Exhibit 12.1
ANTERO MIDSTREAM PARTNERS LP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(in thousands)
|
|
|
Three Months |
| |||||||||||||||
|
|
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. |