EXHIBIT 11
UNITIL CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING
($ Millions, except for per share data)
(UNAUDITED)
| Three Months Ended March 31, |
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| 2021 | 2020 | |||||||
| Net Income |
$ | 18.9 | $ | 15.2 | ||||
| Less: Dividend Requirements on Preferred Stock |
— | — | ||||||
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| Net Income Applicable to Common Stock |
$ | 18.9 | $ | 15.2 | ||||
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| Weighted Average Number of Common Shares Outstanding – Basic (000’s) |
14,994 | 14,934 | ||||||
| Dilutive Effect of Stock Options and Restricted Stock (000’s) |
2 | 4 | ||||||
| Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |
14,996 | 14,938 | ||||||
| Earnings Per Share – Basic |
$ | 1.26 | $ | 1.02 | ||||
| Earnings Per Share – Diluted |
$ | 1.26 | $ | 1.02 | ||||
50