EXHIBIT 11 MARKWEST HYDROCARBON, INC. COMPUTATION OF EARNINGS PER COMMON SHARE (000S, EXCEPT PER SHARE DATA) FOR THE QUARTER ENDED FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1998 SEPTEMBER 30, 1998 ------------------------ ----------------------------- Net income $ (876) $ (1,099) Weighted average number of outstanding shares of common stock 8,488 8,495 Basic earnings per share $ (0.10) $ (0.13) ============ ============== Net income (876) (1,099) Weighted average number of outstanding shares of common stock 8,488 8,495 Dilutive stock options 69 119 ------------ -------------- 8,557 8,614 Earnings per share assuming dilution $ (0.10) $ (0.13) ============ ==============