EX-11 2 d173430dex11.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, |
|  | 2016 |  |  | 2015 |
Net Income |  | $ | 10.9 |  |  | $ | 13.6 |
Less: Dividend Requirements on Preferred Stock |  |  | — |  |  |  | — |
Net Income Applicable to Common Stock |  | $ | 10.9 |  |  | $ | 13.6 |
Weighted Average Number of Common Shares Outstanding – Basic (000’s) |  |  | 13,968 |  |  |  | 13,893 |
Dilutive Effect of Stock Options and Restricted Stock (000’s) |  |  | 5 |  |  |  | 4 |
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |  |  | 13,973 |  |  |  | 13,897 |
Earnings Per Share – Basic |  | $ | 0.78 |  |  | $ | 0.98 |
Earnings Per Share – Diluted |  | $ | 0.78 |  |  | $ | 0.98 |