EX-12.1 4 a2211396zex-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)

 
  2007   2008   2009   2010   2011   2012
(through June 30,
2012)
 

Total fixed charges

  $ 49,191   $ 86,559   $ 112,981   $ 120,711   $ 123,893   $ 69,507  
                           

Earnings:

                                     

Earnings from continuing operations before income taxes

    (59,155 ) $ 273,602   $ (155,370 ) $ 34,291   $ 119,894   $ 252,427  

Add:

                                     

Fixed charges

    49,191     86,559     112,981     120,711     123,893     69,507  

Amortization of capitalized interest

    478     1,110     1,444     1,583     1,639     1,020  

Cash distributions from equity method investments

    10,840     445         2,508     300     1,700  

(Income) Loss from equity method investments

    (5,309 )   (90 )   (3,505 )   (1,562 )   1,095     (542 )

Subtract:

                                     

Interest capitalized

    (3,344 )   (9,486 )   (12,228 )   (2,766 )   (1,121 )   (8,048 )
                           

Total earnings

  $ (7,299 ) $ 352,140   $ (56,678 ) $ 154,765   $ 245,700   $ 316,064  
                           

Ratio

    (0.15 )   4.07     (0.50 )   1.28     1.98     4.55  
                           

Deficit

  $ (56,490 ) $   $ (169,659 ) $   $        



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MarkWest Energy Partners, L.P. Calculation of Earnings to Fixed Charges (Dollar amounts in thousands)