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Exhibit 11
MARKWEST HYDROCARBON, INC.
COMPUTATION OF EARNINGS PER COMMON SHARE
(in thousands, except per share data)
|
| Three Months Ended |
| Six Months Ended |
| ||||||||
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| June 30, |
| June 30, |
| ||||||||
|
| 2003 |
| 2002 |
| 2003 |
| 2002 |
| ||||
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| (in thousands, except per share data) |
| ||||||||||
Net income (loss) |
| $ | 9,979 |
| $ | (2,075 | ) | $ | 8,937 |
| $ | (1,898 | ) |
Weighted average number of outstanding shares of common stock |
| 9,351 |
| 9,369 |
| 9,356 |
| 9,356 |
| ||||
Basic earnings (loss) per share |
| $ | 1.07 |
| $ | (0.22 | ) | $ | 0.96 |
| $ | (0.20 | ) |
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Net income (loss) |
| 9,979 |
| (2,075 | ) | 8,937 |
| $ | (1,898 | ) | |||
Weighted average number of outstanding shares of common stock |
| $ | 9,351 |
| $ | 9,369 |
| $ | 9,356 |
| 9,356 |
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Dilutive stock options |
| 20 |
| 33 |
| 20 |
| 25 |
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Earnings (loss) per share assuming dilution |
| $ | 1.06 |
| $ | (0.22 | ) | $ | 0.95 |
| $ | (0.20 | ) |
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