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 WEIGHTED AVERAGE COMMON SHARE OUTSTANDING

(Millions except common shares and per share data)

(UNAUDITED)

		Three Months Ended June 30,						Six Months Ended June 30,
		2009			2008			2009			2008
Net Income		$	0.3		$	1.7		$	9.4		$	5.0
Less: Dividend Requirements on Preferred Stock			0.1			0.1			0.1			0.1
Net Income Applicable to Common Stock		$	0.2		$	1.6		$	9.3		$	4.9
Weighted Average Number of Common Shares Outstanding – Basic (000’s)			9,014			5,736			8,516			5,728
Dilutive Effect of Stock Options and Restricted Stock (000’s)			—			5			—			5
Weighted Average Number of Common Shares Outstanding – Diluted (000’s)			9,014			5,741			8,516			5,733
Earnings Per Share – Basic		$	0.03		$	0.28		$	1.10		$	0.85
Earnings Per Share – Diluted		$	0.03		$	0.28		$	1.10		$	0.85