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EXHIBIT 11.
UNITIL CORPORATION AND SUBSIDIARY COMPANIES
COMPUTATION OF EARNINGS PER AVERAGE COMMON SHARE OUTSTANDING
(000’s except for per share data)
(UNAUDITED)
Three Months Ended September 30, | Nine Months Ended September 30, | |||||||||||
(000’s, except per share data)
| 2006 | 2005 | 2006 | 2005 | ||||||||
Net Income | $ | 1,827 | $ | 1,601 | $ | 5,305 | $ | 5,847 | ||||
Less: Dividend Requirements on Preferred Stock | 35 | 39 | 99 | 117 | ||||||||
Net Income Applicable to Common Stock | $ | 1,792 | $ | 1,562 | $ | 5,206 | $ | 5,730 | ||||
Weighted Average Number of Common Shares Outstanding – Basic | 5,605,208 | 5,558,238 | 5,591,692 | 5,546,194 | ||||||||
Dilutive Effect of Stock Options and Restricted Stock | 13,874 | 18,813 | 14,073 | 16,920 | ||||||||
Weighted Average Number of Common Shares Outstanding – Diluted | 5,619,082 | 5,577,051 | 5,605,765 | 5,563,114 | ||||||||
Earnings Per Share – Basic | $ | 0.32 | $ | 0.28 | $ | 0.93 | $ | 1.03 | ||||
Earnings Per Share – Diluted | $ | 0.32 | $ | 0.28 | $ | 0.93 | $ | 1.03 |