EX-11.1 9 0009.txt COMPUTATION OF PER SHARE EARNINGS 12/31/2000 Exhibit 11.1 WESTERN GAS RESOURCES, INC. COMPUTATION OF PER SHARE EARNINGS DECEMBER 31, 2000
Weighted Average Shares Of Earnings Common Per Share Stock Net Of Common Outstanding Income Stock ----------- ------------- --------- Net income........................................................... $ 56,108,000 Weighted average shares of common stock outstanding.................. 32,240,755 Less preferred stock dividends: $2.28 cumulative preferred stock................................. (3,171,000) $2.625 cumulative convertible preferred stock.................... (7,245,000) ---------- ------------- 32,240,755 $ 45,692,000 ========== ============= Basic earnings per share of common stock............................. $ 1.42 =========== (Assume no conversion of anti-dilutive convertible preferred stock) Assume exercise of common stock equivalents: Weighted average shares of common stock outstanding.............. 32,834,641 (Anti-dilutive common stock equivalents are not used in this calculation) 32,834,641 $ 45,692,000 ========== ============= Fully diluted earnings per share of common stock..................... $ 1.39 ===========