EXHIBIT 11
CLX ENERGY, INC.
Computation of Net Income (Loss) Per Share
(Unaudited)
Nine Months Three Months
Ended June 30, Ended June 30,
----------------------- --------------------
2003 2002 2003 2002
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Net income (loss) $ 44,002 ( 103,419) 30,947 6,739
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Weighted average number of common
shares outstanding 2,631,936 2,631,936 2,631,936 2,631,936
Common equivalent shares
representing shares issuable
upon exercise of outstanding
Options - - - -
---------- ----------- --------- ---------
2,631,936 2,631,936 2,631,936 2,631,936
========== =========== ========= =========
Net income (loss) per share:
Basic $ .02 ( .04) 0.01 .00
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Diluted $ .02 ( .04) 0.01 .00
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Diluted EPS includes the potential conversion of stock options that are
dilutive. No stock options were dilutive for any period presented. Stock
options are not considered in the diluted EPS calculation for those periods with
net losses, as the impact of the potential common shares (250,000 shares at June
30, 2002) would be to decrease loss per share.