Western Refining Logistics (WNRL) 10-K 2016 FY Annual report

Exhibit 12.1

Computation of Earnings to Fixed Charges

	Year Ended December 31,
	2016		2015		2014		2013			2012
	(In thousands)
Earnings (loss) before income taxes	$	44,053	$	32,753	$	33,367	$	(47,200	)	$	(50,214	)
Add:
Interest expense and other financing costs	25,972		23,107		2,374		322			40
Amortization of capitalized interest	64		—		—		—			—
Interest component of rental expense	2,832		2,840		2,708		1,985			1,915
Earnings (loss) as adjusted	$	72,921	$	58,700	$	38,449	$	(44,893	)	$	(48,259	)
Fixed charges:
Interest expense and other financing costs	$	25,972	$	23,107	$	2,374	$	322		$	40
Capitalized interest	896		—		—		—			—
Interest component of rental expense	2,832		2,840		2,708		1,985			1,915
Fixed charges	$	29,700	$	25,947	$	5,082	$	2,307		$	1,955
Ratio of earnings to fixed charges	2.46		2.26		7.57		—			—
Coverage deficiency	$	—	$	—	$	—	$	47,200		$	50,214