EXHIBIT 12.1

Atlas Pipeline Partners, L.P.

Statement of Computation of Ratio of Earnings to Fixed Charges

(UNAUDITED)

(amounts in thousands, except ratios)

	Nine Months Ended September 30,
	2011			2010(1)
Earnings:
Income (loss) from continuing operations before income tax expense (2)(3)	$	300,732		$	(29,685	)
Fixed charges		29,012			76,998
Adjustment to net distributed income from equity investee		(386	)		4,139
Interest capitalized		(3,021	)		(787	)
Amortization of previously capitalized interest		241			456
Non-controlling interest		(4,492	)		(3,338	)
Total	$	322,086		$	47,783
Fixed Charges:
Interest cost and debt expense	$	24,525		$	74,043
Interest capitalized		3,021			787
Interest allocable to rental expense(4)		1,466			2,168
Total Fixed Charges	$	29,012		$	76,998
Preferred dividends		389			240
Total Fixed Charges and Preferred Dividends	$	29,401		$	77,238
Ratio of Earnings to Fixed Charges		11.1x			—	(5)
Ratio of Earnings to Fixed Charges and Preferred Dividends		11.0x			—	(6)

(1) Adjusted to reflect the reclassification of accelerated amortization of deferred financing costs from interest expense to loss on early extinguishment of debt.

(2) Includes a $255.7 million gain on asset sale and a $22.5 million non-cash gain recognized on derivatives for the nine months ended September 30, 2011.

(3) Includes a non-cash gain recognized on derivatives of $21.1 million and a non-recurring cash derivative early termination expense of $22.4 million for the nine months ended September 30, 2010.

(4) Represents one-third of the total operating lease rental expense which is that portion deemed to be interest.

(5) The Partnership earnings were insufficient to cover its fixed charges by $29.2 million for this period.

(6) The Partnership earnings were insufficient to cover its fixed charges and preferred dividends by $29.5 million for this period.

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