EX-11 2 d360096dex11.htm COMPUTATION IN SUPPORT OF EARNINGS PER WEIGHTED 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, |
|  | 2012 |  |  | 2011 |  |  | 2012 |  |  | 2011 |
Net Income (Loss) |  | $ | (0.3 | ) |  | $ | (0.7 | ) |  | $ | 8.7 |  |  | $ | 8.0 |
Less: Dividend Requirements on Preferred Stock |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |  |  |  | 0.1 |
Net Income Applicable to Common Stock |  | $ | (0.4 | ) |  | $ | (0.8 | ) |  | $ | 8.6 |  |  | $ | 7.9 |
Weighted Average Number of Common Shares Outstanding – Basic (000’s) |  |  | 12,331 |  |  |  | 10,877 |  |  |  | 11,624 |  |  |  | 10,868 |
Dilutive Effect of Stock Options and Restricted Stock (000’s) |  |  | — |  |  |  | — |  |  |  | 3 |  |  |  | 3 |
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |  |  | 12,331 |  |  |  | 10,877 |  |  |  | 11,627 |  |  |  | 10,871 |
Earnings Per Share – Basic and Diluted |  | $ | (0.03 | ) |  | $ | (0.08 | ) |  | $ | 0.74 |  |  | $ | 0.73 |