Atlas Pipeline Partners, L.P. Announces First Quarter Distribution And Reporting Dates

PHILADELPHIA, April 22, 2014 /PRNewswire/ -- Atlas Pipeline Partners, L.P. (NYSE: APL) ("APL," "Atlas Pipeline," or the "Partnership") today announced the Board of Directors of APL has approved the 2014 first quarter distribution and management has set a date and time to provide further information and details on the financial and operational results for the first quarter of 2014. 

The Partnership has declared a quarterly cash distribution for the first quarter of 2014 of $0.62 per common limited partner unit, payable Thursday, May 15, 2014 to holders of record as of Thursday, May 8, 2014.  The Partnership is expecting to have coverage for the first quarter distribution of approximately 1.09x, which is in line with the Partnership's financial guidance.  APL is reiterating its 2014 distribution guidance, which expects APL to pay a minimum distribution of $0.65 per limited partner unit in conjunction with the fourth quarter results of 2014.

"We are pleased to announce the current distribution, a result of a solid first quarter.  Operational activity is increasing coming out of the winter season and we are poised to capture further growth from the large diverse operations we have.  We are excited to have significant capital projects coming online this year to serve our producer customers and significantly lift our margins," commented Eugene Dubay, Chief Executive Officer of the Partnership.

The Partnership is expecting to release its financial results for the first quarter 2014 after market hours on Monday, May 5, 2014 and interested parties are invited to access the live webcast of an investor call with management regarding the Partnership's first quarter 2014 results on Tuesday, May 6, 2014 at 10:00 am ET by going to the Investor Relations section of the Partnership's website at www.atlaspipeline.com.  An audio replay of the conference call will also be available beginning at 2:00 pm ET on Tuesday, May 6, 2014. To access the replay, dial 1-888-286-8010 and enter conference code 78833930.        

Atlas Pipeline Partners, L.P. (NYSE: APL) is active in the gathering and processing segments of the midstream natural gas industry.  In Oklahoma, southern Kansas, Texas, and Tennessee, APL owns and operates 14 active gas processing plants, 18 gas treating facilities, as well as approximately 11,200 miles of active intrastate gas gathering pipeline.  APL also has a 20% interest in West Texas LPG Pipeline Limited Partnership, which is operated by Chevron Corporation. For more information, contact [email protected].

Atlas Energy, L.P. (NYSE: ATLS) is a master limited partnership which owns all of the general partner Class A units and incentive distribution rights and an approximate 37% limited partner interest in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P. Additionally, Atlas Energy owns and operates the general partner of its midstream oil & gas subsidiary, Atlas Pipeline Partners, L.P., through all of the general partner interest, all the incentive distribution rights and an approximate 6% limited partner interest. For more information, contact Investor Relations at [email protected]. 

Certain matters discussed within this press release are forward-looking statements. Although Atlas Pipeline Partners, L.P. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained. Atlas Pipeline does not undertake any duty to update any statements contained herein (including any forward-looking statements), except as required by law. Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in commodity prices and local or national economic conditions and other risks detailed from time to time in Atlas Pipeline's reports filed with the SEC, including quarterly reports on Form 10-Q, current reports on Form 8-K and annual reports on Form 10-K.

SOURCE Atlas Pipeline Partners, L.P.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED