Exhibit 12

CORENERGY INFRASTRUCTURE TRUST
RATIO OF EARNINGS TO FIXED CHARGES (Dollar amounts in thousands)



 
 
For the Six-Month Period Ended June 30, 2014
 
For the Years Ended
 
For the One-Month Transition Period Ended December 31, 2012
 
 
 
December 31, 2013
 
November 30, 2012
 
November 30, 2011
 
November 30, 2010
 
November 30, 2009
 
Earnings:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income before taxes (1)
 
$
7,146

 
$
8,919

 
$
19,578

 
$
3,805

 
$
19,440

 
$
265

 
$
(2,442
)
Adjustments Added:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges (see below)
 
1,646

 
3,288

 
81

 
37

 
46

 
628

 
416

Total Earnings
 
$
8,792

 
$
12,207

 
$
19,659

 
$
3,842

 
$
19,486

 
$
893

 
$
(2,026
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Fixed Charges:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Interest expense
 
$
1,646

 
$
3,288

 
$
81

 
$
37

 
$
46

 
$
628

 
$
416

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total Fixed Charges
 
$
1,646

 
$
3,288

 
$
81

 
$
37

 
$
46

 
$
628

 
$
416

Ratio of Earnings to Fixed Charges
 
5.34x

 
3.71x

 
242.70x

 
103.84x

 
423.61x

 
1.42x

 
(4.87
)x

(1) Excludes Net Income (Loss) attributable to non-controlling interest