EX-11 3 d592339dex11.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, |
|  | 2018 |  |  | 2017 |  |  | 2018 |  |  | 2017 |
Net Income |  | $ | 2.8 |  |  | $ | 2.3 |  |  | $ | 22.0 |  |  | $ | 17.8 |
Weighted Average Number of Common Shares Outstanding – Basic (000’s) |  |  | 14,829 |  |  |  | 14,067 |  |  |  | 14,818 |  |  |  | 14,056 |
Dilutive Effect of Stock Options and Restricted Stock (000’s) |  |  | 5 |  |  |  | 7 |  |  |  | 5 |  |  |  | 7 |
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |  |  | 14,834 |  |  |  | 14,074 |  |  |  | 14,823 |  |  |  | 14,063 |
Earnings Per Share – Basic and Diluted |  | $ | 0.19 |  |  | $ | 0.16 |  |  | $ | 1.49 |  |  | $ | 1.27 |