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Atlas Pipeline Partners LP Message Board

  • wiscman613 wiscman613 Jul 28, 2010 10:24 AM Flag

    Distributions to begin in 4th qtr 2010

    Per APL Press release................."In addition, we have reduced our commercial risk; and positioned our business to capitalize on fresh strategic and accretive growth projects going forward. Further, we will have established a sound financial approach regarding our unit distribution. Based on a successful close of the transaction and our current projections, we expect to resume distributions in the fourth quarter of 2010," added Dubay.

    Upon completion of the transaction, and based on current commodity prices, the Partnership believes it can achieve EBITDA between $160 million and $200 million in 2011; or distributable cash flow between $1.80 and $2.60 per unit. Further, based on considerable organic growth opportunities, Atlas Pipeline believes it can significantly grow its EBITDA over the next several years in excess of $350 million in 2014.

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