General | Quarterly / Earnings Reports | Third Quarter (3Q) Update | Deals - Acquisition, Mergers, Divestitures
Atlas Pipeline Sees Gains Ahead of Proposed Merger with Targa
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Atlas Pipeline Partners, L.P. reported adjusted earnings before interest, income taxes, depreciation and amortization, of $106.6 million for the third quarter of 2014. Processed natural gas volumes averaged 1,566 million cubic feet per day, a 14% increase over the third quarter of 2013.
Highlights: Adjusted EBITDA for third quarter 2014 was $106.6 million, a 27% increase year-over-year Distributable Cash Flow for third quarter 2014 was $74.6 million, a 47% increase year-over-year Previously announced growth of quarterly distribution to $0.64 per common limited partner unit, at approximately 1.2x coverage Processed gas volumes of approximately 1.57 billion cubic feet per day (BCFD) in third quarter 2014 Partnership expands company-wide processing capacity to approximately 2.0 BCFD with…Finish this article — free account or subscription
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