This Day On The Street
Continue to site
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

Atlas Energy, L.P. Reports Operating And Financial Results For The Third Quarter 2012

Atlas Energy, L.P. (NYSE: ATLS) (“Atlas Energy” or “ATLS”) today reported operating and financial results for the third quarter 2012.
  • ATLS declared a cash distribution of $0.27 per limited partner unit for the third quarter 2012. The third quarter 2012 distribution represents a $0.02 per unit increase, or 8%, over the second quarter 2012 and a 13% increase over the prior year quarter. The third quarter 2012 ATLS distribution is payable November 19, 2012 to holders of record as of November 5, 2012.
  • Atlas Energy’s E&P subsidiary, Atlas Resource Partners, L.P. (NYSE: ARP), reached record average net production of 96.3 Mmcfed for the third quarter 2012, a 54% increase from the sequential quarter and over a 175% increase from the prior year quarter.
  • In September 2012, ARP acquired the following for approximately $40 million from Equal Energy, Ltd. (NYSE: EQU), its joint venture partner in the Mississippi Lime formation in Oklahoma: the remaining 50% interest in Equal’s approximately 8,500 net undeveloped acres in the core of the oil & liquids rich Mississippi Lime play in northwestern Oklahoma, approximately 8 Mmcfe/d of net production in the Mississippi Lime region and substantial salt water disposal infrastructure. ARP now controls approximately 20,000 net acres in the play and plans to add a second rig by the end of 2012.
  • Atlas Pipeline Partners, L.P. (NYSE: APL), Atlas Energy’s midstream subsidiary, announced record processing volumes at each of its systems, reaching a total of 769.0 Mmcfd and natural gas liquids (NGL) production of 56,363 bpd for the third quarter 2012.

Edward E. Cohen, Chief Executive Officer of Atlas Energy, stated, “ATLS's success reflects the success of both of its subsidiaries --- ARP and APL. ARP is achieving record production and benefitting from its recent acquisitions. APL is rapidly and successfully expanding organically. As a result, ATLS is anticipating near-term substantial increases in distributable cash flow.”

1 of 4

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

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
Stocks Under $10

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

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
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $95.18 1.60%
FB $117.44 -0.95%
GOOG $692.33 -0.84%
TSLA $232.12 -4.00%
YHOO $36.02 -1.40%


Chart of I:DJI
DOW 17,750.91 -140.25 -0.78%
S&P 500 2,063.76 -17.67 -0.85%
NASDAQ 4,764.5850 -53.0090 -1.10%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs