Atlas Pipeline Partners, L.P. Reports Second Quarter 2011 Results

PHILADELPHIA--(BUSINESS WIRE)--Atlas Pipeline Partners, L.P. (NYSE: APL) (“APL”, “Atlas Pipeline”, or the “Partnership”) today reported adjusted earnings before interest, income taxes, depreciation and amortization (“Adjusted EBITDA”), of $43.5 million for the second quarter of 2011 as volumes and natural gas liquids (“NGL”) prices increased across all systems. Processed natural gas volumes totaled 538 million cubic feet per day, a 31% increase to the same period last year, and the weighted average NGL price was $1.25/gallon for the quarter, a 42% increase. For the second quarter of 2011, Distributable Cash Flow was $29.9 million, or $0.56 per average common limited partner unit. Net income was $8.8 million for the second quarter of 2011 compared with net income of $0.7 million for the prior year second quarter.