EX-11 2 km-ex11_6881230v3.txt STMT RE COMPUTATION OF PER SHARE EARNINGS KINDER MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (Dollars In Thousands Except Per Unit Amounts)
FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2005 2004 ============================================================================================= Weighted-average number of limited partners' units on which limited partners' net income per unit is based: Basic 213,191,673 196,854,142 Add: Incremental units under common unit option plan 304,598 82,644 --------------------------------------------------------------------------------------------- Assuming dilution 213,496,271 196,936,786 ============================================================================================= Net Income $ 245,387 $ 217,342 --------------------------------------------------------------------------------------------- Less: General Partner's interest in Net Income (122,744) (100,320) --------------------------------------------------------------------------------------------- Limited Partners' interest in Net Income $ 122,643 $ 117,022 ============================================================================================= Limited Partners' Net Income per unit: Basic $ .58 $ .59 Diluted $ .57 $ .59
FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2005 2004 ============================================================================================= Weighted-average number of limited partners' units on which limited partners' net income per unit is based: Basic 210,000,670 195,111,572 Add: Incremental units under common unit option plan 198,126 84,299 --------------------------------------------------------------------------------------------- Assuming dilution 210,198,796 195,195,871 ============================================================================================= Net Income $ 690,834 $ 604,314 --------------------------------------------------------------------------------------------- Less: General Partner's interest in Net Income (351,724) (287,851) --------------------------------------------------------------------------------------------- Limited Partners' interest in Net Income $ 339,110 $ 316,463 ============================================================================================= Limited Partners' Net Income per unit: Basic $ 1.61 $ 1.62 Diluted $ 1.61 $ 1.62