EXHIBIT 11
CODA ENERGY, INC.
COMPUTATION OF PER SHARE DATA
(UNAUDITED)
(in thousands, except per share data)
Three months Ended Nine months Ended
September 30 September 30
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1994 1995 1994 1995
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NET INCOME PER COMMON AND COMMON
EQUIVALENT SHARE:
Net income $ 255 $ 798 $ 2,025 $ 3,917
Adjustments --- --- --- ---
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Adjusted net income $ 255 $ 798 $ 2,025 $ 3,917
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Weighted average number of common and common
equivalent shares outstanding 22,403 22,994 21,709 22,972
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Net income per share $.0114 $.0347 $.0933 $.1705
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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 21,514 22,060 20,719 22,118
Weighted average number of common
stock equivalents outstanding at end of period:
Stock options and warrants 889 934 990 854
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22,403 22,994 21,709 22,972
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