EX-12.1 12 v161106_ex12-1.htm Unassociated Document
 
Exhibit 12.1
 
Penn Virginia Resource Partners, L.P.
Statement of Computation of Ratio of Earnings to Fixed Charges Calculation
(in thousands, except ratios)
 
   
Year Ended December 31,
    
Six Months Ended June 30,
  
   
2004
    
2005
    
2006
    
2007
    
2008
    
2008
    
2009
  
Earnings
                                          
Pre-tax income*
   $ 34,876     $ 52,430     $ 74,910     $ 55,552     $ 103,603     $ 43,330     $ 21,493  
Fixed charges
     7,328       14,351       19,783       19,766       26,850       11,357       13,414  
Total earnings
   $ 42,204     $ 66,781     $ 94,693     $ 75,318     $ 130,453     $ 54,687     $ 34,907  
Fixed Charges
                                                        
Interest expense
   $ 7,267     $ 14,053     $ 19,151     $ 18,896     $ 25,346     $ 10,908     $ 12,215  
Rental interest factor
     61       298       632       870       1,504       377       1,199  
Total fixed charges
   $ 7,328     $ 14,351     $ 19,783     $ 19,766     $ 26,850     $ 11,357     $ 13,414  
Ratio of earnings to fixed charges
     5.8 x     4.7 x     4.8 x     3.8 x     4.9 x     4.8 x     2.6 x
 
*
Includes cash distributions from equity affiliates and excludes equity earnings from affiliates.  Also excludes capitalized interest.