Amplify Energy Corp. - FORM 10-K - EX-12.1 - March 30, 2016

Attached files

file filename
EX-32.1 - EX-32.1 - Amplify Energy Corp.a2228030zex-32_1.htm
10-K - 10-K - Amplify Energy Corp.a2228030z10-k.htm
EX-21.1 - EX-21.1 - Amplify Energy Corp.a2228030zex-21_1.htm
EX-23.1 - EX-23.1 - Amplify Energy Corp.a2228030zex-23_1.htm
EX-32.2 - EX-32.2 - Amplify Energy Corp.a2228030zex-32_2.htm
EX-31.1 - EX-31.1 - Amplify Energy Corp.a2228030zex-31_1.htm
EX-31.2 - EX-31.2 - Amplify Energy Corp.a2228030zex-31_2.htm
EX-23.2 - EX-23.2 - Amplify Energy Corp.a2228030zex-23_2.htm
EX-23.3 - EX-23.3 - Amplify Energy Corp.a2228030zex-23_3.htm
EX-99.1(A) - EX-99.1(A) - Amplify Energy Corp.a2228030zex-99_1a.htm

QuickLinks -- Click here to rapidly navigate through this document


EXHIBIT 12.1

MIDSTATES PETROLEUM COMPANY, INC.
RATIO OF EARNINGS TO FIXED CHARGES AND TO COMBINED FIXED CHARGES AND
PREFERRED DIVIDENDS
(In thousands, except ratios)

 
   Year Ended December 31,  
 
   2015   2014   2013   2012   2011  

Earnings available before fixed charges:

                                

Pre-tax income (loss)

   $ (1,806,836 ) $ 123,324   $ (490,514 ) $ 7,789   $ 16,657  

Interest expense

     151,832     129,691     77,179     11,711     2,094  

Amortization of capitalized interest

     23,960     4,961     10,683     1,050     615  

Loan cost amortization

     11,316     7,857     5,960     1,529     850  

Portion of rental expense which represents interest factor

     699     698     497     340     179  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total earnings available for fixed charges

  $ (1,619,029 ) $ 266,531   $ (396,195 ) $ 22,419   $ 20,395  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Interest expense

   $ 151,832   $ 129,691   $ 77,179   $ 11,711   $ 2,094  

Capitalized interest

     4,859     12,415     32,245     11,175     2,600  

Loan cost amortization

     11,316     7,857     5,960     1,529     850  

Portion of rental expense which represents interest factor

     699     698     497     340     179  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges

  $ 168,706   $ 150,661   $ 115,881   $ 24,755   $ 5,723  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ratio of earnings to fixed charges

    —     1.8x     —     —     3.6x  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Insufficient coverage

  $ 1,787,735   $ —   $ 512,076   $ 2,336   $ —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges

   $ 168,706   $ 150,661   $ 115,881   $ 24,755   $ 5,723  

Pre-tax preferred dividends(1)

     23,545     30,863     38,588     10,844     —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Total fixed charges plus preferred dividends

  $ 192,251   $ 181,524   $ 154,469   $ 35,599   $ 5,723  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Ratio of earnings to combined fixed charges and preferred dividends

    —     1.5x     —     —     3.6x  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​

Insufficient coverage

  $ 1,811,280   $ —   $ 550,664   $ 13,180   $ —  
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​ ​
(1)
Prior to October 1, 2012, the Company did not have any preferred stock outstanding. Preferred dividends shown herein relate to the Company's Series A Mandatorily Convertible Preferred Stock ("Series A Preferred Stock") issued on October 1, 2012, which allows, at the Company's option, for the 8% annual dividend payment to be made either in cash or through an adjustment to the Series A Preferred Stock liquidation preference. Pre-tax preferred stock dividend amounts for the years ended December 31, 2015, 2014, 2013 and 2012 were calculated utilizing the Company's effective tax rate for the applicable periods (0.5%, 5.2%, 29.9% and 40.1%, respectively) and represent the notional dividend amount as though paid in cash, rather than through an adjustment to the Series A Preferred Stock liquidation preference.



QuickLinks

MIDSTATES PETROLEUM COMPANY, INC. RATIO OF EARNINGS TO FIXED CHARGES AND TO COMBINED FIXED CHARGES AND PREFERRED DIVIDENDS (In thousands, except ratios)

Amplify Energy Corp. Reports