General | Quarterly / Earnings Reports
Atlas Underlines Increased Capacity at West OK, TX Systems
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Atlas Pipeline Partners L.P. reported adjusted earnings before interest, income taxes, depreciation and amortization, of $86.3 million for the second quarter of 2013, driven primarily by a continued increase in volumes across the Partnership's gathering and processing systems.
Processed natural gas volumes averaged 1,253 million cubic feet per day (MMCFD), an 84.0% increase over the second quarter of 2012. Distributable Cash Flow was $58.0 million for the second quarter of 2013, or $0.78 per average common limited partner unit, compared to $32.8 million for the prior year's second quarter. The Partnership recognized net income of $10.1 million for the second quarter of 2013, compared with net income of $74.9 million for the prior year's second quarter.
Adjusted EBITDA and Distributable…
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