Attached files
| file | filename |
|---|---|
| EX-31.1 - EX-31.1 - Titan Energy, LLC | arp-ex311_6.htm |
| EX-31.2 - EX-31.2 - Titan Energy, LLC | arp-ex312_7.htm |
| EX-4.2(D) - EX-4.2(D) - Titan Energy, LLC | arp-ex42d_253.htm |
| EX-32.2 - EX-32.2 - Titan Energy, LLC | arp-ex322_207.htm |
| EX-4.1(C) - EX-4.1(C) - Titan Energy, LLC | arp-ex41c_252.htm |
| EX-32.1 - EX-32.1 - Titan Energy, LLC | arp-ex321_206.htm |
| 10-Q - 10-Q - Titan Energy, LLC | arp-10q_20150630.htm |
EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(UNAUDITED)
Atlas Resource Partners, L.P.
(amounts in thousands except ratios)
|
|
|
Six Months Ended June 30, |
|
|
|||||
|
|
|
2015 |
|
|
2014 |
|
|
||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
Net income (loss)(1) |
|
$ |
40,762 |
|
|
$ |
(29,443 |
) |
|
|
Fixed Charges |
|
|
60,736 |
|
|
|
34,831 |
|
|
|
Equity income in unconsolidated company |
|
|
— |
|
|
|
— |
|
|
|
Interest capitalized |
|
|
(7,966 |
) |
|
|
(5,701 |
) |
|
|
Amortization of previously capitalized interest |
|
|
1,269 |
|
|
|
1,037 |
|
|
|
Total |
|
|
94,801 |
|
|
|
724 |
|
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
Interest cost and debt expense |
|
|
49,913 |
|
|
|
26,451 |
|
|
|
Interest capitalized |
|
|
7,966 |
|
|
|
5,701 |
|
|
|
Interest allocable to rental expense(2) |
|
|
2,857 |
|
|
|
2,679 |
|
|
|
Total Fixed Charges |
|
$ |
60,736 |
|
|
$ |
34,831 |
|
|
|
Preferred limited partner dividends |
|
|
7,887 |
|
|
|
8,823 |
|
|
|
Total Fixed Charges and Preferred Dividends |
|
$ |
68,623 |
|
|
$ |
43,654 |
|
|
|
Ratio of Earnings to Fixed Charges |
|
|
1.56 |
|
|
|
0.02 |
|
|
|
Ratio of Earnings to Fixed Charges and Preferred Dividends |
|
|
1.38 |
|
|
|
0.02 |
|
|
|
(1) |
Includes gains on mark-to-market derivatives of $78.6 million for the six months ended June 30, 2015 and gains on asset sales and disposal of approximately $86,000 and losses of $1.6 million for the six months ended June 30, 2015 and 2014, respectively. |
|
(2) |
Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |