Exhibit 12.1

 

ANTERO MIDSTREAM PARTNERS LP

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

(in thousands)

 

 

 

Year Ended December 31,

 

Three Months
Ended March

 

 

 

2012 (3)

 

2013 (3)

 

2014 (3)

 

2015 (3)

 

2016 (2)

 

31, 2017 (2)

 

Pre-tax income (loss) from continuing operations

 

$

(4,715

)

$

2,015

 

$

127,875

 

$

159,105

 

$

236,703

 

$

75,091

 

Fixed charges

 

$

8

 

$

164

 

$

6,183

 

$

8,478

 

$

24,140

 

$

8,989

 

Total adjusted earnings available for payment of fixed charges

 

$

(4,707

)

$

2,179

 

$

134,058

 

$

167,583

 

$

260,843

 

$

84,080

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt-related expenses

 

$

8

 

$

164

 

$

6,183

 

$

8,158

 

$

21,893

 

$

8,836

 

Rental expense representative of interest factor

 

$

 

$

 

$

 

$

320

 

$

2,247

 

$

153

 

Total fixed charges

 

$

8

 

$

164

 

$

6,183

 

$

8,478

 

$

24,140

 

$

8,989

 

Ratio of earnings to fixed charges

 

NA

(1)

13.29

X

21.68

X

19.77

X

10.81

X

9.35

X

 


(1)

 

Earnings are deficient to cover fixed charges by $4,715.

(2)

 

Ratio represents our activity.

(3)

 

Ratio includes our predecessors’ activity.