Exhibit 12.1
CONSTELLATION ENERGY PARTNERS LLP
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Successor | Predecessor | ||||||||||||||||||||||
Constellation Energy Partners LLC | Everlast Energy LLC | Torch Energy | |||||||||||||||||||||
For the year ended December 31, 2006 | For the period from February 7, 2005 (inception) to December 31, 2005 | For the period from January 1, 2005 to June 12, 2005 | For the year ended December 31, 2004 | For the year ended December 31, 2003 | For the year ended December 31, 2002 | ||||||||||||||||||
(In 000’s) | (In 000’s) | (In 000’s) | |||||||||||||||||||||
Net income(1) | $ | 15,989 | $ | 11,941 | $ | (10,636 | ) | $ | 2,099 | $ | 4,987 | $ | 414 | ||||||||||
Fixed Charges: | |||||||||||||||||||||||
Interest and Amortization of Debt Issuance Costs | 221 | 3 | 2,437 | 3,028 | 1,961 | — | |||||||||||||||||
Total Fixed Charges | 221 | 3 | 2,437 | 3,028 | 1,961 | — | |||||||||||||||||
Earnings(2) | $ | 16,210 | $ | 11,944 | $ | (8,199 | ) | $ | 5,127 | $ | 6,948 | $ | 414 | ||||||||||
Ratio of Earnings to Fixed Charges | 73.35 | 3,981.33 | (3.36 | ) | 1.69 | 3.54 | — | ||||||||||||||||
(1) | Net income is the equivalent of income from continuing operations, as CEP has no discontinued operations. |
(2) | Earnings are deemed to consist of income from continuing operations and fixed charges. |