Exhibit 12
GULFPORT ENERGY CORPORATION
COMPUTATION OF RATIO OF EARNINGS (DEFICIT) TO FIXED CHARGES
(unaudited)
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Year Ended December 31, |
For the Three Months Ended March 31, 2013 |
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| 2012 | 2011 | 2010 | 2009 | 2008 | ||||||||||||||||||||
| EARNINGS |
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| Income (loss) from continuing operations |
$ | 71,836,000 | $ | 108,422,000 | $ | 47,363,000 | $ | 23,627,000 | $ | (184,502,000 | ) | $ | 44,559,000 | |||||||||||
| Interest expense |
7,458,000 | 1,400,000 | 2,761,000 | 2,309,000 | 4,762,000 | 3,479,000 | ||||||||||||||||||
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| Income before fixed charges |
79,294,000 | 109,822,000 | 50,124,000 | 25,936,000 | (179,740,000 | ) | 48,038,000 | |||||||||||||||||
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| FIXED CHARGES |
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| Interest expense |
7,458,000 | 1,400,000 | 2,761,000 | 2,309,000 | 4,762,000 | 3,479,000 | ||||||||||||||||||
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| Total fixed charges |
7,458,000 | 1,400,000 | 2,761,000 | 2,309,000 | 4,762,000 | 3,479,000 | ||||||||||||||||||
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| Earnings/fixed charge coverage ratio |
10.6 | 78.4 | 18.2 | 11.2 | NM | * | 13.8 | |||||||||||||||||
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| * | Not meaningful. |