Exhibit 12

GULFPORT ENERGY CORPORATION

COMPUTATION OF RATIO OF EARNINGS (DEFICIT) TO FIXED CHARGES

The following table sets forth our ratios of earnings to fixed charges for the periods indicated. We have calculated the ratio of earnings to fixed charges by dividing the sum of income from continuing operations plus fixed charges by fixed charges. Fixed charges consist of interest expense. You should read these ratios in connection with our consolidated financial statements incorporated by reference into this prospectus. The financial measures used in this table may not be comparable to similarly titled financial measures used in our various agreements, including our secured revolving credit facility and the Indenture.

 

     Year Ended December 31,      For the Nine
Months Ended
September 30,
2014
 
     2013      2012      2011      2010      2009     
     (in thousands) (unaudited)  

Earnings

                 

Income from continuing operations

   $ 153,192       $ 71,836       $ 108,422       $ 47,363       $ 23,627       $ 137,330   

Interest expense

     17,490         7,458         1,400         2,761         2,309         11,993   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Income before fixed charges

$ 170,682    $ 79,294    $ 109,822    $ 50,124    $ 25,936    $ 149,323   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Fixed Charges

Interest expense

$ 17,490    $ 7,458    $ 1,400    $ 2,761      2,309    $ 11,993   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Total fixed charges

  17,490      7,458      1,400      2,761      2,309      11,993   
  

 

 

    

 

 

    

 

 

    

 

 

    

 

 

    

 

 

 

Earnings/fixed charge coverage ratio

  9.8      10.6      78.4      18.2      11.2      12.5