Exhibit 12.1

Rice Energy Inc.

Computation of Ratio of Earnings to Fixed Charges

The table below sets forth the ratio of earnings to fixed charges for our predecessor for the periods indicated:

	For the Year Ended December 31,															Nine Months Ended September 30, 2015
	2010			2011			2012			2013			2014
Pre-tax income (loss) from continuing operations	$	(3,739	)	$	(1,084	)	$	(15,861	)	$	2,884		$	310,635		$	24,589
(Income) loss from equity investees		1,088			(370	)		(1,532	)		(19,420	)		2,656			—
Distributed income of equity investees		—			—			—			159			—			—
Fixed charges		1,229			8,611			18,932			32,439			53,693			67,501
Interest capitalized		(1,213	)		(5,405	)		(7,838	)		(8,250	)		(905	)		(219	)
Total adjusted earnings available for payment of fixed charges	$	(2,635	)	$	1,752		$	(6,299	)	$	7,812		$	366,079		$	91,871
Fixed charges:
Interest expense, including amortization of discounts	$	—		$	531		$	3,859		$	18,795		$	50,191		$	63,437
Interest capitalized		1,213			5,405			7,838			8,250			905			219
Estimated interest on rental expense		—			—			—			—			102			123
Deferred financing amortization		16			2,675			7,235			5,394			2,495			3,722
Total fixed charges	$	1,229		$	8,611		$	18,932		$	32,439		$	53,693		$	67,501
Ratio of earnings to fixed charges (1) (2)		(2.14	)		0.20			(0.33	)		0.24			6.82			1.36

(1) Due to the predecessor’s loss for the period, the ratio coverage was less than 1:1. The predecessor would have needed to generate additional earnings of $24.6 million, $25.2 million, $6.9 million and $3.9 million to achieve coverage of 1:1 for the years ended December 31, 2013, 2012, 2011 and 2010, respectively.

(2) The predecessor had no preferred stock outstanding for any period presented, and accordingly, the ratio of earnings to combined fixed charges and preferred stock dividends is the same as the ratio of earnings to fixed charges.