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 June 30, |
| ||||
|
|
| |||||
|
| 2008 |
| 2007 |
| ||
|
|
|
| ||||
Weighted average number of limited partners’ units on which limited partners’ net income per unit is based: |
|
|
|
|
|
|
|
Basic |
|
| 256.7 |
|
| 235.0 |
|
Add: Incremental units under contracts to issue units depending on the market price of the units at a future date |
|
| — |
|
| — |
|
|
|
|
| ||||
Assuming dilution |
|
| 256.7 |
|
| 235.0 |
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
Calculation of Limited Partners’ interest in Net Income: |
|
|
|
|
|
|
|
Income from Continuing Operations |
| $ | 361.4 |
| $ | 227.3 |
|
Less: General Partner’s interest in Income from Continuing Operations |
|
| (195.9 | ) |
| (148.2 | ) |
|
|
|
| ||||
Limited Partners’ interest in Income from Continuing Operations |
|
| 165.5 |
|
| 79.1 |
|
Add: Limited Partners’ interest in Income from Discontinued Operations |
|
| 0.8 |
|
| 5.4 |
|
|
|
|
| ||||
Limited Partners’ interest in Net Income |
| $ | 166.3 |
| $ | 84.5 |
|
|
|
|
| ||||
|
|
|
|
|
|
|
|
Basic and Diluted Limited Partners’ Net Income per unit: |
|
|
|
|
|
|
|
Income from Continuing Operations |
| $ | 0.64 |
| $ | 0.34 |
|
Income from Discontinued Operations |
| $ | 0.01 |
| $ | 0.02 |
|
|
|
|
| ||||
Net Income |
| $ | 0.65 |
| $ | 0.36 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Six Months Ended June 30, |
| ||||
|
|
| |||||
|
| 2008 |
| 2007 |
| ||
|
|
|
| ||||
Weighted average number of limited partners’ units on which limited partners’ net income per unit is based: |
|
|
|
|
|
|
|
Basic |
|
| 253.9 |
|
| 233.0 |
|
Add: Incremental units under contracts to issue units depending on the market price of the units at a future date |
|
| — |
|
| 0.1 |
|
|
|
|
| ||||
Assuming dilution |
|
| 253.9 |
|
| 233.1 |
|
|
|
|
| ||||
Calculation of Limited Partners’ interest in Net Income (Loss): |
|
|
|
|
|
|
|
Income from Continuing Operations |
| $ | 707.6 |
| $ | 70.7 |
|
Less: General Partner’s interest in Income from Continuing Operations |
|
| (383.3 | ) |
| (284.2 | ) |
|
|
|
| ||||
Limited Partners’ interest in Income (Loss) from Continuing Operations |
|
| 324.3 |
|
| (213.5 | ) |
Add: Limited Partners’ interest in Income from Discontinued Operations |
|
| 1.3 |
|
| 12.4 |
|
|
|
|
| ||||
Limited Partners’ interest in Net Income (Loss) |
| $ | 325.6 |
| $ | (201.1 | ) |
|
|
|
| ||||
|
|
|
|
|
|
|
|
Basic and Diluted Limited Partners’ Net Income (Loss) per unit: |
|
|
|
|
|
|
|
Income (Loss) from Continuing Operations |
| $ | 1.28 |
| $ | (0.92 | ) |
Income from Discontinued Operations |
| $ | — |
| $ | 0.06 |
|
|
|
|
| ||||
Net Income (Loss) |
| $ | 1.28 |
| $ | (0.86 | ) |
|
|
|
|