EXHIBIT 11
CLX ENERGY, INC.
Computation of Net Income (Loss) Per Share
(Unaudited)
Nine Months Three Months
Ended June 30 Ended June 30
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2004 2003 2004 2003
--------------- ------------- --------- ---------
Net income (loss) $ ( 16,880) 44,002 4,551 30,947
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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
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Net income (loss) per share:
Basic $ ( .01) .02 0.00 .01
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Diluted $ ( .01) .02 0.00 .01
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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, 2004) would be to decrease loss per share.