Exhibit 11.1
WESTERN GAS RESOURCES, INC.
COMPUTATION OF PER SHARE EARNINGS
DECEMBER 31, 2005
| |
Weighted Average Shares Of Common Stock Outstanding |
Net Income |
Earnings Per Share Of Common Stock |
||||||
|---|---|---|---|---|---|---|---|---|---|
| Net income | $ | 207,474,000 | |||||||
| Weighted average shares of common stock outstanding | 74,409,704 | ||||||||
| Basic earnings per share of common stock | $ | 2.79 | |||||||
| Assume exercise of common stock equivalents | 1,790,427 | — | |||||||
| (Anti-dilutive common stock equivalents are not used in this calculation) | |||||||||
| 76,200,131 | $ | 207,474,000 | |||||||
| Fully diluted earnings per share of common stock | $ | 2.72 | |||||||