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Exhibit 12.1
MarkWest Energy Partners, L.P.
Calculation of Earnings to Fixed Charges
(Dollar amounts in thousands)
| | Year ended December 31, | | ||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| | Six Months Ended June 30, 2006 | |||||||||||||||||||
| | 2001 | 2002 | 2003 | 2004 | 2005 | |||||||||||||||
Fixed Charges | $ | 1,507 | $ | 1,619 | $ | 4,438 | $ | 16,209 | $ | 33,190 | $ | 24,635 | |||||||||
Earnings | |||||||||||||||||||||
Add: | |||||||||||||||||||||
(a) | Pre-tax income from continuing operations | $ | 4,210 | $ | 4,486 | $ | 4,759 | $ | 9,962 | $ | 2,355 | $ | 28,646 | ||||||||
(b) | Fixed charges | 1,507 | 1,619 | 4,438 | 16,209 | 33,190 | 24,635 | ||||||||||||||
(c) | Amortization of capitalized interest | — | — | — | 2 | 25 | 104 | ||||||||||||||
(d) | Distributed income of equity investees | — | — | — | — | 2,441 | — | ||||||||||||||
(e) | Share of pre-tax losses (earnings) of equity investees | — | — | — | 65 | 2,153 | (2,173 | ) | |||||||||||||
Subtract: | |||||||||||||||||||||
(a) | Interest capitalized | — | — | — | (793 | ) | (2,133 | ) | (183 | ) | |||||||||||
(b) | Preference security dividend requirements of consolidated subsidiaries | — | — | — | — | — | — | ||||||||||||||
(c) | Minority interest in pre-tax income of subsidiaries that have not incurred fixed charges | — | — | — | — | — | — | ||||||||||||||
Equals Earnings | $ | 5,717 | $ | 6,105 | $ | 9,197 | $ | 25,445 | $ | 38,031 | $ | 51,029 | |||||||||
Ratio | 3.79 | 3.77 | 2.07 | 1.57 | 1.15 | 2.07 | |||||||||||||||
MarkWest Energy Partners, L.P. Calculation of Earnings to Fixed Charges