Attached files
| file | filename |
|---|---|
| EX-99.2 - EX-99.2 - Titan Energy, LLC | arp-ex992_20150331544.htm |
| EX-32.2 - EX-32.2 - Titan Energy, LLC | arp-ex322_20150331170.htm |
| EX-31.2 - EX-31.2 - Titan Energy, LLC | arp-ex312_20150331168.htm |
| EX-31.1 - EX-31.1 - Titan Energy, LLC | arp-ex311_20150331167.htm |
| EX-32.1 - EX-32.1 - Titan Energy, LLC | arp-ex321_20150331169.htm |
| EXCEL - IDEA: XBRL DOCUMENT - Titan Energy, LLC | Financial_Report.xls |
| 10-Q - 10-Q - Titan Energy, LLC | arp-10q_20150331.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, |
|
|
|||||
|
|
|
2015 |
|
|
2014 |
|
|
||
|
Earnings: |
|
|
|
|
|
|
|
|
|
|
Net income (loss)(1) |
|
$ |
85,637 |
|
|
$ |
(10,760 |
) |
|
|
Fixed Charges |
|
|
30,562 |
|
|
|
17,151 |
|
|
|
Equity income in unconsolidated company |
|
|
— |
|
|
|
— |
|
|
|
Interest capitalized |
|
|
(3,885 |
) |
|
|
(2,648 |
) |
|
|
Amortization of previously capitalized interest |
|
|
604 |
|
|
|
443 |
|
|
|
Total |
|
|
112,918 |
|
|
|
4,186 |
|
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
Interest cost and debt expense |
|
|
25,197 |
|
|
|
13,187 |
|
|
|
Interest capitalized |
|
|
3,885 |
|
|
|
2,648 |
|
|
|
Interest allocable to rental expense(2) |
|
|
1,480 |
|
|
|
1,316 |
|
|
|
Total Fixed Charges |
|
$ |
30,562 |
|
|
$ |
17,151 |
|
|
|
Preferred limited partner dividends |
|
|
3,653 |
|
|
|
4,399 |
|
|
|
Total Fixed Charges and Preferred Dividends |
|
$ |
34,215 |
|
|
$ |
21,550 |
|
|
|
Ratio of Earnings to Fixed Charges |
|
|
3.69 |
|
|
|
0.24 |
|
|
|
Ratio of Earnings to Fixed Charges and Preferred Dividends |
|
|
3.30 |
|
|
|
0.19 |
|
|
|
(1) |
Includes gains on mark-to-market derivatives of $104.5 million for the three months ended March 31, 2015 and loss on asset sales and disposal of approximately $11,000 and $1.6 million for the three months ended March 31, 2015 and 2014, respectively. |
|
(2) |
Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |