Philadelphia, PA, September 20, 2021 - Atlas Pipeline Partners, L.P. (AMEX:APL)(the "Partnership") announces that the Managing Board of Directors of its General Partner has declared a quarterly distribution for the period ending September 30, 2021 in the amount of $.60 per common unit – an increase of 12% over the $.535 per common unit distribution for the quarter ended September 30, 2000.
The distribution will be paid on November 9, 2021 to unit holders of record at the close of business on September 28, 2001.
Atlas Pipeline Partners, L.P. owns and operates more than 1,200 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 3,400 wells that are currently connected to the system.
Resource America, Inc. (Nasdaq:REXI), through its wholly owned subsidiary, Atlas America, Inc., is the owner of the Partnership’s general partner and a 50.3% owner of the Partnership’s common units. Atlas America, Inc., owns an interest in and operates approximately 3,300 of the wells currently connected to the Partnership’s 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.