Exhibit 12.1
ANTERO RESOURCES CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
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| Nine Months |
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| Ended |
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| Year Ended December 31, |
| September 30, |
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| 2010 |
| 2011 |
| 2012 |
| 2013 |
| 2014 |
| 2015 |
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Pre-tax income (loss) from continuing operations |
| $ | 1,155 |
| $ | 456,485 |
| $ | 346,505 |
| $ | 162,023 |
| $ | 1,117,049 |
| $ | 1,281,609 |
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Fixed charges |
| 56,736 |
| 74,743 |
| $ | 97,877 |
| $ | 137,343 |
| 163,458 |
| $ | 173,167 |
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Total adjusted earnings available for payment of fixed charges |
| $ | 57,891 |
| $ | 531,228 |
| $ | 444,382 |
| $ | 299,366 |
| $ | 1,280,507 |
| $ | 1,454,776 |
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Fixed charges |
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Interest expense, including amortization of debt related expenses |
| $ | 56,463 |
| $ | 74,404 |
| $ | 97,510 |
| $ | 136,617 |
| $ | 160,051 |
| $ | 170,989 |
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Rental expense representative of interest factor |
| $ | 273 |
| $ | 339 |
| $ | 367 |
| $ | 726 |
| 3,407 |
| $ | 2,178 |
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Total fixed charges |
| $ | 56,736 |
| $ | 74,743 |
| $ | 97,877 |
| $ | 137,343 | �� | $ | 163,458 |
| $ | 173,167 |
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Ratio of earnings to fixed charges |
| 1.02 | X | 7.11 | X | 4.54 | X | 2.18 | X | 7.83 | X | 8.40 | X |