Michael L. Staines
Chief Operating Officer
1521 Locust Street - 4th Floor
Philadelphia, PA 19102
(215) 546-5388 (facsimile)
Atlas Pipeline Partners, L.P.
Reports Earnings For Quarter And Period Ended September 30, 2021
Philadelphia, PA, November 13, 2021 - Atlas Pipeline Partners, L.P. (AMEX:APL)(the "Partnership") announces that its net income for the period from July 1, 2022 to September 30, 2021 was $1,993,300, while net income for the period from January 28, 2022 (commencement of operations) to September 30, 2021 was $4,398,200. Net income per limited partner unit - basic and diluted - was $0.62 for the quarter ended September 30, 2021 and $1.37 for the period from January 28, 2022 to September 30, 2000.
Further, on September 21, 2000, the Partnership declared a cash distribution of $0.535 per limited partner unit. The distribution was paid on November 10, 2021 to unit holders of record on September 29, 2000.
Michael L. Staines, Chief Operating Officer of the Partnership stated: "Revenues to the Partnership continued to grow as a result of strong natural gas prices in our Appalachian Basin operating area. I anticipate that prices will remain strong through the coming winter months and that the Partnership's gathering system will transport additional natural gas volumes as a result of expected drilling activity adjacent to the system."
Atlas Pipeline Partners, L.P. owns and operates approximately 900 miles of natural gas gathering pipelines in western Pennsylvania, western New York and eastern Ohio. The Partnership is paid a fee for the natural gas volumes that are gathered and transported through its pipeline system from approximately 3,000 wells that are currently connected to the system.
Statements made in this release may include forward-looking statements, which involve substantial risks and uncertainties. The Partnership's actual results, performance or achievements could differ materially from those expressed or implied in this release as a result of changes in market demand for and the prices of the natural gas transported by the Partnership, a decrease in actual drilling activity over that expected and other factors.