EX-11 5 ex_11.txt EX. 11 - COMP. OF PER SHARE EARNINGS EXHIBIT 11
NORTHWEST NATURAL GAS COMPANY Statement re: Computation of Per Share Earnings (Unaudited) Three Months Ended Six Months Ended Thousands, except per share amounts June 30, June 30, ------------------------------------------------------------------------------------------------------ 2002 2001 2002 2001 ---------------------------- ------------------- Earnings (Loss) Applicable to Common Stock ...... $ (3,582) $ 4,261 $ 30,270 $ 29,560 Debenture Interest Less Taxes .............. 74 92 148 188 -------- -------- -------- -------- Net Income (Loss) Available for Diluted Common Stock ........................................ $ (3,508) $ 4,353 $ 30,418 $ 29,748 ======== ======== ======== ======== Average Common Shares Outstanding ............... 25,410 25,103 25,338 25,155 Stock Options .............................. 73 31 61 34 Convertible Debentures ..................... 336 427 336 427 -------- -------- -------- -------- Diluted Common Shares ........................... 25,819 25,561 25,735 25,616 ======== ======== ======== ======== Diluted Earnings (Loss) per Share of Common Stock $ (0.14) $ 0.17 $ 1.18 $ 1.16 ======== ======== ======== ========