Unitil (UTL) 10-Q 2013 Q3 Quarterly report

EXHIBIT 11

UNITIL CORPORATION AND SUBSIDIARY COMPANIES

COMPUTATION OF EARNINGS PER WEIGHTED AVERAGE COMMON SHARE OUTSTANDING

(Millions except common shares and per share data)

(UNAUDITED)

	Three Months Ended September 30,				Nine Months Ended September 30,
	2013		2012		2013		2012
Net Income	$	0.6	$	0.5	$	11.3	$	9.2
Less: Dividend Requirements on Preferred Stock		—		—		—		0.1
Net Income Applicable to Common Stock	$	0.6	$	0.5	$	11.3	$	9.1
Weighted Average Number of Common Shares Outstanding – Basic (000’s)		13,777		13,707		13,765		12,318
Dilutive Effect of Stock Options and Restricted Stock (000’s)		3		2		2		3
Weighted Average Number of Common Shares Outstanding – Diluted (000’s)		13,780		13,709		13,767		12,321
Earnings Per Share – Basic and Diluted	$	0.04	$	0.03	$	0.82	$	0.74