EXHIBIT 11
CODA ENERGY, INC.
COMPUTATION OF PER SHARE DATA
(UNAUDITED)
(in thousands, except per share data)
Three months Ended Six months Ended
June 30 June 30
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1994 1995 1994 1995
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NET INCOME PER COMMON AND COMMON
EQUIVALENT SHARE:
Net income $1,217 $1,814 $1,770 $3,119
Adjustments --- --- --- ---
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Adjusted net income $1,217 $1,814 $1,770 $3,119
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Weighted average number of common and common
equivalent shares outstanding 21,091 22,991 20,911 22,952
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Net income per share $.0577 $.0789 $.0846 $.1359
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COMPUTATION OF WEIGHTED AVERAGE
NUMBER OF COMMON AND COMMON
EQUIVALENT SHARES OUTSTANDING (DAILY
BASIS):
Weighted average number of common
shares outstanding during period 19,866 22,047 19,870 22,137
Weighted average number of common
stock equivalents outstanding at end of period:
Stock options and warrants 1,225 944 1,041 815
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21,091 22,991 20,911 22,952
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