Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - Rosehill Resources Inc. | d393459dex991.htm |
| EX-23.2 - EX-23.2 - Rosehill Resources Inc. | d393459dex232.htm |
| EX-23.1 - EX-23.1 - Rosehill Resources Inc. | d393459dex231.htm |
| EX-5.1 - EX-5.1 - Rosehill Resources Inc. | d393459dex51.htm |
| S-1 - S-1 - Rosehill Resources Inc. | d393459ds1.htm |
Exhibit 12.1
Computation of Ratio of Earnings to Fixed Charges and to Fixed Charges and Preference Dividends
| Year Ended December 31, | ||||||||||||
| 2016 | 2015 | 2014 | ||||||||||
| (in thousands, except ratios): |
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| Loss before income taxes |
$ | (15,041 | ) | (14,712 | ) | (19,253 | ) | |||||
| Interest expense |
1,818 | 3,240 | 5,466 | |||||||||
| Rental expense attributable to interest |
4 | 5 | 3 | |||||||||
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| Earnings |
(13,219 | ) | (11,467 | ) | (13,784 | ) | ||||||
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| Interest expense |
$ | 1,818 | $ | 3,240 | $ | 5,466 | ||||||
| Capitalized interest |
— | — | — | |||||||||
| Rental expense attributable to interest |
4 | 5 | 3 | |||||||||
| Preferred stock dividends |
— | — | — | |||||||||
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| Fixed charges and preferred stock dividends |
$ | 1,822 | $ | 3,245 | $ | 5,469 | ||||||
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| Ratio of earnings to fixed charges (a) |
(c) | (c) | (c) | |||||||||
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| Ratio of earnings to fixed charges and preferred stock dividends (b) |
(c) | (c) | (c) | |||||||||
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(a) The ratio has been computed by dividing earnings by fixed charges. For purposes of computing the ratio:
| • | earnings include income (loss) before income taxes, adjusted for interest expense and the portion of rental expense deemed to be representative of interest; and |
| • | fixed charges consist of interest expense, capitalized interest and the portion of rental expense deemed to be representative of interest. |
(b) The ratio has been computed by dividing earnings by fixed charges and preferred stock dividends. For purposes of computing the ratio:
| • | earnings include income (loss) before income taxes, adjusted for interest expense and the portion of rental expense deemed to be representative of interest; and |
| • | fixed charges and preferred stock dividends consist of interest expense, capitalized interest, the portion of rental expense deemed to be representative of interest and preferred stock dividends. |
(c) Due to Rosehill Operating’s loss before income taxes for the year ended December 31, 2016, 2015 and 2014, the ratio coverage was less than 1:1. To achieve ratio coverage of 1:1, the Company would have needed additional earnings of approximately $15.0 million, $14.7 million and $19.3 million for the year ended December 31, 2016, 2015 and 2014, respectively.