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 September 30,						Nine Months Ended September 30,
(000’s, except per share data)		2006			2005			2006			2005
Net Income		$	1,827		$	1,601		$	5,305		$	5,847
Less: Dividend Requirements on Preferred Stock			35			39			99			117
Net Income Applicable to Common Stock		$	1,792		$	1,562		$	5,206		$	5,730
Weighted Average Number of Common Shares Outstanding – Basic			5,605,208			5,558,238			5,591,692			5,546,194
Dilutive Effect of Stock Options and Restricted Stock			13,874			18,813			14,073			16,920
Weighted Average Number of Common Shares Outstanding – Diluted			5,619,082			5,577,051			5,605,765			5,563,114
Earnings Per Share – Basic		$	0.32		$	0.28		$	0.93		$	1.03
Earnings Per Share – Diluted		$	0.32		$	0.28		$	0.93		$	1.03