EX-11 2 dex11.htm COMPUTATION IN SUPPORT OF EARNINGS PER AVERAGE COMMON SHARE

Computation in Support of Earnings Per Average Common Share

EXHIBIT 11.

UNITIL CORPORATION AND SUBSIDIARY COMPANIES

COMPUTATION OF EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING

(000’s except for per share data)

(UNAUDITED)

		Three Months Ended June 30,						Six Months Ended June 30,
(000’s, except per share data)		2006			2005			2006			2005
Net Income		$	1,435		$	1,536		$	3,478		$	4,246
Less: Dividend Requirements on Preferred Stock			34			39			64			78
Net Income Applicable to Common Stock		$	1,401		$	1,497		$	3,414		$	4,168
Weighted Average Number of Common Shares Outstanding – Basic			5,592,616			5,547,269			5,584,935			5,540,196
Dilutive Effect of Stock Options and Restricted Stock			13,993			15,846			14,173			15,194
Weighted Average Number of Common Shares Outstanding – Diluted			5,606,609			5,563,115			5,599,108			5,555,390
Earnings Per Share – Basic		$	0.25		$	0.27		$	0.61		$	0.75
Earnings Per Share – Diluted		$	0.25		$	0.27		$	0.61		$	0.75