EX-11.1 3 d837958dex111.htm EXHIBIT 11.1

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