EX-11 2 d502811dex11.htm EX-11

EXHIBIT 11

UNITIL CORPORATION AND SUBSIDIARY COMPANIES

COMPUTATION OF EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING

(Millions, except for per share data)

(UNAUDITED)

|  | Three Months Ended March 31, |
|  | 2013 |  |  | 2012 |
Net Income |  | $ | 10.8 |  |  | $ | 9.0 |
Less: Dividend Requirements on Preferred Stock |  |  | — |  |  |  | — |
Net Income Applicable to Common Stock |  | $ | 10.8 |  |  | $ | 9.0 |
Weighted Average Number of Common Shares Outstanding – Basic (000’s) |  |  | 13,748 |  |  |  | 10,917 |
Dilutive Effect of Stock Options and Restricted Stock (000’s) |  |  | 2 |  |  |  | 4 |
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |  |  | 13,750 |  |  |  | 10,921 |
Earnings Per Share – Basic |  | $ | 0.79 |  |  | $ | 0.83 |
Earnings Per Share – Diluted |  | $ | 0.79 |  |  | $ | 0.83 |

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