Atlas Pipeline Partners, L.P on Termination of Certain Hedge Contractsadmin
Atlas Pipeline Partners, L.P, has recently recently released a report saying that it anticipated increase in distributable cash flow per unit guidance after 1.3x coverage of $2.00 to $2.20 per unit for the second half of 2008. The mid point of the guidance range represents a 14% increase compared to cash distributions paid in the second half of 2007 after 1.2x coverage. In addition, APL affirms full year 2009 guidance of $4.25 to $4.50 of distributable cash flow per unit after 1.3x coverage. APL will provide a review of second quarter operating results and an update of ongoing growth initiatives on its upcoming quarterly earnings call scheduled for August 1, 2008.
Atlas Pipeline Partners, L.P. is active in the transmission, gathering and processing segments of the midstream natural gas industry. In the Mid-Continent region of Oklahoma, Arkansas, northern and western Texas and the Texas panhandle, the Partnership owns and operates eight gas processing plants and a treating facility, as well as approximately 7,900 miles of active intrastate gas gathering pipeline and a 565-mile interstate natural gas pipeline. In Appalachia, it owns and operates approximately 1,600 miles of natural gas gathering pipelines in Pennsylvania, Tennessee, New York and Ohio.
Atlas Pipeline Partners, L.P. Brian Begley Investor Relations 215-546-5005 215-553-8455 (fax)
Source: Atlas Pipeline Partners, L.P.