Exhibit 12.1
Statements Regarding Computation of Ratios
Texas Gas | Boardwalk Pipeline Partners | ||||||||||||||||||||
Year Ended December 31, | Period from | Period from May 17, | Year Ended December 31, | Nine Months Ended September 30, | |||||||||||||||||
2001 | 2002 | 2004 | 2005 | 2005 | 2006 | ||||||||||||||||
(in thousands, except ratios) | |||||||||||||||||||||
Statements Regarding Computation of Ratios: | |||||||||||||||||||||
Income before income taxes | 75,615 | 92,746 | 56,861 | 37,555 | 81,158 | 160,521 | 93,237 | 132,641 | |||||||||||||
Total fixed charges | 22,516 | 21,719 | 7,759 | 19,575 | 30,495 | 62,134 | 46,313 | 47,939 | |||||||||||||
Less capitalized interest | — | — | — | — | — | (231 | ) | (105 | ) | (784 | ) | ||||||||||
Total earnings | 98,131 | 114,465 | 64,620 | 57,130 | 111,653 | 222,424 | 139,445 | 179,796 | |||||||||||||
Fixed charges: | |||||||||||||||||||||
Interest expense | 22,230 | 21,419 | 7,634 | 19,414 | 30,349 | 60,530 | 45,097 | 46,074 | |||||||||||||
Capitalized interest | — | — | — | — | — | 231 | 105 | 784 | |||||||||||||
Interest in rental expense | 286 | 300 | 125 | 161 | 146 | 1,373 | 1,111 | 1,081 | |||||||||||||
Total fixed charges | 22,516 | 21,719 | 7,759 | 19,575 | 30,495 | 62,134 | 46,313 | 47,939 | |||||||||||||
Ratio of earnings to fixed charges | 4.36 | 5.27 | 8.33 | 2.92 | 3.66 | 3.58 | 3.01 | 3.75 | |||||||||||||