EX-11 3 d907602dex11.htm EXHIBIT 11 Exhibit 11

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,
 
     2015      2014  

Net Income

   $ 13.6       $ 12.6   

Less: Dividend Requirements on Preferred Stock

     —           —     
  

 

 

    

 

 

 

Net Income Applicable to Common Stock

$ 13.6    $ 12.6   
  

 

 

    

 

 

 

Weighted Average Number of Common Shares Outstanding – Basic (000’s)

  13,893      13,819   

Dilutive Effect of Stock Options and Restricted Stock (000’s)

  4      3   

Weighted Average Number of Common Shares Outstanding – Diluted (000’s)

  13,897      13,822   

Earnings Per Share – Basic

$ 0.98    $ 0.91   

Earnings Per Share – Diluted

$ 0.98    $ 0.91