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Atlas Pipeline Partners provides operational and financial update


Published Oct 16, 2013
Atlas Pipeline Partners, L.P.

Atlas Pipeline Partners, L.P. announced that the Partnership is providing an operational and financial update and has announced its third quarter earnings reporting date and subsequent conference call date and time. Management expects to release third quarter results on November 4, 2013 and discuss third quarter results on a conference call on November 5, 2013 at 10:00 am Eastern Time.

Operational Update

Volumes have continued to increase across all five gathering and processing systems since the end of the second quarter. Current processable volumes are in excess of 1.4 billion cubic feet per day, an increase of over 100 million cubic feet per day ("MMCFD") compared to the Partnership's second quarter reported results. Growth capital spending continues to track $450 million for 2013, as organic expansion projects continue across all gathering and processing systems, including expected 2014 expansions at Arkoma (120 MMCFD), SouthTX (200 MMCFD), and WestTX (200 MMCFD). It is important to note that the below references to volumes and utilization rates at all gathering and processing systems are as of the time of this release, and may not represent the average volumes reported for the entire third quarter of 2013. Normal disclosure of third quarter results can be found on the upcoming earnings press release, scheduled to be disseminated on November 4, 2013.

Tags: Atlas Pipeline Partners




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