TMCnet News
Atlas Pipeline Partners Declares 2Q Distribution and Schedules Reporting Date [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) Atlas Pipeline Partners ("APL") Board of Directors has approved the 2014 second quarter distribution and management has set a date and time to provide further information and details on the financial and operational results for the second quarter of 2014. The Partnership noted that it has declared a quarterly cash distribution for the second quarter of 2014 of $0.63 per common limited partner unit, payable Thursday, August 14, to holders of record as of Thursday, August 7. The Partnership is expecting to have distributable cash flow coverage for the distribution of approximately 1.1x for the second quarter of 2014. "We are pleased to announce the current distribution, which is an increase from what was paid last quarter, and was in-line with our previously stated financial guidance. The Partnership has completed two new processing plants this quarter and plans on bringing into service another plant later this year. We expect that the increase in processing capacity and resulting volume growth will continue to facilitate the growth in our distributions," commented Eugene Dubay, CEO of the Partnership. The Partnership said that it is expecting to release its financial results for the second quarter 2014 after market hours on Monday, August 4, and interested parties are invited to access the live webcast of an investor call with management regarding the Partnership's second quarter 2014 results on Tuesday, August 5, at 10 am ET by going to the Investor Relations section of the Partnership's website at atlaspipeline.com. An audio replay of the conference call will also be available beginning at 2 pm ET on Tuesday, August 5. To access the replay, dial 1-888-286-8010 and enter conference code 62895511. Atlas Pipeline Partners, L.P. is active in the gathering and processing segments of the midstream natural gas industry. Atlas Energy, L.P. is a master limited partnership which owns all of the general partner Class A units and incentive distribution rights and an approximate 28 percent 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. More information: atlaspipeline.com atlasenergy.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |