Penn Virginia GP Holdings, L.P. - FORM 10-K - EX-12.1 - STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES CALCULATION - February 24, 2011

Attached files

file filename
10-K - PENN VIRGINAI GP HOLDINGS, L.P. - FORM 10-K - Penn Virginia GP Holdings, L.P.d10k.htm
EX-32.1 - SECTION 906 CEO CERTIFICATION - Penn Virginia GP Holdings, L.P.dex321.htm
EX-32.2 - SECTION 906 CFO CERTIFICATION - Penn Virginia GP Holdings, L.P.dex322.htm
EX-21.1 - SUBSIDIARIES OF PENN VIRGINIA GP HOLDINGS, L.P. - Penn Virginia GP Holdings, L.P.dex211.htm
EX-23.1 - CONSENT OF KPMG LLP - Penn Virginia GP Holdings, L.P.dex231.htm
EX-31.1 - SECTION 302 CEO CERTIFICATION - Penn Virginia GP Holdings, L.P.dex311.htm
EX-31.2 - SECTION 302 CFO CERTIFICATION - Penn Virginia GP Holdings, L.P.dex312.htm
EX-10.19 - PVG GP, LLC NON-EMPLOYEE DIRECTOR COMPENSATION SUMMARY SHEET FOR 2011 - Penn Virginia GP Holdings, L.P.dex1019.htm

Exhibit 12.1

Penn Virginia GP Holdings, L.P.

Statement of Computation of Ratio of Earnings to Fixed Charges Calculation

(in thousands, except ratios)

 

     Year Ended December 31,  
     2006      2007      2008      2009      2010  

Earnings

               

Pre-tax income *

    $ 33,030          $ 28,098          $ 101,701          $ 60,148          $ 67,070    

Fixed charges

      19,783          19,766          26,850          27,368          39,164    
                                            

Total earnings

      $ 52,813          $ 47,864          $ 128,551          $ 87,516          $ 106,234    
                                            

Fixed Charges

               

Interest expense

      $ 19,151          $ 18,896          $ 25,346          $ 24,878          $ 35,982    

Rental interest factor

      632          870          1,504          2,490          3,182    
                                            

Total fixed charges

      $ 19,783          $ 19,766          $ 26,850          $ 27,368          $ 39,164    
                                            

Ratio of earnings to fixed charges

      2.7x          2.4x          4.8x          3.2x          2.7x    

 

* Includes cash distributions from equity affiliates and excludes equity earnings from affiliates. Also excludes capitalized interest.

Penn Virginia GP Holdings, L.P. Reports