EXHIBIT 12.1
Statement of Computation of Ratio of Earnings to Fixed Charges
(UNAUDITED)
(UNAUDITED)
Atlas Energy Resources, LLC
(amounts in thousands except ratios)
(amounts in thousands except ratios)
| December 31, | Nine months ended September 30, | |||||||
| 2007 | 2008 | |||||||
Earnings: | ||||||||
| Income before income tax expense | $ | 117,504 | $ | 114,082 | ||||
| Fixed charges | 33,153 | 44,991 | ||||||
| Minority interest | 32 | 48 | ||||||
| Loss from equity investee | 158 | (171 | ) | |||||
| Interest capitalized | (2,730 | ) | (2,012 | ) | ||||
| Amortization of previously capitalized interest | 191 | 109 | ||||||
| Total | $ | 148,308 | $ | 157,047 | ||||
Fixed Charges: | ||||||||
| Interest cost and debt expense | 30,096 | 42,666 | ||||||
Interest allocable to rental expense(1) | 327 | 313 | ||||||
| Interest capitalized | 2,730 | 2,012 | ||||||
| Total Fixed charges | $ | 33,153 | $ | 44,991 | ||||
Ratio of Earnings to Fixed Charges | 4.47x | 3.49x | ||||||
| * | We have not issued any preferred securities as of the date hereof and, accordingly, we have not paid any preferred dividends. | |
| (1) | Represents one-third of the total operating lease rental expense which is that portion deemed to be interest. |