EX-11 3 a03-2672_1ex11.htm EX-11

Exhibit 11

MARKWEST HYDROCARBON, INC.

COMPUTATION OF EARNINGS PER COMMON SHARE

(in thousands, except per share data)

 

 

 

Three Months Ended

 

Six Months Ended

 

 

 

June 30,

 

June 30,

 

 

 

2003

 

2002

 

2003

 

2002

 

 

 

(in thousands, except per share data)

 

Net income (loss)

 

$

9,979

 

$

(2,075

)

$

8,937

 

$

(1,898

)

Weighted average number of outstanding shares of common stock

 

9,351

 

9,369

 

9,356

 

9,356

 

Basic earnings (loss) per share

 

$

1.07

 

$

(0.22

)

$

0.96

 

$

(0.20

)

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

9,979

 

(2,075

)

8,937

 

$

(1,898

)

Weighted average number of outstanding shares of common stock

 

$

9,351

 

$

9,369

 

$

9,356

 

9,356

 

Dilutive stock options

 

20

 

33

 

20

 

25

 

Earnings (loss) per share assuming dilution

 

$

1.06

 

$

(0.22

)

$

0.95

 

$

(0.20

)