Exhibit 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(Unaudited)
Atlas Pipeline Partners, L.P.
Three months ended | ||||||||||||||||
March 31, | Years ended December 31, | |||||||||||||||
2006 | 2005 | 2005 | 2004 | 2003 | 2002 | 2001 | ||||||||||
Earnings: | ||||||||||||||||
Income before income tax expense | 9,499 | 4,250 | 25,752 | 18,334 | 9,639 | 5,398 | 8,556 | |||||||||
Fixed charges | 6,136 | 1,276 | 14,773 | 2,575 | 341 | 317 | 239 | |||||||||
Total | 15,635 | 5,526 | 40,525 | 20,909 | 9,980 | 5,715 | 8,795 | |||||||||
Fixed Charges: | ||||||||||||||||
Interest cost and debt expense | 6,337 | 1,135 | 14,175 | 2,301 | 258 | 250 | 176 | |||||||||
Interest allocable to rental expense (1) | 231 | 141 | 675 | 274 | 83 | 67 | 63 | |||||||||
Interest capitalized | (433 | ) | — | (77 | ) | — | — | — | — | |||||||
Amortization of previously capitalized interest | 1 | — | — | — | — | — | — | |||||||||
Total | 6,136 | 1,276 | 14,773 | 2,575 | 341 | 317 | 239 | |||||||||
Ratio of Earnings to Fixed Charges | 2.5 | 4.3 | 2.7 | 8.1 | 29.3 | 18.0 | 36.8 | |||||||||
(1) | Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |