EXHIBIT 12.1
Mid-Con Energy Partners, LP
Ratio of Earnings to Fixed Charges
| (in thousands) | Year Ended December 31, | Six Months Ended December 31, | Year Ended June 30, | |||||||||||||||||||||
| 2013 | 2012 | 2011 | 2010 | 2009 | 2009 | |||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Net earnings | 28,189 | 29,862 | 18,968 | 1,078 | (9,096 | ) | 2,984 | |||||||||||||||||
Less interest capitalized | — | — | — | — | — | — | ||||||||||||||||||
Fixed charges | 3,476 | 1,919 | 578 | 98 | 2 | 93 | ||||||||||||||||||
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| 31,665 | 31,781 | 19,546 | 1,176 | (9,094 | ) | 3,077 | ||||||||||||||||||
Fixed Charges: | ||||||||||||||||||||||||
Interest expense (gross of interest income) | 3,282 | 1,764 | 578 | 98 | 2 | 93 | ||||||||||||||||||
Capitalized interest | — | — | — | — | — | 0 | ||||||||||||||||||
Amortization of deferred loan costs | 194 | 155 | — | — | — | 0 | ||||||||||||||||||
Interest component of rental expense | — | — | — | — | — | — | ||||||||||||||||||
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| 3,476 | 1,919 | 578 | 98 | 2 | 93 | |||||||||||||||||||
Ratio of Earnings to Fixed Charges | 9.1 | 16.6 | 33.8 | 12.0 | (a | ) | 33.1 | |||||||||||||||||
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| (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 ration of 1:1. |
