EX-11 5 km-form10k_ex11.txt COMPUTATION OF PER SHARE EARNINGS MORGAN ENERGY PARTNERS, L.P. AND SUBSIDIARIES EXHIBIT 11 - STATEMENT RE: COMPUTATION OF PER SHARE EARNINGS (Dollars In Thousands Except Per Unit Amounts)
Year Ended December 31, ------------------------------------------- 2006 2005 2004 ------------ ------------ ------------ Weighted average number of limited partners' units on which limited partners' net income per unit is based: Basic................................................... 224,585,424 212,197,302 196,955,618 Add: Incremental units under common unit option plan and under contracts to issue units depending on the market price of the units at a future date.................. 328,752 231,451 82,696 ------------ ------------ ------------ Assuming dilution....................................... 224,914,176 212,428,753 197,038,314 ============ ============ ============ Calculation of Limited Partners' interest in Net Income: Net Income.............................................. $ 972,143 $ 812,227 $ 831,578 Less: General Partner's interest in Net Income......... (512,967) (477,300) (395,092) ------------ ------------ ------------ Limited Partners' interest in Net Income................ $ 459,176 $ 334,927 $ 436,486 ============ ============ ============ Limited Partners' Net Income per unit: Basic................................................... $ 2.04 $ 1.58 $ 2.22 Diluted................................................. $ 2.04 $ 1.58 $ 2.22