EX-11.1 3 d262254dex111.htm EX-11.1

Exhibit 11.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

|  | Year Ended December 31, |
|  | 2016 |  |  | 2015 |  |  | 2014 |
EARNINGS PER SHARE (000’s, except per share data) |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 27,124 |  |  | $ | 26,264 |  |  | $ | 24,758 |
Less: Dividend Requirements on Preferred Stock |  |  | 11 |  |  |  | 12 |  |  |  | 14 |
Net Income Applicable to Common Stock |  | $ | 27,113 |  |  | $ | 26,252 |  |  | $ | 24,744 |
Average Number of Common Shares Outstanding—Basic |  |  | 13,990 |  |  |  | 13,917 |  |  |  | 13,843 |
Dilutive Effect of Stock Options and Restricted Stock |  |  | 6 |  |  |  | 3 |  |  |  | 4 |
Average Number of Common Shares Outstanding—Diluted |  |  | 13,996 |  |  |  | 13,920 |  |  |  | 13,847 |
Earnings Per Share—Basic |  | $ | 1.94 |  |  | $ | 1.89 |  |  | $ | 1.79 |
Earnings Per Share—Diluted |  | $ | 1.94 |  |  | $ | 1.89 |  |  | $ | 1.79 |