This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Atlas Energy's CEO Discusses Q4 2011 Results - Earnings Call Transcript

Stocks in this article: ATLS

Just as with Atlas’ pipeline where we are enjoying a crescendo of growth in distribution through our IDRs and from our common units, the ownership of incentive distribution rights – these IDRs – in Atlas Resource Partners will become increasingly more valuable when and as the distributable cash flow of Atlas Resource Partners increases in the future. Most importantly, such gains at APL and at ARP will occur without ATLS shareholders themselves suffering any dilution through the issuance of new shares and without ATLS itself borrowing any monies.

Now, you may remember that in an October call, we had set forth our expectations for the new ARP and the benefits that we thought it would bring to its own unitholders and to ATLS’ unitholders. All this is on the verge of being realized. I know that some observers thought that we were being overly optimistic in suggesting that we could move within three to four months from concept to reality, but the SEC has been quite efficient and our Form 10 filing was declared effective on February 14. We are now in a position to reaffirm our initial expectation that in the first 12 months of operation, ARP will be able to distribute $1.60 to its unitholders.

As you will hear in more detail from Matt Jones shortly, our new Marcellus wells, although being connected slightly later than originally anticipated, these wells have shown even greater initial test production than anticipated and greater volume should largely compensate for any shortfall in realized prices as against initial projections. I should note that in addition to the final wells completed in cooperation with Chevron on our old acreage in southwestern Pennsylvania and now about to be turned on, we have already moved into new areas of the Marcellus in West Virginia and northeastern Pennsylvania, areas not covered by the Chevron restrictions which, in any event, expire partly in February 2013 and fully in February 2014; and we anticipate highly favorable results from these fresh initiatives.

Read the rest of this transcript for free on seekingalpha.com

3 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,030.21 +6.04 0.03%
S&P 500 2,081.88 -0.29 -0.01%
NASDAQ 4,773.4720 +8.0480 0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs