EX-12.1 3 ete-06302018ex121.htm EXHIBIT 12.1
Exhibit 12.1
ENERGY TRANSFER EQUITY, L.P.
Computation of Ratio of Earnings to Fixed Charges
(in millions, except for ratio amounts)
(unaudited)

| Six Months Ended June 30, 2018
Fixed Charges: |
Interest expense, net | $ | 976 |
Capitalized interest | 161 |
Interest charges included in rental expense | 6 |
Total fixed charges | 1,143 |
Earnings: |
Income from continuing operations before income tax expense and noncontrolling interest | 1,443 |
Less: equity in earnings of unconsolidated affiliates | 171 |
Total earnings | 1,272 |
Add: |
Fixed charges | 1,143 |
Amortization of capitalized interest | 10 |
Distributed income of equity investees | 138 |
Less: |
Interest capitalized | (161 | )
Income available for fixed charges | $ | 2,402 |
Ratio of earnings to fixed charges | 2.10 |