EX-12.1 5 dex121.htm COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES Computation of Ratio of Earnings to Fixed Charges

EXHIBIT 12.1

RATIO OF EARNINGS TO FIXED CHARGES

The following table sets forth the ratios of earnings to fixed charges for us and our predecessors for each of the periods indicated. All dollar amounts are reported in thousands.

 

     Successor          Predecessor
     Constellation Energy
Partners LLC		          Everlast Energy LLC
     2007    2006    For the
period from
February 7,
2005
(inception) to
December 31,
2005		          For the
period from
January 1,
2005
(inception) to
June 12,
2005		     2004    2003

Net Income (loss)(1)

    $ 14,241    $ 15,989    $ 11,941         $ (10,636 )   $ 2,099    $ 4,987

Fixed Charges:

                      

Interest and Amortization of Debt Issuance Costs

      6,930      221      3           2,437       3,028      1,961
                                               

Total Fixed Charges

      6,930      221      3           2,437       3,028      1,961
                                               

Earnings (loss)(2)

    $ 21,171    $ 16,210    $ 11,944         $ (8,199 )   $ 5,127    $ 6,948
                                               

Ratio of earnings (loss) to fixed charges

      3.05      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.