Exhibit 12
CORENERGY INFRASTRUCTURE TRUST
RATIO OF EARNINGS TO FIXED CHARGES (Dollar amounts in thousands)
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | For the Six-Month Period Ended June 30, 2014 | | For the Years Ended | | For the One-Month Transition Period Ended December 31, 2012 |
| | | | December 31, 2013 | | November 30, 2012 | | November 30, 2011 | | November 30, 2010 | | November 30, 2009 | |
| Earnings: | | | | | | | | | | | | | | |
| Net income before taxes (1) | | $ | 7,146 |
| | $ | 8,919 |
| | $ | 19,578 |
| | $ | 3,805 |
| | $ | 19,440 |
| | $ | 265 |
| | $ | (2,442 | ) |
| Adjustments Added: | | | | | | | | | | | | | | |
| Fixed Charges (see below) | | 1,646 |
| | 3,288 |
| | 81 |
| | 37 |
| | 46 |
| | 628 |
| | 416 |
|
| Total Earnings | | $ | 8,792 |
| | $ | 12,207 |
| | $ | 19,659 |
| | $ | 3,842 |
| | $ | 19,486 |
| | $ | 893 |
| | $ | (2,026 | ) |
| | | | | | | | | | | | | | | |
| Fixed Charges: | | | | | | | | | | | | | | |
| Interest expense | | $ | 1,646 |
| | $ | 3,288 |
| | $ | 81 |
| | $ | 37 |
| | $ | 46 |
| | $ | 628 |
| | $ | 416 |
|
| | | | | | | | | | | | | | | |
| Total Fixed Charges | | $ | 1,646 |
| | $ | 3,288 |
| | $ | 81 |
| | $ | 37 |
| | $ | 46 |
| | $ | 628 |
| | $ | 416 |
|
| Ratio of Earnings to Fixed Charges | | 5.34x |
| | 3.71x |
| | 242.70x |
| | 103.84x |
| | 423.61x |
| | 1.42x |
| | (4.87 | )x |
|
| |
| (1) Excludes Net Income (Loss) attributable to non-controlling interest |
| | |
