Attached files
| file | filename |
|---|---|
| EX-23.1 - EXHIBIT 23.1 - EQGP Holdings, LP | eqgpex2312015consent.htm |
| EX-32 - EXHIBIT 32 - EQGP Holdings, LP | eqgpex322015certification.htm |
| EX-21.1 - EXHIBIT 21.1 - EQGP Holdings, LP | eqgpex2112015listofsubsidi.htm |
| EX-31.2 - EXHIBIT 31.2 - EQGP Holdings, LP | eqgpex3122015certification.htm |
| EX-31.1 - EXHIBIT 31.1 - EQGP Holdings, LP | eqgpex3112015certification.htm |
| 10-K - 10-K - EQGP Holdings, LP | eqgp1231201510k.htm |
Exhibit 12.1
EQT GP HOLDINGS, LP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (1)
Year Ended December 31, | |||||||||||||||||||||
2015 | 2014 | 2013 | 2012 | 2011 | |||||||||||||||||
(Thousands) | |||||||||||||||||||||
Earnings: | |||||||||||||||||||||
Income before income taxes | $ | 398,094 | $ | 298,205 | $ | 244,364 | $ | 155,884 | $ | 99,834 | |||||||||||
Minus: equity income of unconsolidated entities | (2,367 | ) | — | — | — | — | |||||||||||||||
Plus: Fixed charges | 51,044 | 33,242 | 2,530 | 5,226 | 6,249 | ||||||||||||||||
Minus: Capitalized interest | (4,546 | ) | (1,886 | ) | (442 | ) | (1,858 | ) | (758 | ) | |||||||||||
Minus: Net income attributable to noncontrolling interests | (226,397 | ) | (124,025 | ) | (47,243 | ) | (13,016 | ) | — | ||||||||||||
Total earnings | $ | 215,828 | $ | 205,536 | $ | 199,209 | $ | 146,236 | $ | 105,325 | |||||||||||
Fixed charges: | |||||||||||||||||||||
Interest expense, excluding capital lease interest expense | $ | 22,439 | $ | 10,968 | $ | 829 | $ | 2,944 | $ | 5,051 | |||||||||||
Interest expense, capital lease | 23,225 | 19,888 | 843 | — | — | ||||||||||||||||
Plus: Capitalized interest | 4,546 | 1,886 | 442 | 1,858 | 758 | ||||||||||||||||
Plus: Estimated interest component of rental expense | 834 | 500 | 416 | 424 | 440 | ||||||||||||||||
Total fixed charges | $ | 51,044 | $ | 33,242 | $ | 2,530 | $ | 5,226 | $ | 6,249 | |||||||||||
Ratio of earnings to fixed charges | 4.2x | 6.2x | 78.7x | 28.0x | 16.9x | ||||||||||||||||
(1) | Earnings included in the calculation of this ratio consist of (i) income before income taxes, minus (ii) equity income of unconsolidated entities, plus (iii) fixed charges, minus (iv) capitalized interest (allowance for borrowed funds used during construction) and minus (v) net income attributable to noncontrolling interests. Fixed charges included in the calculation of this ratio consist of (i) interest expense, plus (ii) capitalized interest (allowance for borrowed funds used during construction) and (iii) the estimated interest portion of rental expense. |