EX-11 3 d356762dex11.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, |
|  | 2017 |  |  | 2016 |
Net Income |  | $ | 12.4 |  |  | $ | 10.9 |
Less: Dividend Requirements on Preferred Stock |  |  | — |  |  |  | — |
Net Income Applicable to Common Stock |  | $ | 12.4 |  |  | $ | 10.9 |
Weighted Average Number of Common Shares Outstanding – Basic (000’s) |  |  | 14,042 |  |  |  | 13,968 |
Dilutive Effect of Stock Options and Restricted Stock (000’s) |  |  | 6 |  |  |  | 5 |
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |  |  | 14,048 |  |  |  | 13,973 |
Earnings Per Share – Basic |  | $ | 0.88 |  |  | $ | 0.78 |
Earnings Per Share – Diluted |  | $ | 0.88 |  |  | $ | 0.78 |