SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report
December 13, 2000
Energen Corporation
(Exact name of registrant as specified in its charter)
Alabama
(State or other jurisdiction of incorporation)
1-7810 63-0757759
(Commission File No.) (IRS Employer Identification No.)
605 Richard Arrington, Jr. Boulevard North
Birmingham, Alabama 35203
(Address of principal executive offices) (Zip Code)
(205) 326-2700
(Registrant's telephone number including area code)
Item 5. Other Events
The following consolidated ratio of earnings to fixed charges for the years
ended September 30, 2000, 1999, 1998, 1997, and 1996 have been derived from
previously published audited consolidated financial statements of Energen
Corporation, as filed with the Securities and Exchange Commission (SEC) on Form
10-K. The following consolidated ratio of earnings to fixed charges have been
determined pursuant to SEC regulations and should be read in conjunction with,
and are qualified in their entirety by reference to, the consolidated financial
statements from which they have been derived and the accompanying notes thereto.
Consolidated Ratios of Earnings to Fixed Charges
The following are the consolidated ratios of earnings to fixed charges for each
of the periods indicated:
Years ended September 30,
2000 1999 1998 1997 1996
Ratio of Earnings to Fixed Charges(1) 2.58 2.11 2.08 2.38 2.89
(1) For purposes of computing the consolidated ratio, "earnings" consist of net
income applicable to common stock, plus applicable income taxes and interest,
net of amount capitalized. "Fixed charges" consist of interest expense,
capitalized interest and amortization of debt discount and expense.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit
Number Description
12 Computation of Ratio of Earnings to Fixed Charges
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
ENERGEN CORPORATION
DATE: December 13, 2000 By /s/ Grace B. Carr
Grace B. Carr
Controller of Energen Corporation
ENERGEN CORPORATION Exhibit 12
Computation of Ratio of Earnings to Fixed Charges
(In Thousands, Except for Ratios)
Years Ended September 30,
2000 1999 1998 1997 1996
Earnings, as defined:
Income from continuing operations
before provision for income
taxes $59,807 $41,545 $34,028 $32,094 $26,589
Add:
Interest, net of amount
capitalized (1) 37,449 37,025 29,832 22,716 13,631
Dividends on preferred
stock of subsidiary 0 0 0 0 0
Total earnings, as defined $97,256 $78,570 $63,860 $54,810 $40,220
Fixed charges, as defined:
Interest (1) $37,769 $37,248 $30,774 $23,066 $13,920
Dividends on preferred
stock of subsidiary 0 0 0 0 0
Total fixed charges,
as defined $37,769 $37,248 $30,774 $23,066 $13,920
Ratio of earnings to
fixed charges 2.58 2.11 2.08 2.38 2.89
(1) Includes amortization of debt discount and expense