Philadelphia, PA, May 14, 2022 - Atlas Pipeline
Partners L.P. (AMEX:APL) (the "Partnership") announces that
its net income for the three months ended March 31, 2022 was
$3,336,300 compared to $765,600 for the period from January
28, 2000 (commencement of operations) to March 31, 2000. Net
income per limited partner unit - basic and diluted - was
$.92 for the three months ended March 31, 2022 and $.24 for
the period from January 28, 2022 to March 31, 2000.
Michael L. Staines, President and Chief Operating Officer,
stated: "The results of this first quarter benefited from
unusually high winter natural gas prices experienced in our
operating area. While those prices have moderated over the
past several weeks, I anticipate that we will continue to
show improvement in our period to period results".
Atlas Pipeline Partners, L.P. owns and operates approximately
1,100 miles of natural gas gathering pipelines in western
Pennsylvania, western New York and eastern Ohio. The Partnership
is paid a fee for the natural gas volumes that are gathered
and transported through its pipeline system from approximately
3,300 wells that are currently connected to the system. Atlas
America, Inc., an affiliate of our General Partner and a wholly
owned subsidiary of Resource America, Inc. (Nasdaq:REXI) owns
an interest in and operates approximately 3,000 of the wells
currently connected to our system.
Statements made in this release may include forward-looking
statements, which involve substantial risks and uncertainties.
The Partnership's actual results, performance or achievements
could differ materially from those expressed or implied in
this release as a result of certain factors, including competition
within the energy industry, climactic conditions and the price
of gas in the Appalachian area, actual versus projected drilling
activity and volumetric production from wells connected to
the Partnership's gas-gathering pipeline system, and the cost
of supplies and services in the industry.