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, |
|||||||||||||||
| 2019 | 2018 | 2019 | 2018 | |||||||||||||
| Net Income |
$ | 2.3 | $ | 2.8 | $ | 32.8 | $ | 22.0 | ||||||||
| Weighted Average Number of Common Shares Outstanding – Basic (000’s) |
14,898 | 14,829 | 14,889 | 14,818 | ||||||||||||
| Dilutive Effect of Stock Options and Restricted Stock (000’s) |
8 | 5 | 6 | 5 | ||||||||||||
| Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |
14,906 | 14,834 | 14,895 | 14,823 | ||||||||||||
| Earnings Per Share – Basic and Diluted |
$ | 0.15 | $ | 0.19 | $ | 2.20 | $ | 1.49 | ||||||||