Regency Energy Partners LP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - March 1, 2010

Attached files

file filename
10-K - FORM 10-K - Regency Energy Partners LPd10k.htm
EX-3.8 - SECOND AMENDED GENERAL PARTNERSHIP AGREEMENT - Regency Energy Partners LPdex38.htm
EX-99.2 - NOT. OF ADMN. PROCEEDING FOR TAX YEAR ENDING 12-31-2008 - Regency Energy Partners LPdex992.htm
EX-32.1 - SECTION 1350 CERTIFICATION - CEO - Regency Energy Partners LPdex321.htm
EX-31.2 - 302 CERTIFICATION - CFO - Regency Energy Partners LPdex312.htm
EX-99.1 - REGENCY GP LP 12-31-2009 CONSOLIDATED BALANCE SHEET - Regency Energy Partners LPdex991.htm
EX-23.1 - CONSENT OF KPMG LLP - Regency Energy Partners LPdex231.htm
EX-99.3 - NOT. OF ADMN PROCEEDING FOR TAX YEAR ENDING 12-31-2007 - Regency Energy Partners LPdex993.htm
EX-21.1 - LIST OF SUBSIDIARIES OF REGENCY - Regency Energy Partners LPdex211.htm
EX-31.1 - 302 CERTIFICATION - CEO - Regency Energy Partners LPdex311.htm
EX-32.2 - SECTION 1350 CERTIFICATION - CFO - Regency Energy Partners LPdex322.htm
EX-10.27 - AMENDED MASTER SERVICES AGREEEMENT - Regency Energy Partners LPdex1027.htm
EX-3.5 - FIRST AMENDMENT TO AMENDED AND RESTATED LIMITED LIABILITY CO. AGREEMENT - Regency Energy Partners LPdex35.htm

Exhibit 12.1

Regency Energy Partners LP

Ratio of Earnings to Fixed Charges

(in thousands, except for ratio amounts)

(Unaudited)

 

    Year Ended
December 31,
2009		   Year Ended
December 31,
2008		   Year Ended
December 31,
2007		     Year Ended
December 31,
2006		     Year Ended
December 31,
2005		  

Earnings:

          

Pre-tax income (loss) from continuing operations

   $ 139,394   $ 101,062   $ (12,600 )    $ (7,244 )    $ (11,592 ) 

Add:

          

Interest expense

     77,996     63,243     52,016        37,182        17,880   

Portion of rent under long-term operating leases representative of an interest factor

     1,182     677     477        574        477   

Amortization of capitalized interest

     411     279     186        131        —     

Less:

          

Noncash income from unconsolidated subsidiary

     —       —       (43 )      (532 )      (312 ) 
                                   

Total earnings available for fixed charges

   $ 218,983   $ 165,261   $ 40,036      $ 30,111      $ 6,453   
                                   

Fixed Charges:

          

Interest expense

     77,996     63,243     52,016        37,182        17,880   

Portion of rent under long-term operating leases representative of an interest factor

     1,182     677     477        574        477   

Capitalized interest

     1,722     2,409     1,754        511        2,613   
                                   

Total fixed charges

   $ 80,900   $ 66,329   $ 54,247      $ 38,267      $ 20,970   
                                   

Ratio of earnings to fixed charges (x times) (1)

     2.71     2.49     —          —          —     

 

(1) Earnings were insufficient to cover fixed charges by:

   $ —     $ —     $ 14,211      $ 8,156      $ 14,517   

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