EX-12.1 4 a2191116zex-12_1.htm EX-12.1
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Exhibit 12.1


MarkWest Energy Partners, L.P.
Calculation of Earnings to Fixed Charges

(Dollar amounts in thousands)

 
  Year ended December 31,   Nine Months
ended
September 30,
 
 
  2003   2004   2005   2006   2007   2008  

Fixed Charges

    7,184     17,192     34,080     54,153     49,191     63,007  

Earnings

                                     

Add:

                                     
 

(a) Pre-tax income (loss) from continuing operations

    (32,517 )   6,490     (8,515 )   74,498     (59,155 )   41,121  
 

(b) Fixed charges

    7,184     17,192     34,080     54,153     49,191     63,007  
 

(c) Amortization of capitalized interest

        53     195     255     478     610  
 

(d) Distributed income of equity investees

            2,441         10,840     5,445  
 

(e) Share of pre-tax losses of equity investees

            2,153     (5,316 )   (5,309 )   (1,932 )

Subtract:

                                     
 

(a) Interest capitalized

        (793 )   (2,133 )   (900 )   (3,344 )   (5,035 )
 

(b) Preference security dividend requirements of consolidated subsidiaries

                         
 

(c) Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges

                         
                           

Equals Earnings (Loss)

    (25,333 )   22,942     28,221     122,690     (7,299 )   103,216  
                           

Ratio

    (3.53 )   1.33     0.83     2.27     (0.15 )   1.64  
                           



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MarkWest Energy Partners, L.P. Calculation of Earnings to Fixed Charges