EX-11 3 km-ex11toform10q_7838601.htm EXHIBIT 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,

 

 

 

2007

 

2006

 

 

Weighted average number of limited partners’ units on which limited partners’ net income per unit is based:
Basic

 

 

239.0

 

 

225.8

 

 

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

 

 

—

 

 

0.4

 

 

Assuming dilution

 

 

239.0

 

 

226.2

 

 

 

 

 

 

 

 

 

 

 

Calculation of Limited Partners’ interest in Net Income:

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

205.2

 

$

227.1

 

 

Less: General Partner’s interest in Income from Continuing
Operations

 

 

(155.7

)

 

(134.0

)

 

Limited Partners’ interest in Income from Continuing Operations

 

 

49.5

 

 

93.1

 

 

Add: Limited Partners’ interest in Income from Discontinued
Operations

 

 

8.5

 

 

2.4

 

 

Limited Partners’ interest in Net Income

 

$

58.0

 

$

95.5

 

 

 

 

 

 

 

 

 

 

 

Basic and Diluted Limited Partners’ Net Income per unit:

 

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

0.21

 

$

0.41

 

 

Income from Discontinued Operations

 

$

0.03

 

$

0.01

 

 

Net Income

 

$

0.24

 

$

0.42

 

 

 

 

 

 

Nine Months Ended September 30,

 

 

 

2007

 

2006

 

Weighted average number of limited partners’ units on which limited
partners’ net income per unit is based:
Basic

 

 

235.0

 

 

222.8

 

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

 

 

0.1

 

 

0.3

 

Assuming dilution

 

 

235.1

 

 

223.1

 

 

 

 

 

 

 

 

 

Calculation of Limited Partners’ interest in Net Income:

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

275.9

 

$

728.0

 

Less: General Partner’s interest in Income from Continuing
Operations

 

 

(439.9

)

 

(393.7

)

Limited Partners’ interest in Income from Continuing Operations

 

 

(164.0

)

 

334.3

 

Add: Limited Partners’ interest in Income from Discontinued
Operations

 

 

20.9

 

 

8.7

 

Limited Partners’ interest in Net Income

 

$

(143.1

)

$

343.0

 

 

 

 

 

 

 

 

 

Basic and Diluted Limited Partners’ Net Income per unit:

 

 

 

 

 

 

 

Income from Continuing Operations

 

$

(0.70

)

$

1.50

 

Income from Discontinued Operations

 

$

0.09

 

$

0.04

 

Net Income

 

$

(0.61

)

$

1.54