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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
June 30,
 
Six Months Ended
June 30,
 
 
2015
 
2014
 
2015
 
2014
Earnings:
 
 
 
 
 
 
 
 
Income (loss) before income taxes
 
$
(547,725
)
 
$
(522,145
)
 
$
(474,525
)
 
$
(531,285
)
Adjustments:
 
 
 
 
 
 
 
 
Fixed charges
 
73,488
 
 
73,034
 
 
(212,748
)
 
142,394
 
Income (loss) from equity investees
 
(1,943
)
 
749
 
 
(2,850
)
 
884
 
Amortization of capitalized interest
 
71
 
 
71
 
 
140
 
 
286
 
Capitalized interest
 
3
 
 
—
 
 
3
 
 
—
 
 
 
$
(476,106
)
 
$
(448,291
)
 
$
(689,980
)
 
$
(387,721
)
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
Interest expense
 
$
72,386

 
$
71,012

 
$
149,092

 
$
135,974

Loss (gain) on early extinguishment of debt
 

—

 
 
218

 
 
(364,153
)
 
 
2,022

Portion of rental expense representative of interest
 
1,099
 
 
1,804
 
 
2,310
 
 
4,398
 
Capitalized interest
 
3
 
 
—
 
 
3
 
 
—
 
 
 
$
73,488

 
$
73,034

 
$
(212,748
)
 
$
142,394

 
 
 
 
 
 
 
 
 
Ratio of earnings to fixed charges
 
N/A(1)
 
N/A(1)
 
3.24
 
N/A(1)


(1)
The ratio of earnings to fixed charges was less than one-to-one for the three months ended June 30, 2015 and June 30, 2014, and for the six months ended and June 30, 2014. Additional earnings of $549,594, $521,325 and $530,115, respectively, would be needed to have a one-to-one ratio of earnings to fixed charges.