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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, | ||||||||
| 2013 | 2012 | |||||||
Net Income | $ | 10.8 | $ | 9.0 | ||||
Less: Dividend Requirements on Preferred Stock | — | — | ||||||
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Net Income Applicable to Common Stock | $ | 10.8 | $ | 9.0 | ||||
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Weighted Average Number of Common Shares Outstanding – Basic (000’s) | 13,748 | 10,917 | ||||||
Dilutive Effect of Stock Options and Restricted Stock (000’s) | 2 | 4 | ||||||
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) | 13,750 | 10,921 | ||||||
Earnings Per Share – Basic | $ | 0.79 | $ | 0.83 | ||||
Earnings Per Share – Diluted | $ | 0.79 | $ | 0.83 | ||||
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