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, | ||||||||
2009 | 2008 | |||||||
Weighted average number of limited partners’ units on which limited partners’ net income per unit is based | 286.6 | 258.8 | ||||||
Calculation of Limited Partners’ interest in Net Income: | ||||||||
Income from Continuing Operations | $ | 359.5 | $ | 329.8 | ||||
Less: General Partner’s interest in Income from Continuing Operations | (236.2 | ) | (205.6 | ) | ||||
Limited Partners’ interest in Income from Continuing Operations | 123.3 | 124.2 | ||||||
Add: Limited Partners’ interest in Income from Discontinued Operations | — | — | ||||||
Limited Partners’ interest in Net Income | $ | 123.3 | $ | 124.2 | ||||
Limited Partners’ Net Income per unit: | ||||||||
Income from Continuing Operations | $ | 0.43 | $ | 0.48 | ||||
Income from Discontinued Operations | $ | — | $ | — | ||||
Net Income | $ | 0.43 | $ | 0.48 |
Nine Months Ended September 30, | ||||||||
2009 | 2008 | |||||||
Weighted average number of limited partners’ units on which limited partners’ net income per unit is based | 277.9 | 255.5 | ||||||
Calculation of Limited Partners’ interest in Net Income: | ||||||||
Income from Continuing Operations | $ | 947.2 | $ | 1,037.4 | ||||
Less: General Partner’s interest in Income from Continuing Operations | (692.7 | ) | (588.9 | ) | ||||
Limited Partners’ interest in Income from Continuing Operations | 254.5 | 448.5 | ||||||
Add: Limited Partners’ interest in Income from Discontinued Operations | — | 1.3 | ||||||
Limited Partners’ interest in Net Income | $ | 254.5 | $ | 449.8 | ||||
Limited Partners’ Net Income per unit: | ||||||||
Income from Continuing Operations | $ | 0.92 | $ | 1.76 | ||||
Income from Discontinued Operations | $ | — | $ | — | ||||
Net Income | $ | 0.92 | $ | 1.76 |