EX-12.1 7 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 each of the periods indicated. All dollar amounts are reported in thousands.

 

     Successor         Predecessor
     Constellation Energy
Partners LLC		         Everlast Energy LLC
     2008    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

Net Income (loss)(1)

    $ 7,652    $ 14,241    $ 15,989    $ 11,941        $ (10,636 )   $ 2,099

Fixed Charges:

                     

Total Fixed Charges(2)

      12,256      6,930      221      3          2,437       3,028
                                              

Total

      12,256      6,930      221      3          2,437       3,028
                                              

Earnings (loss)(3)

    $ 19,908    $ 21,171    $ 16,210    $ 11,944        $ (8,199 )   $ 5,127
                                              

Ratio of earnings (loss) to fixed charges

      1.62      3.05      73.35      3,981.33          (3.36 )     1.69
                                              

 

(1) Net income is the equivalent of income from continuing operations, as CEP has no discontinued operations.
(2) Fixed charges equal the sum of the following: interest expensed and capitalized; amortized premiums, discounts, and capitalized expenses related to indebtedness; and an estimate of the interest within rent expense.
(3) Earnings are deemed to consist of income from continuing operations and fixed charges.