Exhibit 12.1
Antero Resources LLC
Ratio of Earnings to Fixed Charges
(in thousands, except ratio)
| |
2005 | 2006 | 2007 | 2008 | 2009 | Pro forma 2009 |
Three Months Ended March 31, 2010 |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Earnings: |
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Net income (loss) before income taxes |
(46,634 | ) | (8,583 | ) | (38,153 | ) | 86,709 | (109,137 | ) | (109,137 | ) | 100,164 | ||||||||||||
Interest expense |
592 | 1,366 | 25,124 | 37,594 | 36,089 | 36,089 | 13,292 | |||||||||||||||||
Interest component of rental expense |
69 | 67 | 99 | 175 | 295 | 295 | 67 | |||||||||||||||||
Earnings |
(45,973 | ) | (7,150 | ) | (12,930 | ) | 124,478 | (72,753 | ) | (72,753 | ) | 113,523 | ||||||||||||
Fixed charges: |
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Interest expense |
592 | 1,366 | 25,124 | 37,594 | 36,089 | 36,089 | 13,292 | |||||||||||||||||
Interest component of rental expense |
69 | 67 | 99 | 175 | 295 | 295 | 67 | |||||||||||||||||
Pro forma adjustments: |
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Incremental interest expense on issuance of notes |
20,161 | |||||||||||||||||||||||
Fixed charges |
661 | 1,433 | 25,223 | 37,769 | 36,384 | 56,545 | 13,359 | |||||||||||||||||
Ratio of earnings to fixed charges |
NA | NA | NA | 3.30 | NA | NA | 8.50 | |||||||||||||||||