EX-11.1 3 d262242dex111.htm COMPUTATION IN SUPPORT OF EARNINGS PER SHARE FOR THE COMPANY

Exhibit 11.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

|  | Year Ended December 31, |
|  | 2011 |  |  | 2010 |  |  | 2009 |
EARNINGS PER SHARE (000’s, except per share data) |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 16,439 |  |  | $ | 9,616 |  |  | $ | 10,049 |
Less: Dividend Requirements on Preferred Stock |  |  | 131 |  |  |  | 132 |  |  |  | 134 |
Net Income Applicable to Common Stock |  | $ | 16,308 |  |  | $ | 9,484 |  |  | $ | 9,915 |
Average Number of Common Shares Outstanding—Basic |  |  | 10,880 |  |  |  | 10,823 |  |  |  | 9,647 |
Dilutive Effect of Stock Options and Restricted Stock |  |  | 3 |  |  |  | 1 |  |  |  | — |
Average Number of Common Shares Outstanding—Diluted |  |  | 10,883 |  |  |  | 10,824 |  |  |  | 9,647 |
Earnings Per Share—Basic |  | $ | 1.50 |  |  | $ | 0.88 |  |  | $ | 1.03 |
Earnings Per Share—Diluted |  | $ | 1.50 |  |  | $ | 0.88 |  |  | $ | 1.03 |