Evolve Transition Infrastructure LP - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES - February 25, 2011

Attached files

file	filename
10-K - FORM 10-K - Evolve Transition Infrastructure LP	d10k.htm
EX-32.1 - CERTIFICATION OF CEO SECTION 906 - Evolve Transition Infrastructure LP	dex321.htm
EX-31.2 - CERTIFICATION OF CFO SECTION 302 - Evolve Transition Infrastructure LP	dex312.htm
EX-32.2 - CERTIFICATION OF CFO SECTION 906 - Evolve Transition Infrastructure LP	dex322.htm
EX-99.1 - REPORT OF NETHERLAND, SEWELL & ASSOCIATES, INC. - Evolve Transition Infrastructure LP	dex991.htm
EX-21.1 - LIST OF SUBSIDIARIES OF CONSTELLATION ENERGY PARTNERS LLC - Evolve Transition Infrastructure LP	dex211.htm
EX-23.1 - CONSENT OF PRICEWATERHOUSECOOPERS LLP - Evolve Transition Infrastructure LP	dex231.htm
EX-31.1 - CERTIFICATION OF CEO SECTION 302 - Evolve Transition Infrastructure LP	dex311.htm
EX-23.2 - CONSENT OF NETHERLAND, SEWELL & ASSOCIATES, INC - Evolve Transition Infrastructure LP	dex232.htm

EXHIBIT 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth the ratios of earnings to fixed charges for us and our predecessors for each of the periods indicated. All dollar amounts are reported in thousands.


		2010				2009				2008				2007				2006
Net Income (loss)⁽¹⁾		$	(276,810	)		$	(8,645	)		$	7,418			$	14,447			$	15,989
Fixed Charges:
Total Fixed Charges⁽²⁾			13,096				12,127				12,256				6,930				221

Total			13,096				12,127				12,256				6,930				221

Earnings (loss)		$	(263,714	)		$	3,482			$	19,674			$	21,377			$	16,210

Ratio of earnings (loss) to fixed charges⁽³⁾			—				—				1.61	x			3.08	x			73.35	x

(1)	Net income is the equivalent of income from continuing operations, as CEP has no discontinued operations, minus income from equity affiliates that exceeded dividends from affiliates.

(2)	Fixed charges equal the sum of the following: interest expensed and capitalized; amortized premiums, discounts, and capitalized expenses related to indebtedness; and a reasonable approximation of the interest within rent expense.

(3)	Earnings were inadequate to cover fixed charges in certain periods. The coverage deficiency totaled approximately $277.0 million for the fiscal year ended December 31, 2010 and $8.7 million for the fiscal year ended December 31, 2009.