EXHIBIT 11 MARKWEST HYDROCARBON, INC. COMPUTATION OF EARNINGS PER COMMON SHARE (000s, except per share data) For the quarter ended For the six months ended June 30, 1998 June 30, 1998 ------------------------------ ---------------------------- Net income $ (1,140) $ (223) Weighted average number of outstanding shares of common stock 8,500 8,498 Basic earnings per share $ (0.13) $ (0.03) ============================== ============================ Net income (1,140) (223) Weighted average number of outstanding shares of common stock 8,500 8,498 Dilutive stock options 122 133 ------------------------------ ---------------------------- 8,622 8,631 Earnings per share assuming dilution $ (0.13) $ (0.03) ============================== ============================