Targa Resources Partners (NGLS-PA) 10-Q 2013 Q3 Quarterly report

Exhibit 12.1

Targa Resources Partners, LP

Computation of Ratio of Earnings to Fixed Charges

	Years Ended December 31,															Nine Months Ended September 30,
	2012			2011			2010			2009			2008			2013			2012
Pre-tax income (loss) from continuing operations	$	207.4		$	249.8		$	138.0		$	8.4		$	238.1		$	145.5		$	167.4
Fixed charges:
Interest expense and amortization of debt issuance costs		116.8			107.7			110.9			159.8			156.1			95.6			87.8
Capitalized interest		13.6			3.4			1.3			0.7			0.6			22.6			8.5
Operating lease payments		5.4			4.7			4.6			4.5			4.8			5.7			3.7
Total fixed charges		135.8			115.8			116.8			165.0			161.5			123.9			100.0
Amortization of capitalized interest		0.7			0.2			0.1			0.1			0.1			0.5			0.2
Equity earnings in unconsolidated investment		(1.9	)		(8.8	)		(5.4	)		(5.0	)		(14.0	)		(10.1	)		0.3
Distributions from unconsolidated investment		2.3			8.3			8.7			5.1			4.6			12.0			2.3
Capitalized interest		(13.6	)		(3.4	)		(1.3	)		(0.7	)		(0.6	)		(22.6	)		(8.5	)
Pre-tax income from continuing operations plus fixed charges	$	330.6		$	361.9		$	256.9		$	172.9		$	389.7		$	249.2		$	261.7
Ratio of earnings to fixed charges		2.4			3.1			2.2			1.0			2.4			2.0			2.6
Deficiency	$	-		$	-		$	-		$	-		$	-		$	-		$	-