Attached files
file | filename |
---|---|
EX-99.1 - EX-99.1 - Gastar Exploration Inc. | gst-ex991_517.htm |
EX-32.1 - EX-32.1 - Gastar Exploration Inc. | gst-ex321_15.htm |
EX-31.2 - EX-31.2 - Gastar Exploration Inc. | gst-ex312_12.htm |
EX-31.1 - EX-31.1 - Gastar Exploration Inc. | gst-ex311_9.htm |
EX-23.2 - EX-23.2 - Gastar Exploration Inc. | gst-ex232_6.htm |
EX-23.1 - EX-23.1 - Gastar Exploration Inc. | gst-ex231_7.htm |
EX-21.1 - EX-21.1 - Gastar Exploration Inc. | gst-ex211_8.htm |
EX-12.2 - EX-12.2 - Gastar Exploration Inc. | gst-ex122_11.htm |
10-K - GST-10K-20161231 - Gastar Exploration Inc. | gst-10k_20161231.htm |
Exhibit 12.1
STATEMENT OF COMPUTATION OF RATIO OF EARNINGS
TO FIXED CHARGES
(Unaudited)
|
|
For the Years Ended December 31, |
|
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|
|
2016 |
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
|
2012 |
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|||||
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|
(in thousands, except ratios) |
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Earnings (Loss): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income (loss) |
|
$ |
(89,061 |
) |
|
$ |
(459,507 |
) |
|
$ |
50,953 |
|
|
$ |
49,342 |
|
|
$ |
(153,791 |
) |
Add: Fixed Charges |
|
|
38,522 |
|
|
|
34,796 |
|
|
|
32,138 |
|
|
|
16,598 |
|
|
|
2,340 |
|
Add: Amortization of capitalized interest |
|
|
1,389 |
|
|
896 |
|
|
|
594 |
|
|
|
883 |
|
|
|
7,119 |
|
|
Less: Interest capitalized |
|
|
(3,103 |
) |
|
|
(3,879 |
) |
|
|
(4,347 |
) |
|
|
(3,284 |
) |
|
|
(1,946 |
) |
Net income (loss), as adjusted |
|
$ |
(52,253 |
) |
|
$ |
(427,694 |
) |
|
$ |
79,338 |
|
|
$ |
63,539 |
|
|
$ |
(146,278 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total interest expensed |
|
$ |
33,368 |
|
|
$ |
30,981 |
|
|
$ |
28,851 |
|
|
$ |
14,130 |
|
|
$ |
1,992 |
|
Amortization of financing costs |
|
|
4,981 |
|
|
|
3,584 |
|
|
|
3,067 |
|
|
|
2,322 |
|
|
|
224 |
|
Estimated interest portion of operating leases |
|
|
173 |
|
|
|
231 |
|
|
|
220 |
|
|
|
146 |
|
|
|
124 |
|
Total fixed charges |
|
$ |
38,522 |
|
|
$ |
34,796 |
|
|
$ |
32,138 |
|
|
$ |
16,598 |
|
|
$ |
2,340 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed Charges and Fixed Charge Ratio: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Earnings (deficiency) to fixed charges |
|
$ |
(90,775 |
) |
|
$ |
(462,490 |
) |
|
$ |
47,200 |
|
|
$ |
46,941 |
|
|
$ |
(148,618 |
) |
Earnings to fixed charges ratio |
|
|
— |
|
|
|
— |
|
|
2.5x |
|
|
3.8x |
|
|
|
— |
|