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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| 2022 | 2021 | |||||||
| Net Income |
$ | 21.5 | $ | 18.9 | ||||
| Less: Dividend Requirements on Preferred Stock |
— | — | ||||||
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| Net Income Applicable to Common Stock |
$ | 21.5 | $ | 18.9 | ||||
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| Weighted Average Number of Common Shares Outstanding – Basic (000’s) |
15,972 | 14,994 | ||||||
| Dilutive Effect of Stock Options and Restricted Stock (000’s) |
4 | 2 | ||||||
| Weighted Average Number of Common Shares Outstanding – Diluted (000’s) |
15,976 | 14,996 | ||||||
| Earnings Per Share – Basic |
$ | 1.35 | $ | 1.26 | ||||
| Earnings Per Share – Diluted |
$ | 1.35 | $ | 1.26 | ||||