Attached files
| file | filename |
|---|---|
| EX-10.2 - EX-10.2 - Titan Energy, LLC | arp-ex102_834.htm |
| 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-32.1 - EX-32.1 - Titan Energy, LLC | arp-ex321_8.htm |
| EX-32.2 - EX-32.2 - Titan Energy, LLC | arp-ex322_9.htm |
| 10-Q - 10-Q - Titan Energy, LLC | arp-10q_20160331.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)
|
|
|
Three Months Ended March 31, |
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2016 |
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2015 |
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|
Earnings: |
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|
|
|
|
|
|
|
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Net income(1) |
|
$ |
12,763 |
|
|
$ |
87,572 |
|
|
Fixed Charges |
|
|
31,581 |
|
|
|
30,613 |
|
|
Equity income in unconsolidated company |
|
|
— |
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|
|
— |
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|
Interest capitalized |
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|
(2,378 |
) |
|
|
(3,885 |
) |
|
Amortization of previously capitalized interest |
|
|
1,099 |
|
|
|
603 |
|
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Total |
|
|
43,065 |
|
|
|
114,903 |
|
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Fixed Charges: |
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|
|
|
|
|
|
|
|
Interest cost and debt expense |
|
|
27,705 |
|
|
|
25,197 |
|
|
Interest capitalized |
|
|
2,378 |
|
|
|
3,885 |
|
|
Interest allocable to rental expense(2) |
|
|
1,498 |
|
|
|
1,531 |
|
|
Total Fixed Charges |
|
$ |
31,581 |
|
|
$ |
30,613 |
|
|
Preferred limited partner dividends |
|
|
4,286 |
|
|
|
3,653 |
|
|
Total Fixed Charges and Preferred Dividends |
|
$ |
35,867 |
|
|
$ |
34,266 |
|
|
Ratio of Earnings to Fixed Charges |
|
|
1.36x |
|
|
|
3.75x |
|
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Ratio of Earnings to Fixed Charges and Preferred Dividends |
|
|
1.20x |
|
|
|
3.35x |
|
|
(1) |
Includes gain on early extinguishment of debt expenses of $26.5 during the three months ended March 31, 2016 and non-cash gains on mark-to-market derivatives of $15.3 million and $102.4 million for the three months ended March 31, 2016 and 2015. |
|
(2) |
Represents one-third of the total operating lease rental expense which is that portion deemed to be interest, respectively. |