Exhibit 12.1

GULFPORT ENERGY CORPORATION

COMPUTATION OF RATIO OF EARNINGS (DEFICIT) TO FIXED CHARGES

(unaudited)

 

    Year Ended December 31,     For the Nine
Months Ended
September 30,
2013
 
    2012     2011     2010     2009     2008    

EARNINGS

           

Income (loss) from continuing operations

  $ 71,836,000      $ 108,422,000      $ 47,363,000      $ 23,627,000      $ (184,502,000   $ 128,914,000   

Interest expense

    7,458,000        1,400,000        2,761,000        2,309,000        4,762,000        9,365,000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Income before fixed charges

    79,294,000        109,822,000        50,124,000        25,936,000        (179,740,000     138,279,000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

FIXED CHARGES

           

Interest expense

    7,458,000        1,400,000        2,761,000        2,309,000        4,762,000        9,365,000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Total fixed charges

    7,458,000        1,400,000        2,761,000        2,309,000        4,762,000        9,365,000   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Earnings/fixed charge coverage ratio

    10.6        78.4        18.2        11.2        NM     14.8   
 

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

 

* Not meaningful.