PHILADELPHIA, April 23, 2014 /PRNewswire/ -- Atlas Energy, L.P. (NYSE: ATLS) ("ATLS" or "the Company") today announced that its Board of Directors has declared a quarterly distribution for the first quarter 2014 and that the Company has also has also established the timing of the release of its first quarter 2014 financial and operating results.
ATLS has declared a distribution of $0.46 per common unit for the first quarter 2014. This $0.46 per common unit distribution represents an approximate 48% increase from the first quarter 2013 distribution of $0.31 per common unit. The first quarter 2014 distribution is payable Tuesday, May 20, 2014 to holders of record as of Wednesday, May 7, 2014. ATLS also reiterates its previously stated 2014 distribution guidance range of $1.95 to $2.45 per common unit.
Edward E. Cohen, Chief Executive Officer of ATLS, stated, "We continue to benefit from our strong operations at both of our subsidiaries, both of which are situated in areas with tremendous future opportunities. We expect further increases in cash flow from newly constructed processing facilities at Atlas Pipeline, as well as expanded production from Atlas Resource's attractive development areas, all of which provide substantial future value for ATLS stakeholders."
ATLS will release results for the first quarter 2014 on Wednesday, May 7, 2014 after market hours, and invites investors and other interested parties to listen to the live webcast of its quarterly conference call on Thursday, May 8, 2014, at 9:00am ET.
This call is being webcast live and can be accessed by investors and other interested parties from the Investor Relations section of Atlas Energy's website at www.atlasenergy.com. For those unavailable to listen to the live broadcast, the replay of the webcast will be available following the live call on the website and telephonically beginning at 12:00p.m. ET on May 8, 2014 by dialing 855-859-2056, passcode: 30755727.
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 34% 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, please visit our website at www.atlasenergy.com, or contact Investor Relations at InvestorRelations@atlasenergy.com.
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Contact:
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Brian Begley
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Vice President - Investor Relations
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(877) 280-2857
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(215) 405-2718 (fax)
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SOURCE Atlas Energy, L.P.