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Exhibit 12.1

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,
 
 
2017
 
2016 (2)
 
2015 (2)
 
2014 (1)
 
2013
 
 
 
 
 
 
 
 
 
Earnings:
 
 
 
 
 
 

 
 
 
 
Pre-tax income (loss)
 
$
114,508

 
$
(43,557
)
 
$
(29,937
)
 
$
160,304

 
$
65,000

Add: Loss (gain) from equity investee
 
(1,868
)
 
(814
)
 
(8
)
 
98

 
—

Add: Interest expense
 
82,459

 
52,724

 
43,538

 
14,031

 
5,216

Add: Estimate of interest within rental expense
 
359

 
312

 
309

 
156

 
83

Total earnings
 
$
195,458

 
$
8,665

 
$
13,902

 
$
174,589

 
$
70,299

 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
82,459

 
$
52,724

 
$
43,538

 
$
14,031

 
$
5,216

Estimate of interest within rental expense
 
359

 
312

 
309

 
156

 
83

Total fixed charges
 
$
82,818

 
$
53,036

 
$
43,847

 
$
14,187

 
$
5,299

 
 
 
 
 
 
 
 
 
 
 
Ratio of Earnings to Fixed Charges
 
2.36
 
0.16
 
0.32
 
12.31
 
13.27

(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.