EXHIBIT 11 CLX ENERGY, INC. Computation of Net Income (Loss) Per Share (Unaudited) Six Months Three Months Ended March 31, Ended March 31, --------------- --------------- 2001 2000 2001 2000 ---- ---- ---- ---- Net income (loss) $ 174,678 29,786 87,220 ( 1,628) ========= ========= ========= ========= Weighted average number of common shares outstanding 2,636,283 2,637,033 2,636,283 2,637,033 Common equivalent shares representing shares issuable upon exercise of outstanding options 73,100 69,445 73,100 - --------- --------- --------- --------- 2,709,383 2,706,478 2,709,383 2,637,033 ========= ========= ========= ========= Net income (loss) per share: Basic $ 0.07 0.01 0.03 ( 0.00) ========= ========= ========= ========= Diluted $ 0.06 0.01 0.03 ( 0.00) ========= ========= ========= =========