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