EX-11.1 8 d67774dex111.htm EX-11.1

Exhibit 11.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

|  | Year Ended December 31, |
|  | 2020 |  |  | 2019 |  |  | 2018 |
EARNINGS PER SHARE (000’s, except per share data) |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 32,166 |  |  | $ | 44,238 |  |  | $ | 33,041 |
Less: Dividend Requirements on Preferred Stock |  |  | 11 |  |  |  | 11 |  |  |  | 11 |
Net Income Applicable to Common Stock |  | $ | 32,155 |  |  | $ | 44,227 |  |  | $ | 33,030 |
Average Number of Common Shares Outstanding—Basic |  |  | 14,951 |  |  |  | 14,894 |  |  |  | 14,824 |
Dilutive Effect of Stock Options and Restricted Stock |  |  | 1 |  |  |  | 6 |  |  |  | 5 |
Average Number of Common Shares Outstanding—Diluted |  |  | 14,952 |  |  |  | 14,900 |  |  |  | 14,829 |
Earnings Per Share—Basic |  | $ | 2.15 |  |  | $ | 2.97 |  |  | $ | 2.23 |
Earnings Per Share—Diluted |  | $ | 2.15 |  |  | $ | 2.97 |  |  | $ | 2.23 |