SNYDER OIL CORPORATION
COMPUTATION OF PER SHARE EARNINGS
(Unaudited)
Year Ended December 31, Three Months
------------------------------------------------- Ended March 31,
1994 1995 1996 1997
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(In thousands except per share data)
Net income (loss) $12,372 ($39,831) $62,950 $19,926
Dividends on preferred stock (10,806) (6,210) (6,210) (1,550)
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Net income (loss) available to common $1,566 ($46,041) $56,740 $18,376
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Weighted average shares outstanding 23,704 30,186 31,308 31,030
Assumed exercise of vested common stock options
net of treasury shares repurchased 290 138 179 163
Assumed conversion of 6% preferred stock 4,881 4,881 5,051 5,051
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Weighted average common stock and equivalents outstanding 28,875 35,205 36,538 36,244
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Primary net income (loss) per common share:
Net income (loss) $0.52 ($1.32) $2.01 $0.64
Dividends on preferred stock (0.45) (0.21) (0.20) (0.05)
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Net income (loss) available to common $0.07 ($1.53) $1.81 $0.59
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Fully diluted net income (loss) per common share:
Net income (loss) $0.43 ($1.13) $1.72 $0.55
Dividends on preferred stock 0.00 0.00 0.00 0.00
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Net income (loss) available to common $0.43 ($1.13) $1.72 $0.55
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