EX-11 5 exh_11.txt STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS EXHIBIT 11 NORTHWEST NATURAL GAS COMPANY Statement re: Computation of Per Share Earnings (Thousands, except per share amounts) (Unaudited)
Three Months Ended Nine Months Ended Sept. 30, Sept. 30, ----------------------- ----------------------- 2002 2001 2002 2001 ----------------------- ----------------------- Earnings (Loss) Applicable to Common Stock $ (6,590) $ (5,571) $ 23,680 $ 23,989 Debenture Interest Less Taxes 72 93 217 280 --------- --------- ---------- --------- Net Income (Loss) Available for Diluted Common Stock $ (6,518) $ (5,478) $ 23,897 $ 24,269 ========= ========= ========== ========= Average Common Shares Outstanding 25,492 25,133 25,389 25,148 Stock Options 66 40 60 33 Convertible Debentures 328 425 328 425 --------- --------- ---------- --------- Diluted Common Shares 25,886 25,598 25,777 25,606 ========= ========= ========== ========= Diluted Earnings (Loss) per Share of Common Stock $ (0.26) $ (0.22) $ 0.93 $ 0.95 ========= ========= ========== =========