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Exhibit 12.1




Alpha Natural Resources, Inc. and Subsidiaries
Computation of Ratio of Earnings to Fixed Charges
(Amounts in thousands except ratio)

 
 
Three Months Ended
March 31,
 
 
2015
 
2014
Earnings:
 
 
 
 
Income (loss) before income taxes
 
$
73,200

 
$
(9,140
)
Adjustments:
 
 
 
 
Fixed charges
 
442,248
 
 
65,757
 
Income (loss) from equity investees
 
(907
)
 
135
 
Amortization of capitalized interest
 
69
 
 
215
 
Capitalized interest
 
—
 
 
—
 
 
 
$
514,610

 
$
56,967

 
 
 
 
 
Fixed Charges:
 
 
 
 
Interest expense
 
$
76,706

 
$
64,962

Gain (loss) on early extinguishment of debt
 
364,153
 
 
(1,804
)
Portion of rental expense representative of interest
 
1,389
 
 
2,599
 
Capitalized interest
 
—
 
 
—
 
 
 
$
442,248

 
$
65,757

 
 
 
 
 
Ratio of earnings to fixed charges
 
1.16
 
N/A(1)


(1)
The ratio of earnings to fixed charges was less than one-to-one for the three months ended March 31, 2014. Additional earnings of $8,790 would be needed to have a one-to-one ratio of earnings to fixed charges.