EX-11 2 d542469dex11.htm EX-11

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, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Net Income (Loss) |  | $ | (0.1 | ) |  | $ | (0.3 | ) |  | $ | 10.7 |  |  | $ | 8.7 |
Less: Dividend Requirements on Preferred Stock |  |  | — |  |  |  | 0.1 |  |  |  | — |  |  |  | 0.1 |
Net Income Applicable to Common Stock |  | $ | (0.1 | ) |  | $ | (0.4 | ) |  | $ | 10.7 |  |  | $ | 8.6 |
Weighted Average Number of Common Shares Outstanding – Basic (000’s) |  |  | 13,768 |  |  |  | 12,331 |  |  |  | 13,758 |  |  |  | 11,624 |
Dilutive Effect of Stock Options and Restricted Stock (000’s) |  |  | — |  |  |  | — |  |  |  | 2 |  |  |  | 3 |
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |  |  | 13,768 |  |  |  | 12,331 |  |  |  | 13,760 |  |  |  | 11,627 |
Earnings Per Share – Basic and Diluted |  | $ | (0.01 | ) |  | $ | (0.03 | ) |  | $ | 0.78 |  |  | $ | 0.74 |