| Exhibit 11.1 | ||||||||
| TARGA RESOURCES CORP. | ||||||||
| STATEMENT RE COMPUTATION OF PER SHARE EARNINGS | ||||||||
| (Shares in millions; Dollars in millions except per share amounts) | ||||||||
| Three Months Ended March 31, | ||||||||
| 2011 | 2010 | |||||||
| Net income | $ | 40.8 | $ | 35.9 | ||||
| Less: Net income attributable to noncontrolling interest | 34.0 | 14.0 | ||||||
| Net income attributable to Targa Resources Corp. | 6.8 | 21.9 | ||||||
| Dividends on Series B preferred stock | - | (4.6 | ) | |||||
| Undistributed earnings attibutable to preferred shareholders | - | (17.3 | ) | |||||
| Net income attributable to common shareholders | $ | 6.8 | $ | - | ||||
| Weighted average shares outstanding - basic | 40.9 | 3.9 | ||||||
| Net income available per common share - basic | $ | 0.17 | $ | - | ||||
| Weighted average shares outstanding | 40.9 | 3.9 | ||||||
| Dilutive effect of unvested stock awards | 0.4 | - | ||||||
| Weighted average shares outstanding - diluted | 41.3 | 3.9 | ||||||
| Net income (loss) available per common share - diluted | $ | 0.16 | $ | - | ||||
Targa Resources (TRGP)
Filed: 6 May 11, 12:00am