EX-11 4 exh11.txt STATEMENT (COMPUTATION PER SHARE EARNINGS) EXHIBIT (11) NORTHWEST NATURAL GAS COMPANY Statement re: Computation of Per Share Earnings (Unaudited)
Thousands, except per share amounts Three Months Ended March 31, ------------------------------------------------------------------------------------------ 2003 2002 ------------------------------ Earnings Applicable to Common Stock $ 26,257 $ 33,852 Debenture Interest Less Taxes 71 91 ----------- ---------- Net Income Available for Diluted Common Stock $ 26,328 $ 33,943 =========== ========== Average Common Shares Outstanding 25,617 25,266 Stock Options 35 54 Convertible Debentures 323 414 ----------- ---------- Diluted Common Shares 25,975 25,734 =========== ========== Diluted Earnings per Share of Common Stock $ 1.01 $ 1.32 =========== ==========