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Atlas Pipeline Holdings, L.P. Reports Third Quarter 2010 Results

^{Published on 2010-11-09 15:05:41 - Market Wire}
 

PHILADELPHIA--([ BUSINESS WIRE ])--Atlas Pipeline Holdings, L.P. (NYSE: AHD) (the aPartnershipa), the parent of the general partner of Atlas Pipeline Partners, L.P. (NYSE: APL) (aAPLa or aAtlas Pipelinea) and its subsidiaries,today reported its results for the quarter ended September 30, 2010. The Partnership, which at September 30, 2010 owned a 1.9% general partner interest, all of the incentive distribution rights, and 5.8 million common units of Atlas Pipeline, presents its financial results consolidated with those of Atlas Pipeline.

"We are pleased to resume the distribution for AHD unit holders in the third quarter of this year at an initial level of $0.05 per common unit. We look forward to continue to yield positive results for the Partnership in the future"

On a GAAP basis, the Partnership had net income attributable to common limited partners of $34.4 million for the third quarter of 2010 compared with a net loss of $3.6 million for the prior year third quarter. The increased earnings were primarily due to the $311.5 million gain on sale of discontinued operations, or $38.6 million net of non-controlling interest in the current period. Please see todaya™s APL press release regarding its 2010 third quarter earnings for further information regarding its results. On October 18, 2010, the Partnership declared a distribution for the third quarter of 2010 of $0.05 per common limited partner unit, to holders of record on November 8, 2010, and to be paid on November 16, 2010.

aWe are pleased to resume the distribution for AHD unit holders in the third quarter of this year at an initial level of $0.05 per common unit. We look forward to continue to yield positive results for the Partnership in the future,a stated Eugene Dubay, Chief Executive Officer of the Partnership.

Interested parties are invited to access the live webcast of an investor call with management regarding Atlas Pipelinea™s third quarter 2010 results on Tuesday, November 9, 2010 at 11:00 am ET by going to the home page of Atlas Pipelinea™s website at [ www.atlaspipelinepartners.com ]. An audio replay of the conference call will also be available beginning at 2:00 pm ET on Tuesday, November 9, 2010. To access the replay, dial 1-888-286-8010 and enter conference code 51004679.

Atlas Pipeline Holdings, L.P. (NYSE: AHD) is a limited partnership which owns and operates the general partner of Atlas Pipeline Partners, L.P., through which it owns a 1.9% general partner interest, all the incentive distribution rights and approximately 5.8 million common limited partner units of Atlas Pipeline Partners, L.P. (NYSE: APL).

Atlas Pipeline Partners, L.P. (NYSE: APL) is active in the gathering and processing segments of the midstream natural gas industry. In the Mid-Continent region of Oklahoma, southern Kansas, and northern and western Texas, APL owns and operates five active gas processing plants as well as approximately 8,300 miles of active intrastate gas gathering pipeline. In Appalachia, APL is a 49% joint venture partner with Williams in Laurel Mountain Midstream, LLC, which manages a natural gas gathering system focused on the Marcellus Shale in southwestern Pennsylvania. For more information, visit the Partnership's website at [ www.atlaspipelinepartners.com ] or contact [ IR@atlaspipeline.com ].

Atlas Energy, Inc. (NASDAQ: ATLS) is one of the largest independent natural gas producers in the Appalachian and Michigan Basins, and a leading producer in the Marcellus Shale in Pennsylvania. Atlas Energy is also the countrya™s largest sponsor and manager of tax-advantaged energy investment partnerships. Atlas Energy controls and has a substantial economic interest in Atlas Pipeline Partners, L.P. (NYSE: APL) and Atlas Pipeline Holdings, L.P. (NYSE: AHD). For more information, please visit [ www.atlasenergy.com ], or contact Investor Relations at [ InvestorRelations@atlasenergy.com ].

Certain matters discussed within this press release are forward-looking statements.Although Atlas Pipeline Holdings, L.P. believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurance that its expectations will be attained.We do not undertake any duty to update any forward-looking statement except as required by law.Factors that could cause actual results to differ materially from expectations include general industry considerations, regulatory changes, changes in commodity prices and local or national economic conditions and other risks detailed from time to time in the Partnershipa™s reports filed with the SEC, including quarterly reports on Form 10-Q, reports on Form 8-K and annual reports on Form 10-K.