EX-99.1 8 d69822exv99w1.htm EX-99.1 exv99w1
Exhibit 99.1
ENCORE ACQUISITION COMPANY
RATIOS OF EARNINGS (LOSS) TO FIXED CHARGES
($ in thousands)
                                 
    Three months ended September 30,     Nine months ended September 30,  
    2009     2008     2009     2008  
Income (loss) before income taxes
   $ 9,413     $ 358,577     $ (94,453 )   $ 336,600  
Adjustments:
                                
Add fixed charges:
                                
Interest expense
     21,920       18,124       57,009       54,669  
Rental expense attributable to interest
     434       424       1,224       1,359  
 
                        
Total fixed charges
     22,354       18,548       58,233       56,028  
 
                        
 
                                
Adjusted earnings (loss)
   $ 31,767     $ 377,125     $ (36,220 )   $ 392,628  
 
                        
 
                                
Ratio of earnings (loss) to fixed charges (a)
     1.4       20.3       (0.6 )     7.0  
 
                        
 
(a)   For the nine months ended September 30, 2009, earnings as defined were inadequate to cover fixed charges as defined by $94.5 million.