Atlas Pipeline Partners, L.P. Reports Third Quarter 2008 Results.
Business Wire › November 05, 2008
Linked as:
Business Wire › November 05, 2008
Linked as:Extract
Atlas Pipeline Partners, L.P. Reports Third Quarter 2008 Results.
PHILADELPHIA -- Atlas Pipeline Partners, L.P. (NYSE:APL) ("APL" or the "Partnership") today reported financial results for the third quarter 2008.
The results of the third quarter 2008 include: * Adjusted EBITDA(1), a non-GAAP measure, of $79.8 million, representing an increase of $13.4 million or 20% when compared with $66.4 million for the prior year third quarter. The quarter-over-quarter results were favorably impacted by higher aggregate processing and natural gas liquids ("NGL") volumes on its systems and higher commodity prices. A reconciliation of non-GAAP measures, including adjusted EBITDA, distributable cash flow, and adjusted net income, is provided within the financial tables of this release; * Distributable cash flow, a non-GAAP measure, of $56.7 million, an increase of $11.0 million or 24%,...See the full content of this document
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