| Details on Long Term Debt |
Details on long-term debt at June 30, 2025, June 30, 2024 and December 31, 2024 are shown below.
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(millions) |
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June 30, |
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December 31, |
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2025 |
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2024 |
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2024 |
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Unitil Corporation: |
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3.70% Senior Notes, Due August 1, 2026 |
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$ |
30.0 |
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$ |
30.0 |
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$ |
30.0 |
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3.43% Senior Notes, Due December 18, 2029 |
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30.0 |
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30.0 |
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30.0 |
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5.99% Senior Notes, Due August 21, 2034 |
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20.0 |
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— |
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20.0 |
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Unitil Energy First Mortgage Bonds: |
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6.96% Senior Secured Notes, Due September 1, 2028 |
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8.0 |
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10.0 |
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8.0 |
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8.00% Senior Secured Notes, Due May 1, 2031 |
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9.0 |
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10.5 |
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10.5 |
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6.32% Senior Secured Notes, Due September 15, 2036 |
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15.0 |
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15.0 |
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15.0 |
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3.58% Senior Secured Notes, Due September 15, 2040 |
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27.5 |
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27.5 |
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27.5 |
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4.18% Senior Secured Notes, Due November 30, 2048 |
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30.0 |
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30.0 |
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30.0 |
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5.69% Senior Secured Notes, Due August 21, 2054 |
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40.0 |
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— |
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40.0 |
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Fitchburg: |
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3.52% Senior Notes, Due November 1, 2027 |
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10.0 |
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10.0 |
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10.0 |
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7.37% Senior Notes, Due January 15, 2029 |
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4.8 |
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6.0 |
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6.0 |
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5.90% Senior Notes, Due December 15, 2030 |
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15.0 |
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15.0 |
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15.0 |
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7.98% Senior Notes, Due June 1, 2031 |
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14.0 |
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14.0 |
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14.0 |
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5.70% Senior Notes, Due July 2, 2033 |
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12.0 |
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12.0 |
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12.0 |
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5.54% Senior Notes, Due August 21, 2034 |
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12.5 |
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— |
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12.5 |
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3.78% Senior Notes, Due September 15, 2040 |
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27.5 |
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27.5 |
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27.5 |
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5.99% Senior Notes, Due August 21, 2044 |
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12.5 |
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— |
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12.5 |
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4.32% Senior Notes, Due November 1, 2047 |
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15.0 |
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15.0 |
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15.0 |
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5.96% Senior Notes, Due July 2, 2053 |
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13.0 |
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13.0 |
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13.0 |
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Northern Utilities: |
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3.52% Senior Notes, Due November 1, 2027 |
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20.0 |
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20.0 |
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20.0 |
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5.54% Senior Notes, Due August 21, 2034 |
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25.0 |
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— |
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25.0 |
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7.72% Senior Notes, Due December 3, 2038 |
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50.0 |
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50.0 |
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50.0 |
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5.74% Senior Notes, Due August 21, 2039 |
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15.0 |
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— |
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15.0 |
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3.78% Senior Notes, Due September 15, 2040 |
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40.0 |
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40.0 |
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40.0 |
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4.42% Senior Notes, Due October 15, 2044 |
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50.0 |
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50.0 |
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50.0 |
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4.32% Senior Notes, Due November 1, 2047 |
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30.0 |
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30.0 |
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30.0 |
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4.04% Senior Notes, Due September 12, 2049 |
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40.0 |
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40.0 |
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40.0 |
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Granite State: |
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3.72% Senior Notes, Due November 1, 2027 |
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15.0 |
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15.0 |
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15.0 |
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5.74% Senior Notes, Due August 21, 2034 |
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10.0 |
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— |
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10.0 |
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Unitil Realty Corp.: |
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2.64% Senior Secured Notes, Due December 18, 2030 |
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3.7 |
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3.9 |
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3.8 |
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Total Long-Term Debt |
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644.5 |
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514.4 |
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647.3 |
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Less: Unamortized Debt Issuance Costs |
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3.8 |
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3.1 |
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4.0 |
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Total Long-Term Debt, net of Unamortized Debt Issuance
Costs |
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640.7 |
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511.3 |
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643.3 |
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Less: Current Portion |
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4.9 |
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4.9 |
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4.9 |
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Total Long-term Debt, Less Current Portion |
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$ |
635.8 |
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$ |
506.4 |
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$ |
638.4 |
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| Future Operating Lease Payment Obligations and Future Minimum Lease Payments under Capital Leases |
The following table is a schedule of future operating lease payment obligations and future minimum lease payments under capital leases as of June 30, 2025. The payments for operating leases consist of $1.7 million of current Operating Lease Obligations and $4.0 million of noncurrent Operating Lease Obligations on the Company’s Consolidated Balance Sheets as of June 30, 2025. The payments for capital leases consist of $0.1 million of current capital lease obligations, which are included in Other Current Liabilities and $0.3 million of noncurrent capital lease obligations, which are included in Other Noncurrent Liabilities, on the Company’s Consolidated Balance Sheets as of June 30, 2025.
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Lease Payments ($000’s) |
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Operating |
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Capital |
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Year Ending December 31, |
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Leases |
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Leases |
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Rest of 2025 |
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$ |
1,617 |
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$ |
123 |
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2026 |
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1,219 |
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105 |
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2027 |
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1,533 |
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131 |
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2028 |
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971 |
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45 |
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2029 |
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641 |
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22 |
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2030 - 2034 |
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409 |
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— |
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Total Payments |
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6,390 |
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426 |
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Less: Interest |
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663 |
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33 |
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Amount of Lease Obligations Recorded on Consolidated
Balance Sheets |
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$ |
5,727 |
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$ |
393 |
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