EX-12.1 3 d526787dex121.htm EX-12.1

EX-12.1

Exhibit 12.1

Range Resources Corporation

Calculation of Ratio of Earnings to Fixed Charges

(in thousands except ratios)

The following table sets forth our ratio of earnings to fixed charges for the periods indicated.

		Three Months Ended March 31,								Years Ended December 31,
		2013				2012				2012				2011				2010				2009				2008
EARNINGS:
Income (loss) from continuing operations before provision (benefit) for incomes taxes		$	(122,790	)		$	(69,643	)		$	25,056			$	78,263			$	139,608			$	84,773			$	510,273
Share of distributed income of equity method investments (net of equity method income or loss)			2,695				2,684				13,122				24,544				1,482				13,699				419
Fixed charges			43,258				38,402				173,352				145,981				137,297				123,571				104,830
Total earnings (loss)		$	(76,837	)		$	(28,557	)		$	211,530			$	248,788			$	278,387			$	222,043			$	615,522
FIXED CHARGES:
Interest expense (1)		$	42,210			$	37,205			$	168,798			$	139,843			$	131,192			$	117,367				99,748
Interest portion of rental expense			1,048				1,197				4,554				6,138				6,105				6,204				5,082
Total fixed charges		$	43,258			$	38,402			$	173,352			$	145,981			$	137,297			$	123,571			$	104,830
Ratio of earnings to fixed charges			*				**				1.2				1.7				2.0				1.8				5.9

(1) Amortization of debt issuance costs is included in interest expense.

* Earnings were inadequate to cover fixed charges for the quarter ended March 31, 2013 by $120,095,000.

** Earnings were inadequate to cover fixed charges for the quarter ended March 31, 2012 by $66,959,000.