EX-11 3 ex11-1.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, ---------------------------------------------------------------- 2002 2001 -------------------------- ----------------------------- Basic Diluted Basic Diluted --------- ----------- --------- ----------- I. Shares Outstanding, Net of Treasury Stock Purchased and Options Exercised During the Period: Stock, net 6,632,884 6,632,884 6,632,884 6,632,884 --------- --------- --------- --------- Purchase of treasury stock (weighted) 6,632,884 6,632,884 6,632,884 6,632,884 II. Weighted Equivalent Shares: Assumed options and warrants exercised 149,973 168,968 --------- --------- ---------- --------- III. Weighted Average Shares and Equivalent Shares 6,632,884 6,782,857 6,632,884 6,801,852 ========= ========= ========== ========= IV. Net Income $ 632 $ 632 $ 397 $ 397 ========= ========= ========== ========= V. Net Income Per Share $ .10 $ .09 $ .06 $ .06 ========= ========= ========== =========
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, ---------------------------------------------------------------- 2002 2001 -------------------------- ----------------------------- Basic Diluted Basic Diluted --------- ----------- --------- ----------- I. Shares Outstanding, Net of Treasury Stock Purchased and Options Exercised During the Period: Stock, net 6,632,884 6,632,884 6,712,884 6,712,884 Purchase of treasury stock (weighted) (65,580) (65,580) --------- --------- --------- --------- 6,632,884 6,632,884 6,647,304 6,647,304 II. Weighted Equivalent Shares: Assumed options and warrants exercised 132,324 190,546 --------- --------- --------- --------- III. Weighted Average Shares and Equivalent Shares 6,632,884 6,765,208 6,647,304 6,837,850 ========= ========= ========= ========= IV. Net Income (Loss) ($ 224) ($ 224) $ 3,038 $ 3,038 ========= ========= ========= ========= V. Net Income (Loss) Per Share ($ .03) ($ .03) $ .46 $ .44 ========= ========= ========= =========