EXHIBIT 11 CLX ENERGY, INC. Computation of Net Income (Loss) Per Share (Unaudited) Nine months Three months ended June 30, ended June 30, ---------------- -------------- 2000 1999 2000 1999 ---- ---- ---- ---- Net income (loss) $ 122,575 ( 71,536) 92,789 ( 18,858) Preferred stock dividends - ( 2,747) - - ---------- --------- --------- --------- Net income (loss) applicable to common shareholders $ 122,575 ( 74,283) 92,789 ( 18,858) ========== ========= ========= ========= Weighted average number of common shares outstanding 10,548,132 7,547,592 10,548,132 10,498,132 Common equivalent shares representing shares issuable upon exercise of outstanding options 244,000 - 244,000 - ---------- --------- --------- --------- 10,792,132 7,547,592 10,792,132 10,498,132 ========== ========= ========== ========== Net income (loss) per share applicable to common shareholders: Basic $ 0.01 ( 0.01) 0.01 ( 0.00) ========== ========= ========== ========== Diluted $ 0.01 ( 0.01) 0.01 ( 0.00) ========== ========= ========== ========== Stock options are not considered in the calculations for those periods with net losses as the impact of the potential common shares (50,000 shares at June 30, 1999) would be to decrease net loss per share.