EXHIBIT 12.1 ENTERPRISE PRODUCTS PARTNERS L.P. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (AMOUNTS IN MILLIONS $) YEAR ENDED DECEMBER 31, 1999 ---------------------------- ACTUAL PRO FORMA -------- --------- Income (loss) before minority interest and equity investments $ 108.0 $ 121.1 Add: Fixed charges 23.3 37.9 Amortization of capitalized interest 0.1 0.1 Distributed income of equity investees 6.0 6.8 Less: Capitalized interest (0.2) (0.2) Minority interest (1.2) (1.3) -------- -------- Total Earnings $ 136.1 $ 164.4 ======== ======== Fixed charges: Interest expense 16.4 30.2 Capitalized interest 0.2 0.2 Interest portion of rental expense 6.7 7.6 -------- -------- Total $ 23.2 $ 37.9 ======== ======== RATIO OF EARNINGS TO FIXED CHARGES 5.84x 4.34x ======== ========