EX-11 2 d236090dex11.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, |
|  | 2016 |  |  | 2015 |  |  | 2016 |  |  | 2015 |
Net Income |  | $ | 3.5 |  |  | $ | 1.7 |  |  | $ | 16.9 |  |  | $ | 17.0 |
Weighted Average Number of Common Shares Outstanding – Basic (000’s) |  |  | 13,993 |  |  |  | 13,922 |  |  |  | 13,982 |  |  |  | 13,909 |
Dilutive Effect of Stock Options and Restricted Stock (000’s) |  |  | 6 |  |  |  | 3 |  |  |  | 6 |  |  |  | 3 |
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |  |  | 13,999 |  |  |  | 13,925 |  |  |  | 13,988 |  |  |  | 13,912 |
Earnings Per Share – Basic and Diluted |  | $ | 0.25 |  |  | $ | 0.12 |  |  | $ | 1.21 |  |  | $ | 1.22 |