture and Engineering Occupations", "23-0000 Legal Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "47-0000 Construction and Extraction Occupations", "49-0000 Installation, Maintenance, and Repair Occupations"]
High
SOC-2018/GICS-overlay
agent_automatable_labor_share
0.34 (HIL — ~34% of characteristic roles agent-automatable)
Medium
SOC-2018 + agentic-exposure-v1
capital_expenditure_profile
34.5% CapEx / Revenue (High-CapEx Infrastructure)
High
SEC-XBRL
sec_cik
0000755001
High
SEC-EDGAR
ticker
UTL
High
SEC-EDGAR