EX-11.1 2 0002.txt EXHIBIT 11.1 Exhibit 11.1 (1 of 2) Castle Energy Corporation Statement of Computation of Earnings Per Share (Dollars in thousands, except per share amounts) (Unaudited)
Three Months Ended June 30, 2000 1999 -------------------------------- ------------------------------- Basic Diluted Basic Diluted ------- --------- ------- --------- I. Shares Outstanding, Net of Treasury Stock Purchased and Options Exercised During the Period: Stock, net 7,012,887 7,012,887 7,803,087 7,803,087 Options exercised (weighted) 2,475 2,475 Purchase of treasury stock (weighted) (146,530) (146,530) (16,626) (16,626) ---------- ---------- ---------- ---------- 6,866,357 6,866,357 7,788,936 7,788,936 II. Weighted Equivalent Shares: Assumed options and warrants exercised 110,857 142,218 ---------- ----------- ---------- ---------- III. Weighted Average Shares and Equivalent Shares 6,866,351 6,977,214 7,788,936 7,931,154 ========== ========== ========== ========== IV. Net Income Loss $ 1,024 $ 1,024 $ 900 $ 900 ========== ========== ========== ========== V. Net Income Per Share $ .15 $ .15 $ .12 $ .11 ========== ========== ========== ==========
Exhibit 11.1 (2 of 2) Castle Energy Corporation Statement of Computation of Earnings Per Share (Dollars in thousands, except per share amounts) (Unaudited)
Nine Months Ended June 30, 2000 1999 -------------------------------- ------------------------------- Basic Diluted Basic Diluted ------- --------- ------- --------- I. Shares Outstanding, Net of Treasury Stock Purchased and Options Exercised During the Period: Stock, net 7,639,287 7,639,287 8,822,187 8,822,187 Options exercised (weighted) 825 825 Purchase of treasury stock (weighted) (638,240) (638,240) (455,496) (455,496) ---------- ---------- ---------- ---------- 7,001,047 7,001,047 8,367,516 8,367,516 II. Weighted Equivalent Shares: Assumed options and warrants exercised 143,321 148,875 ---------- ---------- ---------- ---------- III. Weighted Average Shares and Equivalent Shares 7,001,047 7,144,368 8,367,516 8,516,391 ========== ========== ========== ========== IV. Net Income $ 1,006 $ 1,006 $ 7,349 $ 7,349 ========== ========== ========== ========== V. Net Income Per Share $ .14 $ .14 $ .88 $ .86 ========== ========== ========== ==========