EX-11.1 2 d599927dex111.htm EX-11.1

Exhibit 11.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

|  | Year Ended December 31, |
|  | 2018 |  |  | 2017 |  |  | 2016 |
EARNINGS PER SHARE (000’s, except per share data) |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 33,041 |  |  | $ | 29,005 |  |  | $ | 27,124 |
Less: Dividend Requirements on Preferred Stock |  |  | 11 |  |  |  | 11 |  |  |  | 11 |
Net Income Applicable to Common Stock |  | $ | 33,030 |  |  | $ | 28,994 |  |  | $ | 27,113 |
Average Number of Common Shares Outstanding—Basic |  |  | 14,824 |  |  |  | 14,095 |  |  |  | 13,990 |
Dilutive Effect of Stock Options and Restricted Stock |  |  | 5 |  |  |  | 7 |  |  |  | 6 |
Average Number of Common Shares Outstanding—Diluted |  |  | 14,829 |  |  |  | 14,102 |  |  |  | 13,996 |
Earnings Per Share—Basic |  | $ | 2.23 |  |  | $ | 2.06 |  |  | $ | 1.94 |
Earnings Per Share—Diluted |  | $ | 2.23 |  |  | $ | 2.06 |  |  | $ | 1.94 |