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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, | ||||||||
2020 | 2019 | |||||||
Net Income | $ | 15.2 | $ | 26.5 | ||||
Less: Dividend Requirements on Preferred Stock | — | — | ||||||
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Net Income Applicable to Common Stock | $ | 15.2 | $ | 26.5 | ||||
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Weighted Average Number of Common Shares Outstanding – Basic (000’s) | 14,934 | 14,875 | ||||||
Dilutive Effect of Stock Options and Restricted Stock (000’s) | 4 | 5 | ||||||
Weighted Average Number of Common Shares Outstanding – Diluted (000’s) | 14,938 | 14,880 | ||||||
Earnings Per Share – Basic | $ | 1.02 | $ | 1.78 | ||||
Earnings Per Share – Diluted | $ | 1.02 | $ | 1.78 |