Crestwood Equity Partners (CEQP) 8-K Results of Operations and Financial Condition

Exhibit 12.1

Inergy, L.P. and Subsidiaries

Computation of Ratio of Earnings to Fixed Charges

(in millions)

	Year Ended September 30,
	2010		2009		2008		2007		2006
Earnings:
Net income	$	46.4	$	108.1	$	63.1	$	138.6	$	6.4
Income taxes		0.2		1.7		1.4		6.5		0.6
Interest expense		91.5		70.5		62.6		54.4		55.8
Interest portion of operating leases		5.1		4.0		3.6		3.3		3.3
Earnings for ratio calculation	$	143.2	$	184.3	$	130.7	$	202.8	$	66.1
Fixed charges:
Interest expense	$	91.5	$	70.5	$	62.6	$	54.4	$	55.8
Interest portion of operating leases		5.1		4.0		3.6		3.3		3.3
Total fixed charges	$	96.6	$	74.5	$	66.2	$	57.7	$	59.1
Ratio of earnings to fixed charges		1.48		2.47		1.97		3.52		1.12

For purposes of determining the ratio of earnings to fixed charges, earnings are defined as earnings from continuing operations before income taxes, plus fixed charges. Fixed charges consist of net interest expense on all indebtedness and the amortization of deferred financing costs and interest associated with operating leases.