EX-12.1 3 dex121.htm COMPUTATION OF RATIO OF EARNING TO FIXED CHARGES Computation of Ratio of Earning to Fixed Charges

Exhibit 12.1

CONSTELLATION ENERGY PARTNERS LLP

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

     Successor         Predecessor
     Constellation Energy
Partners LLC		         Everlast Energy LLC         Torch
Energy
     For the year
ended
December 31,
2006		    For the
period from
February 7,
2005
(inception) to
December 31,
2005		         For the
period
from
January 1,
2005 to
June 12,
2005		     For the year
ended
December 31,
2004		    For the year
ended
December 31,
2003		         For the year
ended
December 31,
2002
     (In 000’s)         (In 000’s)         (In 000’s)

Net income(1)

    $ 15,989    $ 11,941         $ (10,636 )   $ 2,099    $ 4,987         $ 414

Fixed Charges:

                             

Interest and Amortization of Debt Issuance Costs

      221      3           2,437       3,028      1,961           —  
                                                    

Total Fixed Charges

      221      3           2,437       3,028      1,961           —  
                                                    

Earnings(2)

    $ 16,210    $ 11,944         $ (8,199 )   $ 5,127    $ 6,948         $ 414
                                                    

Ratio of Earnings to Fixed Charges

      73.35      3,981.33           (3.36 )     1.69      3.54           —  
                                                    
(1) Net income is the equivalent of income from continuing operations, as CEP has no discontinued operations.
(2) Earnings are deemed to consist of income from continuing operations and fixed charges.