EX-12.1 4 d74529exv12w1.htm EX-12.1 exv12w1
Exhibit 12.1
Range Resources Corporation
Computation of Ratio of Earnings to Fixed Charges
(in thousands except ratios)
                                                 
    Six Months Ended     Year Ended  
    June 30,     December 31,  
    2010     2009     2008     2007     2006     2005  
EARNINGS:
                                               
Income (loss) from continuing operations before provision (benefit) for incomes taxes
  $ 142,018     $ (58,732 )   $ 544,871     $ 249,982     $ 318,515     $ 175,985  
Share of distributed income of equity method investments (net of equity method income or loss)
    985       13,699       419       (974 )     (548 )   $  
Fixed charges
    62,440       121,261       102,784       79,519       57,466       38,312  
 
                                   
Total earnings
  $ 205,443     $ 76,228     $ 648,074     $ 328,527     $ 375,433     $ 214,297  
 
                                   
FIXED CHARGES:
                                               
Interest expense (1)
  $ 61,066     $ 117,367     $ 99,748     $ 77,737     $ 55,849     $ 37,619  
Interest portion of rental expense
    1,374       3,894       3,036       1,782       1,617       693  
 
                                   
Total fixed charges
  $ 62,440     $ 121,261     $ 102,784     $ 79,519     $ 57,466     $ 38,312  
 
                                   
Ratio of earnings to fixed charges
    3.3       *       6.3       4.1       6.5       5.6  
 
(1)   Amortization of debt issuance costs is included in interest expense.
 
(*)   For the year ended December 31, 2009, earnings were less than fixed charges and the coverage deficiency was $45,033.