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Atlas Ramps Up Volume in Q1; Highlights TEAK Acquisition
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Atlas Pipeline Partners L.P. reported adjusted earnings before interest, income taxes, depreciation and amortization, of $67.7 million for the first quarter of 2013, driven primarily by a continued increase in volumes across the Partnership's gathering and processing systems.
Highlights include: Adjusted EBITDA for first quarter 2013 was $67.7 million, a 32% increase year-over-year Average processed gas volumes exceeds 1 billion cubic feet per day (BCFD) in first quarter 2013 Distributable Cash Flow for first quarter 2013 of $43.5 million, a 23% increase year-over-year Previously announced distribution of $0.59 per common limited partner unit, a 5% increase year-over-year Atlas Pipeline recently announces transformative $1 billion acquisition of TEAK to enter Eagle Ford ShaleProcessed…
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