EX-11 6 exhibit11.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, ------------------ ------------------ 2001 2000 2001 2000 ------------------ ------------------ Earnings Applicable to Common Stock $ 4,261 $ 1,841 $ 29,560 $ 32,881 Debenture Interest Less Taxes 92 100 188 201 -------- -------- -------- -------- Net Income Available for Diluted Common Stock $ 4,353 $ 1,941 $ 29,748 $ 33,082 ======== ======== ======== ======== Average Common Shares Outstanding 25,103 25,195 25,155 25,162 Stock Options 31 9 34 3 Convertible Debentures 427 456 427 456 -------- -------- -------- -------- Diluted Common Shares 25,561 25,660 25,616 25,621 ======== ======== ======== ======== Diluted Earnings per Share of Common Stock $ 0.17 $ 0.07 $ 1.16 $ 1.29 ======== ======== ======== ========