EXHIBIT 12.1
Alta Mesa Holdings, LP
Ratio of Earnings to Fixed Charges
| Six Months Ended June 30, 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | |||||||||||||||||||
| (dollars in thousands, except ratio) | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Net income (loss) before tax | $ | 9,886 | $ | (167,950 | ) | $ | (131,231 | ) | $ | 99,376 | $ | (153,715 | ) | $ | (95,982 | ) | ||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest (1) | 25,447 | 61,454 | 62,953 | 56,381 | 55,716 | 42,347 | ||||||||||||||||||
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Earnings before fixed charges | 35,333 | (106,496 | ) | (68,278 | ) | 155,757 | (97,999 | ) | (53,635 | ) | ||||||||||||||
Fixed charges: | ||||||||||||||||||||||||
Interest (1) | 25,447 | 61,454 | 62,953 | 56,381 | 55,716 | 42,347 | ||||||||||||||||||
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Total fixed charges | $ | 25,447 | $ | 61,454 | $ | 62,953 | $ | 56,381 | $ | 55,716 | $ | 42,347 | ||||||||||||
Ratio of earnings to fixed charges | 1.39 | N/A | N/A | 2.76 | N/A | N/A | ||||||||||||||||||
| (1) | Interest expense includes interest on debt, amortization of discount on debt, and an estimate of the interest expense portion of rent expense. |