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RSP Permian, Inc.
Computation of Ratio of Earnings to Fixed Charges
(In thousands, except ratios)

 
 
RSP Permian, Inc.
 
 
 
Predecessor
 
 
Year Ended December 31,
 
 
 
Year Ended December 31,
 
 
2016
 
2015
 
2014 (1)
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 

 
 
 
 
 
 

Pre-tax income (loss)
 
$
(43,557
)
 
$
(29,937
)
 
$
160,304

 
$
65,000

 
$
35,569

Add: Loss (gain) from equity investee
 
$
(814
)
 
$
(8
)
 
$
98

 
$
—

 
$
—

Add: Interest expense
 
$
52,724

 
$
43,538

 
$
14,031

 
$
5,216

 
$
3,474

Add: Estimate of interest within rental expense
 
$
312

 
$
309

 
$
156

 
$
83

 
$
79

Total earnings
 
$
8,665

 
$
13,902

 
$
174,589

 
$
70,299

 
$
39,122

 
 
 
 
 
 
 
 
 
 
 
Fixed charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
52,724

 
$
43,538

 
$
14,031

 
$
5,216

 
$
3,474

Estimate of interest within rental expense
 
$
312

 
$
309

 
$
156

 
$
83

 
$
79

Total fixed charges
 
$
53,036

 
$
43,847

 
$
14,187

 
$
5,299

 
$
3,553

 
 
 
 
 
 
 
 
 
 
 
Ratio of earnings to Fixed Charges(2)
 
0.16
 
0.32
 
12.31
 
13.27
 
11.01

(1) Represents RSP Permian, Inc.'s predecessor's historical financial data for the first 22 days plus RSP Permian, Inc.'s historical financial data for the remainder of the year.
(2) Earnings in the year ended December 31, 2015 were insufficient by $29.9 million to cover fixed charges. Earnings in the year ended December 31, 2016 were insufficient by $44.4 million to cover fixed charges.