EXHIBIT 12.1
Mid-Con Energy Partners, LP
Ratio of Earnings to Fixed Charges
| (in thousands) | Nine Months Ended September 30, | Year Ended December 31, | Six Months Ended December 31, | Year Ended June 30, | ||||||||||||||||||||||||
| 2012 | 2011 | 2010 | 2009 | 2009 | 2008 | 2007 | ||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||||||
Net earnings | 22,953 | 18,968 | 1,078 | (9,096 | ) | 2,984 | 632 | 735 | ||||||||||||||||||||
Less interest capitalized | — | — | — | — | — | — | — | |||||||||||||||||||||
Fixed charges | 1,274 | 578 | 98 | 2 | 93 | 3 | 11 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
| 24,227 | 19,546 | 1,176 | (9,094 | ) | 3,077 | 635 | 746 | |||||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||||||
Interest expense (gross of interest income) | 1,164 | 578 | 98 | 2 | 93 | 3 | 11 | |||||||||||||||||||||
Capitalized interest | — | — | — | — | — | — | — | |||||||||||||||||||||
Amortization of deferred loan costs | 110 | — | — | — | — | — | — | |||||||||||||||||||||
Interest component of rental expense | — | — | — | — | — | — | — | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
| 1,274 | 578 | 98 | 2 | 93 | 3 | 11 | ||||||||||||||||||||||
Ratio of Earnings to Fixed Charges | 19.0 | 33.8 | 12.0 | (a) | 33.1 | 211.7 | 67.8 | |||||||||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
| |||||||||||||||
| (a) | During the period noted, our coverage ratio was less than 1:1. We would have needed to generate additional earnings of approximately $9.1 million during the six months ended December 31, 2009 to achieve a coverage ratio of 1:1. |
