Genesis Energy (GEL) 8-K Entry into a Material Definitive Agreement

Exhibit 12.1

RATIO OF EARNINGS TO FIXED CHARGES

	Year Ended December 31,															Three Months Ended
	2010			2011			2012			2013			2014			March 31, 2015
	(in thousands, except ratio)
Pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	(50,074	)	$	46,807		$	73,787		$	62,174		$	65,912		$	5,604
Capitalized interest		(84	)		(106	)		(3,891	)		(13,324	)		(13,785	)		(3,023	)
Depreciation of capitalized interest		36			43			302			1,190			2,109			578
Distributions from 50% or less owned companies carried at equity		6,482			20,028			38,809			46,564			75,528			258,902
Adjusted pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees	$	(43,640	)	$	66,772		$	109,007		$	96,604		$	129,764		$	29,061
Fixed charges
Interest on long-term debt	$	22,992		$	35,771		$	40,923		$	48,583		$	66,639		$	19,250
Capitalized interest		84			106			3,891			13,324			13,785			3,023
Rental expenses representative of an interest factor		3,904			4,570			5,383			6,919			9,485			2,175
Total fixed charges	$	26,980		$	40,447		$	50,197		$	68,826		$	89,909		$	24,448
Adjusted pre-tax income from continuing operations before adjustment for noncontrolling interests in consolidated subsidiaries or income or loss from equity investees plus total fixed charges	$	(16,660	)	$	107,219		$	159,204		$	165,430		$	219,673		$	53,509
RATIO OF EARNINGS TO FIXED CHARGES		—			2.7			3.2			2.4			2.4			2.2