Unitil (UTL) 10-K2008 FY Annual report

Filed: 18 Feb 09, 12:00am

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Removed: abandoned, absent, AMI, amortizing, applying, Atlantic, Attorney, borrow, buy, CEO, chose, chosen, committed, conclude, Conditional, consummated, debenture, decline, DEP, estimate, Exhibit, exposed, franchise, gained, inflow, institution, introduction, invest, involve, judicial, legislative, Lybrand, measure, measurement, Monarch, nuclear, Ocean, par, pledged, popular, processed, replace, resolve, role, Seabrook, secure, step, surcharge, suspended, Television, UES, unrestricted, USA, utilizing

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Exhibit 11.1

UNITIL CORPORATION

COMPUTATION IN SUPPORT OF EARNINGS PER SHARE


	Year Ended December 31,
	2008		2007		2006
EARNINGS PER SHARE (000’s, except per share data)

Net Income	$	9,735	$	8,746	$	8,033

Less: Dividend Requirements on Preferred Stock		135		136		133



Net Income Applicable to Common Stock	$	9,600	$	8,610	$	7,900



Average Number of Common Shares Outstanding—Basic		5,830		5,659		5,597

Dilutive Effect of Stock Options and Restricted Stock		—		13		15

Average Number of Common Shares Outstanding—Diluted		5,830		5,672		5,612

Earnings Per Share—Basic	$	1.65	$	1.52	$	1.41

Earnings Per Share—Diluted	$	1.65	$	1.52	$	1.41