EX-12.1 6 qep-20141231xex121.htm EXHIBIT 12.1 QEP-2014.12.31-EX12.1


Exhibit 12.1

QEP Resources, Inc.
Ratio of Earnings to Fixed Charges

 
Year Ended December 31,
 
2014
 
2013
 
2012
 
2011
 
2010
Earnings
 
 
 
 
 
 
 
 
 
Income from continuing operations before income taxes and adjustment for income or loss from equity investees
$
(642.0
)
 
$
112.2

 
$
0.5

 
$
183.6

 
$
321.0

Add (deduct):
 
 
 
 
 
 
 
 
 
Fixed charges
175.6

 
167.8

 
128.7

 
95.7

 
89.8

Distributed income from equity investees
0.3

 
0.2

 
0.1

 
0.1

 
0.2

Capitalized interest
—

 
(2.0
)
 
(3.4
)
 
(3.0
)
 
(3.1
)
Total earnings
$
(466.1
)
 
$
278.2

 
$
125.9

 
$
276.4

 
$
407.9

Fixed Charges
 
 
 
 
 
 
 
 
 
Interest expense
$
172.9

 
$
163.3

 
$
122.9

 
$
90.0

 
$
84.4

Capitalized interest
—

 
2.0

 
3.4

 
3.0

 
3.1

Estimate of the interest within rental expense
2.7

 
2.5

 
2.4

 
2.7

 
2.3

Total Fixed Charges
$
175.6

 
$
167.8

 
$
128.7

 
$
95.7

 
$
89.8

Ratio of Earnings to Fixed Charges
(2.7
)
 
1.7

 
1.0

 
2.9

 
4.5