EX-11.1 2 d499165dex111.htm EX-11.1

EX-11.1

Exhibit 11.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

		Year Ended December 31,
		2017				2016				2015
EARNINGS PER SHARE (000’s, except per share data)
Net Income		$	29,005			$	27,124			$	26,264
Less: Dividend Requirements on Preferred Stock			11				11				12
Net Income Applicable to Common Stock		$	28,994			$	27,113			$	26,252
Average Number of Common Shares Outstanding—Basic			14,095				13,990				13,917
Dilutive Effect of Stock Options and Restricted Stock			7				6				3
Average Number of Common Shares Outstanding—Diluted			14,102				13,996				13,920
Earnings Per Share—Basic		$	2.06			$	1.94			$	1.89
Earnings Per Share—Diluted		$	2.06			$	1.94			$	1.89