Attached files
| file | filename |
|---|---|
| EX-31 - EX31.2 - Titan Energy, LLC | arp-ex31_201406308.htm |
| EX-31 - EX31.1 - Titan Energy, LLC | arp-ex31_201406307.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Titan Energy, LLC | Financial_Report.xls |
| EX-32 - EX32.2 - Titan Energy, LLC | arp-ex32_2014063010.htm |
| EX-32 - EX32.1 - Titan Energy, LLC | arp-ex32_201406309.htm |
| 10-Q - 10-Q - Titan Energy, LLC | arp-10q_20140630.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 |
|
|||||
|
|
2014 |
|
|
2013 |
|
||
|
Earnings: |
|
|
|
|
|
|
|
|
Net loss(1) |
$ |
(31,282 |
) |
|
$ |
(11,553 |
) |
|
Fixed Charges |
|
34,825 |
|
|
|
20,395 |
|
|
Equity income in unconsolidated company |
|
— |
|
|
|
— |
|
|
Interest capitalized |
|
(5,701 |
) |
|
|
(6,873 |
) |
|
Amortization of previously capitalized interest |
|
1,510 |
|
|
|
234 |
|
|
Total |
|
(648 |
) |
|
|
2,203 |
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
Interest cost and debt expense |
|
26,451 |
|
|
|
11,397 |
|
|
Interest capitalized |
|
5,701 |
|
|
|
6,873 |
|
|
Interest allocable to rental expense(2) |
|
2,673 |
|
|
|
2,125 |
|
|
Total Fixed Charges |
$ |
34,825 |
|
|
$ |
20,395 |
|
|
Preferred limited partner dividends |
|
8,823 |
|
|
|
4,028 |
|
|
Total Fixed Charges and Preferred Dividends |
$ |
43,648 |
|
|
$ |
24,423 |
|
|
Ratio of Earnings to Fixed Charges(3) |
|
— |
|
|
|
0.11x |
|
|
Ratio of Earnings to Fixed Charges and Preferred Dividends(3) |
|
— |
|
|
|
0.09x |
|
|
(1) |
Includes loss on asset sales and disposal of $1.6 million and $1.4 million for the six months ended June 30, 2014 and 2013, respectively. |
|
(2) |
Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |
|
(3) |
Due to the Partnership’s net loss for the six months ended June 30, 2014, its earnings were insufficient to cover its fixed charges by $0.6 million. |