Exhibit 12.1

 

ANTERO RESOURCES CORPORATION
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Nine Months

 

 

 

 

 

 

 

 

 

 

 

 

 

Ended

 

 

 

Year Ended December 31,

 

September 30,

 

 

 

2010

 

2011

 

2012

 

2013

 

2014

 

2015

 

Pre-tax income (loss) from continuing operations

 

$

1,155

 

$

456,485

 

$

346,505

 

$

162,023

 

$

1,117,049

 

$

1,281,609

 

Fixed charges

 

56,736

 

74,743

 

$

97,877

 

$

137,343

 

163,458

 

$

173,167

 

Total adjusted earnings available for payment of fixed charges

 

$

57,891

 

$

531,228

 

$

444,382

 

$

299,366

 

$

1,280,507

 

$

1,454,776

 

Fixed charges

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense, including amortization of debt related expenses

 

$

56,463

 

$

74,404

 

$

97,510

 

$

136,617

 

$

160,051

 

$

170,989

 

Rental expense representative of interest factor

 

$

273

 

$

339

 

$

367

 

$

726

 

3,407

 

$

2,178

 

Total fixed charges

 

$

56,736

 

$

74,743

 

$

97,877

 

$

137,343

 

$

163,458

 

$

173,167

 

Ratio of earnings to fixed charges

 

1.02

X

7.11

X

4.54

X

2.18

X

7.83

X

8.40

X