EX-11 3 a03-5593_1ex11.htm EX-11

Exhibit 11

MARKWEST HYDROCARBON, INC.

COMPUTATION OF EARNINGS PER COMMON SHARE

(000s, except per share date)

 

 

 

Three Months Ended
September 30,

 

Nine Months Ended
September 30,

 

 

 

2003

 

2002

 

2003

 

2002

 

 

 

(in thousands, except per share data)

 

Net income (loss)

 

$

(6,978

)

$

(3,162

)

$

1,959

 

$

(5,060

)

Weighted average number of outstanding shares of common stock

 

9,378

 

9,374

 

9,364

 

9,369

 

Basic earnings (loss) per share

 

$

(0.74

)

$

(0.34

)

$

0.21

 

$

(0.54

)

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

$

(6,978

)

$

(3,162

)

$

1,959

 

$

(5,060

)

Weighted average number of outstanding shares of common stock

 

$

9,378

 

$

9,374

 

9,364

 

9,369

 

Dilutive stock options

 

22

 

11

 

16

 

16

 

Weighted average number of outstanding shares of common stock assuming dilution

 

9,400

 

9,385

 

9,380

 

9,385

 

Earnings (loss) per share assuming dilution

 

$

(0.74

)

$

(0.34

)

$

0.21

 

$

(0.54

)