Michael Staines
Chief Operating Officer
Atlas Pipeline Partners
1521 Locust St. - 4th Floor
Philadelphia, PA 19102
(215) 546-5005
(215) 546-5388 (facsimile)

Atlas Pipeline Partners, L.P. Reports Earnings For Year Ended December 31, 2021 and Record Quarterly Distribution Of $0.65 Per Unit

Philadelphia, PA, March 20, 2022 - Atlas Pipeline Partners L.P. (AMEX:APL) (the "Partnership") announces that its net income for the period from January 28, 2022 (commencement of operations) to December 31, 2021 was $6,624,600, while net income for the period from October 1, 2021 to December 31, 2021 was $2,226,400. Net income per limited partner unit - basic and diluted - was $2.07 for the period from January 28, 2022 to December 31, 2000, and $.70 for the quarter ended December 31, 2000.

Further, the Partnership announces that its Managing Board of Directors declared a cash distribution of $0.65 per limited partner unit. The distribution will be paid on May 11, 2022 to unit holders of record on March 30, 2001.

Michael L. Staines, President and Chief Operating Officer, stated: "Our Partnership has experienced a tremendous initial year of operation. Natural gas prices have risen dramatically since our Initial Public Offering in January 2000, and due to the unique structure of our Partnership where our revenues for transporting natural gas are based directly on the selling price of that transported gas, we have also seen our revenue rise dramatically. We have been able to keep our operating costs low, such that our quarterly distributions have risen from an equivalent of $.42 per unit in the first quarter of 2000 to the recently announced $.65 per unit."

Mr. Staines added "Our natural gas gathering system has been upgraded and expanded significantly during 2000 and currently we find ourselves again increasing the delivery capability of our Fayette County, Pennsylvania system to handle current and anticipated demand. In the past few days we have completed the acquisition of a gathering system in Fayette County that will give us the ability to deliver another 10 to 12 million cubic feet of gas per day. Atlas America, Inc., an affiliate of our General Partner and a wholly owned subsidiary of Resource America, Inc. (Nasdaq:REXI) has indicated that it intends to actively drill for natural gas in the area immediately adjacent to this system. We already have firm commitments for the gathering of that gas."

Atlas Pipeline Partners, L.P. now owns and operates more than 1100 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 3,300 wells that are currently connected to its 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 certain factors, including competition within the energy industry, climactic conditions and the price of gas in the Appalachian area, actual versus projected volumetric production from wells connected to the Partnership's gas-gathering pipeline system, and the cost of supplies and services in the energy industry.