EX-11.1 3 d837958dex111.htm EXHIBIT 11.1

Exhibit 11.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

|  | Year Ended December 31, |
|  | 2014 |  |  | 2013 |  |  | 2012 |
EARNINGS PER SHARE (000’s, except per share data) |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 24,758 |  |  | $ | 21,629 |  |  | $ | 18,196 |
Less: Dividend Requirements on Preferred Stock |  |  | 14 |  |  |  | 14 |  |  |  | 102 |
Net Income Applicable to Common Stock |  | $ | 24,744 |  |  | $ | 21,615 |  |  | $ | 18,094 |
Average Number of Common Shares Outstanding—Basic |  |  | 13,843 |  |  |  | 13,773 |  |  |  | 12,669 |
Dilutive Effect of Stock Options and Restricted Stock |  |  | 4 |  |  |  | 2 |  |  |  | 3 |
Average Number of Common Shares Outstanding—Diluted |  |  | 13,847 |  |  |  | 13,775 |  |  |  | 12,672 |
Earnings Per Share—Basic |  | $ | 1.79 |  |  | $ | 1.57 |  |  | $ | 1.43 |
Earnings Per Share—Diluted |  | $ | 1.79 |  |  | $ | 1.57 |  |  | $ | 1.43 |