GOODRICH PETROLEUM CORP - FORM 10-K - EX-12.1 - RATIO OF EARNINGS TO FIXED CHARGES - February 26, 2010

Attached files

file filename
10-K - FORM 10-K FOR FISCAL YEAR ENDED DECEMBER 31, 2009 - GOODRICH PETROLEUM CORPd10k.htm
EX-23.1 - CONSENT OF ERNST & YOUNG LLP - GOODRICH PETROLEUM CORPdex231.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO - GOODRICH PETROLEUM CORPdex312.htm
EX-23.3 - CONSENT OF NETHERLAND, SEWELL & ASSOCIATES, INC. - GOODRICH PETROLEUM CORPdex233.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO - GOODRICH PETROLEUM CORPdex311.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO - GOODRICH PETROLEUM CORPdex321.htm
EX-23.2 - CONSENT OF KPMG LLP - GOODRICH PETROLEUM CORPdex232.htm
EX-12.2 - RATIO OF EARNINGS TO FIXED CHARGES AND PREFERENCE SECURITIES DIVIDENDS - GOODRICH PETROLEUM CORPdex122.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CFO - GOODRICH PETROLEUM CORPdex322.htm
EX-99.1 - REPORT OF NETHERLAND, SEWELL & ASSOCIATES, INC. - GOODRICH PETROLEUM CORPdex991.htm

Exhibit 12.1

GOODRICH PETROLEUM CORPORATION

RATIO OF EARNINGS TO FIXED CHARGES

(In Thousands, Except Ratios)

 

     Year ended December 31,  
     2009     2008    2007     2006    2005  

Earnings:

             

Income (loss) from continuing operations before income taxes

    $ (318,322 )    $ 176,748    $ (59,476 )    $ 13,921    $ (37,554 ) 

Plus: fixed charges

      26,148        22,410      17,878        8,343      2,359   
                                      

Earnings available for fixed charges

    $ (292,174 )    $ 199,158    $ (41,598 )    $ 22,264    $ (35,195 ) 
                                      

Fixed Charges:

             

Interest expense

    $ 26,148      $ 22,410    $ 17,878      $ 8,343    $ 2,359   
                                      

Total fixed charges

    $ 26,148      $ 22,410    $ 17,878      $ 8,343    $ 2,359   
                                      

Ratio of Earnings to Fixed Charges

      (a )      8.89      (b )      2.67      (c ) 
                                      

 

(a) Earnings for the year ended December 31, 2009 were inadequate to cover fixed charges. The coverage deficiency was $318.3 million.
(b) Earnings for the year ended December 31, 2007 were inadequate to cover fixed charges. The coverage deficiency was $59.5 million.
(c) Earnings for the year ended December 31, 2005 were inadequate to cover fixed charges. The coverage deficiency was $37.6 million.

GOODRICH PETROLEUM CORP Reports