EX-12.1 5 d88543a1ex12-1.txt COMPUTATION OF RATIOS OF EARNINGS TO FIXED CHARGES 1 EXHIBIT 12.1 PETROQUEST ENERGY, INC. COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES (IN THOUSANDS, EXCEPT RATIO AMOUNTS)
Quarter Ended Year Ended December 31, March 31, ---------------------------------------------------- 2001 2000 1999 1998 1997 1996 ------------------------------------------------------------------- Earnings (losses): Income (loss) before income taxes 6,574 9,074 (310) (16,167) (2,805) 204 Add: Fixed charges, less capitalized interest 466 78 -- 116 136 502 --------------------------------------------------------------- EARNINGS (LOSSES) AS ADJUSTED 7,040 9,152 (310) (16,051) (2,669) 706 =============================================================== Fixed charges: Interest costs, including capitalized interest 766 517 434 116 136 502 Interest component of rental expense 1 14 5 4 13 21 --------------------------------------------------------------- FIXED CHARGES 767 531 439 120 149 523 =============================================================== RATIO OF EARNINGS TO FIXED CHARGES (1) 9.18 17.24 N/A N/A N/A 1.35 ===============================================================
(1) For the years ended December 31, 1999, 1998 and 1997, earnings were insufficient to cover fixed charges by $749,000, $16,171,000 and $2,818,000, respectively.