EX-11 2 d593046dex11.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 September 30, |  |  | Nine Months Ended September 30, |
|  | 2013 |  |  | 2012 |  |  | 2013 |  |  | 2012 |
Net Income |  | $ | 0.6 |  |  | $ | 0.5 |  |  | $ | 11.3 |  |  | $ | 9.2 |
Less: Dividend Requirements on Preferred Stock |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 0.1 |
Net Income Applicable to Common Stock |  | $ | 0.6 |  |  | $ | 0.5 |  |  | $ | 11.3 |  |  | $ | 9.1 |
Weighted Average Number of Common Shares Outstanding – Basic (000’s) |  |  | 13,777 |  |  |  | 13,707 |  |  |  | 13,765 |  |  |  | 12,318 |
Dilutive Effect of Stock Options and Restricted Stock (000’s) |  |  | 3 |  |  |  | 2 |  |  |  | 2 |  |  |  | 3 |
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |  |  | 13,780 |  |  |  | 13,709 |  |  |  | 13,767 |  |  |  | 12,321 |
Earnings Per Share – Basic and Diluted |  | $ | 0.04 |  |  | $ | 0.03 |  |  | $ | 0.82 |  |  | $ | 0.74 |