EX-11 3 kmp-2012930ex11.htm EXHIBIT 11 KMP-2012.9.30 EX. 11


KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES
EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS
(Units in millions; Dollars in millions except per unit amounts)

 
Three Months Ended September 30,
 
2012
2011
Weighted Average Number of Units Used in Computation of Limited Partners' Net Income (Loss) per Unit
356

331

 
 
 
Calculation of Limited Partners' interest in Net Loss
 
 
Amounts attributable to Kinder Morgan Energy Partners, L.P.:
 
 
Income from Continuing Operations
$
509

$
161

Less: Pre-acquisition earnings allocated to General Partner
(36
)
—

Less: General Partner's remaining interest
(367
)
(298
)
Limited Partners' Interest
106

(137
)
Add: Limited Partners' Interest in Discontinued Operations
(128
)
54

Limited Partners' Interest in Net Loss
$
(22
)
$
(83
)
 
 
 
 
 
 
Limited Partners' Net Income (Loss) per Unit:
 
 
Income (Loss) from Continuing Operations
$
0.30

$
(0.41
)
Income (Loss) from Discontinued Operations
$
(0.36
)
$
0.16

Net Loss
$
(0.06
)
$
(0.25
)




 
Nine Months Ended September 30,
 
2012
2011
Weighted Average Number of Units Used in Computation of Limited Partners' Net Income (Loss) per Unit
345

323

 
 
 
Calculation of Limited Partners' interest in Net Loss
 
 
Amounts attributable to Kinder Morgan Energy Partners, L.P.:
 
 
Income from Continuing Operations
$
1,400

$
640

Less: Pre-acquisition earnings allocated to General Partner
(23
)
—

Less: General Partner's remaining interest
(1,024
)
(870
)
Limited Partners' Interest
353

(230
)
Add: Limited Partners' Interest in Discontinued Operations
(668
)
142

Limited Partners' Interest in Net Loss
$
(315
)
$
(88
)
 
 
 
 
 
 
Limited Partners' Net Income (Loss) per Unit:
 
 
Income (Loss) from Continuing Operations
$
1.02

$
(0.71
)
Income (Loss) from Discontinued Operations
$
(1.93
)
$
0.44

Net Loss
$
(0.91
)
$
(0.27
)