EX-11 2 0002.txt EXHIBIT 11 EXHIBIT 11 NORTHWEST NATURAL GAS COMPANY Statement re: Computation of Per Share Earnings (Thousands, except per share amounts) (Unaudited)
Three Months Ended Six Months Ended June 30, June 30, -------------------- --------------------- 2000 1999 2000 1999 --------- ---------- ---------- ---------- Earnings Applicable to Common Stock $ 1,841 $ 10,151 $ 32,881 $ 33,557 Debenture Interest Less Taxes 100 106 201 212 --------- ---------- ---------- ---------- Net Income Available for Diluted Common Stock $ 1,941 $ 10,257 $ 33,082 $ 33,769 ========= ========== ========== ========== Average Common Shares Outstanding 25,195 24,946 25,162 24,915 Stock Options 9 16 3 17 Convertible Debentures 456 483 456 483 --------- ---------- ---------- ---------- Diluted Common Shares 25,660 25,445 25,621 25,415 ========= ========== ========== ========== Diluted Earnings per Share of Common Stock $ 0.07 $ 0.40 $ 1.29 $ 1.33 ========= ========== ========== ==========