Atlas Pipeline Partners, L.P. Reports Third 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 $49.7 million for the third quarter of 2011 as volumes and natural gas liquids (“NGL”) prices increased across all systems. Processed natural gas volumes totaled 567 million cubic feet per day, a 21% increase compared to the same period last year, and the weighted average NGL price was $1.27/gallon for the quarter, a 41% increase year-over-year. For the third quarter of 2011, Distributable Cash Flow was $37.3 million, or $0.70 per average common limited partner unit. Net income from continuing operations was $50.3 million for the third quarter of 2011 compared with net loss of $17.5 million for the prior year third quarter.