PITTSBURGH, April 23, 2014 /PRNewswire/ -- Atlas Resource Partners, L.P. (NYSE: ARP) ("ARP" or "the Company") today announced that the Board of Directors of ARP declared its monthly distribution for the month of March 2014 and that the Company has also established the timing of the release of its first quarter 2014 financial and operating results.
ARP has declared a monthly cash distribution for March 2014 of $0.1933 per common unit ($2.32 on an annualized basis). The March 2014 distribution is payable Thursday, May 15, 2014 to holders of record as of Wednesday, May 7, 2014. ARP also reiterates it's previously stated 2014 distribution guidance of $2.40 to $2.60 per common unit.
Matthew A. Jones, President of ARP, stated, "We are pleased to declare our most recent monthly distribution, as we prepare our business for future growth. We continue to make significant progress in all of our areas of production, and our asset portfolio has never been better positioned to capitalize on additional opportunities to expand our operations and increase cash flow."
ARP will release results for the first quarter 2014 on Wednesday, May 7, 2014 after market hours, and invites investors and other interested parties to listen to the live webcast of its quarterly conference call on Thursday, May 8, 2014, at 9:00am ET.
This call is being webcast live and can be accessed by investors and other interested parties from the Investor Relations section of Atlas Resource Partners' website at www.atlasresourcepartners.com. For those unavailable to listen to the live broadcast, the replay of the webcast will be available following the live call on the website and telephonically beginning at 12:00p.m. ET on May 8, 2014 by dialing 855-859-2056, passcode: 30755727.
Atlas Resource Partners, L.P. (NYSE: ARP) is an exploration & production master limited partnership which owns an interest in over 13,000 producing natural gas and oil wells, located primarily in Appalachia, the Barnett Shale (TX), the Raton Basin (NM) and Black Warrior Basin (AL). ARP is also the largest sponsor of natural gas and oil investment partnerships in the U.S. For more information, please visit our website at www.atlasresourcepartners.com, or contact Investor Relations at [email protected].
Atlas Energy, L.P. (NYSE: ATLS) is a master limited partnership which owns all of the general partner Class A units and incentive distribution rights and an approximate 34% limited partner interest in its upstream oil & gas subsidiary, Atlas Resource Partners, L.P. Additionally, Atlas Energy owns and operates the general partner of its midstream oil & gas subsidiary, Atlas Pipeline Partners, L.P., through all of the general partner interest, all the incentive distribution rights and an approximate 6% limited partner interest. For more information, please visit our website at www.atlasenergy.com, or contact Investor Relations at [email protected].
SOURCE Atlas Resource Partners, L.P.