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LRR Energy, L.P.
Ratio of Earnings to Fixed Charges
| LRR Energy, L.P. | Predecessor | ||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Six Months Ended June 30, 2013 | Year Ended December 31, 2012 | Period from November 16 to December 31, 2011 | Period from January 1 to November 15, 2011 | Year Ended December 31, 2010 | Year Ended December 31, 2009 | Year Ended December 31, 2008 | |||||||||||||||
Pre-tax income (loss) from continuing operations before adjustment for income or loss from equity investees | 13,588 | 6,959 | 15,173 | 35,628 | 22,366 | (6,718 | ) | 46,782 | ||||||||||||||
Plus: Fixed charges | 4,514 | 6,596 | 604 | 919 | 3,223 | 1,274 | 2,131 | |||||||||||||||
18,102 | 13,555 | 15,777 | 36,547 | 25,589 | (5,444 | ) | 48,913 | |||||||||||||||
Ratio of Earnings to Fixed Charges(a) | 4.0x | 2.1x | 26.1x | 39.8x | 7.9x | (b) | 23.0x | |||||||||||||||
Fixed charges | ||||||||||||||||||||||
Sum of: | ||||||||||||||||||||||
Interest expensed and capitalized (does not include gains/losses from derivatives) | 4,304 | 6,228 | 554 | 860 | 3,085 | 1,157 | 2,081 | |||||||||||||||
Amortized premiums, discounts and capitalized expenses related to indebtedness | 210 | 368 | 50 | 59 | 138 | 117 | 50 | |||||||||||||||
4,514 | 6,596 | 604 | 919 | 3,223 | 1,274 | 2,131 |
- (a)
- To date, neither we nor our predecessor have issued any preferred units. Therefore, the ratio of earnings to combined fixed charges and preferred unit dividend requirements is the same as the ratio of earnings to fixed charges for the periods presented.
- (b)
- During the period noted, our coverage ratio was less than 1:1. Our predecessor would have needed to generate additional earnings of approximately $6.7 million during the year ended December 31, 2009 to achieve a coverage ratio of 1:1.
LRR Energy, L.P. Ratio of Earnings to Fixed Charges