EX-11 2 d173430dex11.htm EX-11

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