Unitil (UTL) 10-Q 2018 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,
	2018		2017		2018		2017
Net Income	$	3.6	$	3.1	$	19.2	$	15.5
Weighted Average Number of Common Shares Outstanding – Basic (000’s)		14,822		14,060		14,813		14,051
Dilutive Effect of Stock Options and Restricted Stock (000’s)		7		7		5		6
Weighted Average Number of Common Shares Outstanding – Diluted (000’s)		14,829		14,067		14,818		14,057
Earnings Per Share – Basic and Diluted	$	0.24	$	0.23	$	1.30	$	1.11