Attached files
EXHIBIT 12.1
RATIO OF EARNINGS TO FIXED CHARGES
Successor Constellation Energy Partners LLC |
Predecessor Everlast Energy LLC |
||||||||||||||||||||
2009 | 2008 | 2007 | 2006 | For the period from February 7, 2005 (inception) to December 31, 2005 |
For the period from January 1, 2005 (inception) to June 12, 2005 |
||||||||||||||||
Net Income (loss)(1) |
$ | (9,023 | ) | $ | 7,652 | $ | 14,241 | $ | 15,989 | $ | 11,941 | (10,636 | ) | ||||||||
Fixed Charges: |
|||||||||||||||||||||
Total Fixed Charges(2) |
12,127 | 12,256 | 6,930 | 221 | 3 | 2,437 | |||||||||||||||
Total |
12,127 | 12,256 | 6,930 | 221 | 3 | 2,437 | |||||||||||||||
Earnings (loss)(3) |
$ | 3,104 | $ | 19,908 | $ | 21,171 | $ | 16,210 | $ | 11,944 | (8,199 | ) | |||||||||
Ratio of earnings (loss) to fixed charges |
| (4) | 1.62 | 3.05 | 73.35 | 3,981.33 | | (5) | |||||||||||||
(1) | Net income is the equivalent of income from continuing operations, as CEP has no discontinued operations. |
(2) | Fixed charges equal the sum of the following: interest expensed and capitalized; amortized premiums, discounts, and capitalized expenses related to indebtedness; and an estimate of the interest within rent expense. |
(3) | Earnings are deemed to consist of income from continuing operations and fixed charges. |
(4) | Earnings were insufficient to cover fixed charges for the year ended December 31, 2009 by approximately $9.0 million. |
(5) | Earnings were insufficient to cover fixed charges for the period from January 1, 2005 (inception) to June 12, 2005 by approximately $10.6 million. |