EX-11.1 5 d276476dex111.htm EX-11.1

Exhibit 11.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE

|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
EARNINGS PER SHARE (000’s, except per share data) |  |  |  |  |  |  |  |  |  |  |  |
Net Income |  | $ | 36,084 |  |  | $ | 32,166 |  |  | $ | 44,238 |
Less: Dividend Requirements on Preferred Stock |  |  | 11 |  |  |  | 11 |  |  |  | 11 |
Net Income Applicable to Common Stock |  | $ | 36,073 |  |  | $ | 32,155 |  |  | $ | 44,227 |
Average Number of Common Shares Outstanding - Basic |  |  | 15,373 |  |  |  | 14,951 |  |  |  | 14,894 |
Dilutive Effect of Stock Options and Restricted Stock |  |  | 3 |  |  |  | 1 |  |  |  | 6 |
Average Number of Common Shares Outstanding - Diluted |  |  | 15,376 |  |  |  | 14,952 |  |  |  | 14,900 |
Earnings Per Share - Basic |  | $ | 2.35 |  |  | $ | 2.15 |  |  | $ | 2.97 |
Earnings Per Share - Diluted |  | $ | 2.35 |  |  | $ | 2.15 |  |  | $ | 2.97 |