Unitil (UTL) 10-Q 2016 Q2 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 June 30,				Six Months Ended June 30,
	2016		2015		2016		2015
Net Income	$	2.5	$	1.7	$	13.4	$	15.3
Weighted Average Number of Common Shares Outstanding – Basic (000’s)		13,985		13,912		13,976		13,880
Dilutive Effect of Stock Options and Restricted Stock (000’s)		6		3		6		3
Weighted Average Number of Common Shares Outstanding – Diluted (000’s)		13,991		13,915		13,982		13,883
Earnings Per Share – Basic and Diluted	$	0.18	$	0.12	$	0.96	$	1.10