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Atlas Pipeline Partners Posts Increase in Third Quarter Distribution [Professional Services Close - Up](Professional Services Close - Up Via Acquire Media NewsEdge) Atlas Pipeline Partners reported the Board of Directors of APL has approved the 2014 third quarter distribution and management has set a date and time to provide further information and details on the financial and operational results for the third quarter of 2014. According to a release from the company, the Partnership has declared a quarterly cash distribution for the third quarter of 2014 of $0.64 per common limited partner unit, payable Friday, November 14, to holders of record as of Monday, November 10. The Partnership is expecting to have distributable cash flow coverage for the distribution of approximately 1.2x for the third quarter of 2014. "We are pleased to increase the distribution for the third quarter, which is not only at a higher level than the previous quarter, but also with increased distribution coverage. As we continue to invest in our assets and serve all of our customer's growth plans, cash flows should continue to increase to the benefit of all stakeholders," commented Eugene Dubay, Chief Executive Officer of the Partnership. The Partnership is expecting to release its financial results for the third quarter 2014 after market hours on Monday, November 3, and interested parties are invited to access the live webcast of an investor call with management regarding the Partnership's third quarter 2014 results on Tuesday, November 4, at 10 am ET by going to the Investor Relations section of the Partnership's website. An audio replay of the conference call will also be available beginning at 3 pm ET on Tuesday, November 4. To access the replay, dial 1-888- 286-8010 and enter conference code 29166064. More information: www.atlaspipeline.com ((Comments on this story may be sent to [email protected])) (c) 2014 ProQuest Information and Learning Company; All Rights Reserved. |