Attached files

file filename
EX-23.3 - EXHIBIT 23.3 - QEP RESOURCES, INC.qep-20151231xex233.htm
EX-99.2 - EXHIBIT 99.2 - QEP RESOURCES, INC.qep-20151231xex992.htm
EX-32.1 - EXHIBIT 32.1 - QEP RESOURCES, INC.qep-20151231xex321.htm
EX-24 - EXHIBIT 24 - QEP RESOURCES, INC.qep-20151231xex24.htm
EX-31.2 - EXHIBIT 31.2 - QEP RESOURCES, INC.qep-20151231xex312.htm
EX-31.1 - EXHIBIT 31.1 - QEP RESOURCES, INC.qep-20151231xex311.htm
EX-23.1 - EXHIBIT 23.1 - QEP RESOURCES, INC.qep-20151231xex231.htm
EX-3.2 - EXHIBIT 3.2 - QEP RESOURCES, INC.qep-20151231xex32.htm
EX-23.2 - EXHIBIT 23.2 - QEP RESOURCES, INC.qep-20151231xex232.htm
EX-21.1 - EXHIBIT 21.1 - QEP RESOURCES, INC.qep-20151231xex211.htm
10-K - 10-K - QEP RESOURCES, INC.qep-20151231x10k.htm
EX-99.1 - EXHIBIT 99.1 - QEP RESOURCES, INC.qep-20151231xex991.htm


Exhibit 12.1

QEP Resources, Inc.
Ratio of Earnings to Fixed Charges

 
Year Ended December 31,
 
2015
 
2014
 
2013
 
2012
 
2011
Earnings
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes and adjustment for income or loss from equity investees
$
(243.0
)
 
$
(642.0
)
 
$
112.2

 
$
0.5

 
$
183.6

Add (deduct):
 
 
 
 
 
 
 
 
 
Fixed charges
148.3

 
175.6

 
167.8

 
128.7

 
95.7

Distributed income from equity investees
0.1

 
0.3

 
0.2

 
0.1

 
0.1

Capitalized interest

 

 
(2.0
)
 
(3.4
)
 
(3.0
)
Total earnings
$
(94.6
)
 
$
(466.1
)
 
$
278.2

 
$
125.9

 
$
276.4

Fixed Charges
 
 
 
 
 
 
 
 
 
Interest expense
$
145.6

 
$
172.9

 
$
163.3

 
$
122.9

 
$
90.0

Capitalized interest

 

 
2.0

 
3.4

 
3.0

Estimate of the interest within rental expense
2.7

 
2.7

 
2.5

 
2.4

 
2.7

Total Fixed Charges
$
148.3

 
$
175.6

 
$
167.8

 
$
128.7

 
$
95.7

Ratio of Earnings to Fixed Charges
(0.6
)
 
(2.7
)
 
1.7

 
1.0

 
2.9