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)
Year Ended September 30, ------------------------------------------------------------------- 2002 (As Restated) 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) (3,508) (3,508) (69,160) (69,160) ----------- ----------- ---------- ---------- 6,629,376 6,629,376 6,643,724 6,643,724 II. Weighted Equivalent Shares: Assumed options and warrants exercised 175,131 ----------- ----------- ---------- ---------- III. Weighted Average Shares and Equivalent Shares 6,629,376 6,629,376 6,643,724 6,818,855 =========== =========== ========== ========== IV. Net Income (Loss) ($ 1,844) ($ 1,844) $ 1,716 $ 1,716 =========== =========== ========== ========== V. Net Income (Loss) Per Share ($ .28) ($ .28) $ .26 $ .25 =========== =========== ========== ==========
Exhibit 11.1 (2 of 2) Castle Energy Corporation Statement of Computation of Earnings Per Share (Dollars in thousands, except per share amounts) (Unaudited)
Three Months Ended September 30, ------------------------------------------------------------------- 2002 (As Restated) 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) (13,912) (13,912) ----------- ----------- ----------- ----------- 6,618,972 6,618,972 6,632,884 6,632,884 II. Weighted Equivalent Shares: Assumed options and warrants exercised 121,714 ----------- ----------- ----------- ----------- III. Weighted Average Shares and Equivalent Shares 6,618,972 6,618,972 6,632,884 6,754,598 =========== =========== =========== =========== IV. Net Income (Loss) ($ 1,620) ($ 1,620) ($ 1,322) ($ 1,322) =========== =========== =========== =========== V. Net Income (Loss) Per Share ($ .24) ($ .24) ($ .20) ($ .20) =========== =========== =========== ===========