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