EX-99.5 6 efc.htm EARNINGS TO FIXED CHARGES efc.htm
Exhibit 99.5.  Ratio of Earnings to Fixed Charges

Regency Energy Partners LP
Ratio of Earnings to Fixed Charges
(in thousands, except for ratio amounts)
(Unaudited)


   
Regency Energy Partners LP
      
Regency LLC Predecessor
  
 
  Year Ended December 31, 2007
  
  Year Ended December 31, 2006
     Year Ended December 31, 2005      Period from Acquisition  December 1, 2004) to December 31, 2004    
 
  
Period from
January 1, 2004 to
November 30, 2004
 
  
Period from
Inception
(April 2, 2003) to
December 31, 2003
  
Earnings:
                                      
Income (loss) from continuing operations
 $
            (12,600
) 
 $
                  (7,244
) 
  $
     (11,592)
   $
                   1,474
    
$
20,137
   $
               6,174
  
Add:
                                      
Interest expense
  
                        52,016
    
                        37,182
    
                        17,880
    
                               1,335
      
                          5,097
    
                          2,392
  
Portion of rent under long-term operating leases representative of an interest factor
   477     574       477      43       468      190  
Amortization of capitalized interest
  
                             186
    
                             131
    
                                -
    
                                    -
      
                               -
    
                                -
  
Distributed income from investees accounted for under equity method
  
                                -
    
                                -
    
                                -
    
                                    -
      
                             280
    
                                -
  
Less:
                                      
Equity income
  
                             (43
)
  
                           (532
)  
  
                           (312
)  
  
                                  (56
) 
    
                               -
    
                                -
  
Total earnings available for fixed charges
 $
               40,036
    $
                30,111
    $
             6,453
    $
            2,796
    
$
25,982
   $
            8,756
  
                                       
Fixed Charges:
                                      
Interest expense
 $
                        52,016
   $
                        37,182
   $
                        17,880
  
$
                               1,335
      $
                          5,097
   $
                          2,392
  
Portion of rent under long-term operating leases representative of an interest factor
  
                             477
    
                             574
    
                             477
    
                                    43
      
                             468
    
                             190
  
Capitalized interest
  
                          1,754
    
                             511
    
                          2,613
    
                                    -
      
                               -
    
                                -
  
Total fixed charges
 $
     54,247
    $
 38,267
    $
     20,970
    $
                1,378
    
$
5,565
   $
     2,582
  
                                       
Ratio of earnings to fixed charges (x times) (1)
  
 -
    
 -
    
 -
    
                                 2.03
     4.67  
                            3.39
  
                                       
(1) Earnings were insufficient to cover fixed charges by:
 $
               14,211
    $
     8,156
    $
   14,517
    $
             -
    
$
-
   $
               -