Earnings Per Share

9 Months Ended

Jun. 30, 2011

NOTE 7. EARNINGS PER SHARE

Basic EPS is computed by dividing net income applicable to common stock by the weighted average number of common shares outstanding during the reported period. Diluted EPS assumes the issuance of common shares pursuant to stock-based compensation plans at the beginning of the applicable period unless the effect of such issuance would be anti-dilutive and the issuance of common shares pursuant to our dividend reinvestment plan. The following table reflects the computation of our basic and diluted EPS for WGL Holdings for the three and nine months ended June 30, 2011 and 2010.

Basic and Diluted EPS
(In thousands, except per share data)	Net Income Applicable to Common Stock		Shares	Per Share Amount
Three Months Ended June 30, 2011
Basic EPS	$	2,952	51,243	$	0.06
Stock-based compensation plans		-	71
Diluted EPS	$	2,952	51,314	$	0.06
Three Months Ended June 30, 2010
Basic EPS	$	9,681	50,664	$	0.19
Stock-based compensation plans		-	254
Diluted EPS	$	9,681	50,918	$	0.19
Nine Months Ended June 30, 2011
Basic EPS	$	147,612	51,153	$	2.89
Stock-based compensation plans		-	82
Diluted EPS	$	147,612	51,235	$	2.88
Nine Months Ended June 30, 2010
Basic EPS	$	136,028	50,422	$	2.70
Stock-based compensation plans		-	216
Diluted EPS	$	136,028	50,638	$	2.69

There were no anti-dilutive shares for the three or nine months ended June 30, 2011 or 2010.