Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges (Restated)
(UNAUDITED)
Atlas Pipeline Partners, L.P.
(amounts in thousands except ratios)
| Nine months ended September 30, | |||||||
| 2006 | 2005 | ||||||
| (Restated) | |||||||
Earnings: | |||||||
Income before income tax expense | $ | 26,193 | $ | 14,893 | |||
Fixed charges | 19,025 | 8,921 | |||||
Interest capitalized | (1,947 | ) | — | ||||
Amortization of previously capitalized interest | 10 | — | |||||
Total | $ | 43,281 | $ | 23,814 | |||
Fixed Charges: | |||||||
Interest cost and debt expense | 18,191 | 8,478 | |||||
Interest allocable to rental expense (1) | 834 | 443 | |||||
Total | $ | 19,025 | $ | 8,921 | |||
Ratio of Earnings to Fixed Charges | 2.3 | 2.7 | |||||
| (1) | Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |
