Unitil (UTL) 10-Q 2019 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,
	2019		2018		2019		2018
Net Income	$	2.3	$	2.8	$	32.8	$	22.0
Weighted Average Number of Common Shares Outstanding – Basic (000’s)		14,898		14,829		14,889		14,818
Dilutive Effect of Stock Options and Restricted Stock (000’s)		8		5		6		5
Weighted Average Number of Common Shares Outstanding – Diluted (000’s)		14,906		14,834		14,895		14,823
Earnings Per Share – Basic and Diluted	$	0.15	$	0.19	$	2.20	$	1.49