Reconciliation of Earnings Per Share (EPS) (Tables)

6 Months Ended

Jun. 30, 2014

Schedule of Earnings Per Share Reconciliation



	Three months ended							Three months ended
(in thousands, except per share amounts)	June 30, 2014							June 30, 2013
	Net				Per Share			Net			Per Share
	Income			Shares	Amount			Income		Shares	Amount
Basic EPS	$	(7,953	)	72,851	$	(0.11	)	$	83,067	72,167	$	1.15
Effect of dilutive securities
Stock options				—						225
Non-vested restricted stock				—						16
Performance share awards				—						11
Diluted EPS	$	(7,953	)	72,851	$	(0.11	)	$	83,067	72,419	$	1.15

In periods of loss, shares that otherwise would have been included in diluted average common shares outstanding are excluded. Energen had 337,614 of excluded shares for the three months ended June 30, 2014.



	Six months ended					Six months ended
(in thousands, except per share amounts)	June 30, 2014					June 30, 2013
	Net			Per Share		Net			Per Share
	Income		Shares	Amount		Income		Shares	Amount
Basic EPS	$	45,363	72,737	$	0.62	$	139,759	72,155	$	1.94
Effect of dilutive securities
Stock options			165					164
Non-vested restricted stock			48					10
Performance share awards			81					—
Diluted EPS	$	45,363	73,031	$	0.62	$	139,759	72,329	$	1.93

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

Energen had the following shares that were excluded from the computation of diluted EPS, as inclusion would be anti-dilutive:



	Three months ended June 30,		Six months ended June 30,
(in thousands)	2014	2013	2014	2013
Stock options	114	316	114	687
Performance share awards	4	—	68	161