Last $20.74 USD
Change Today +0.21 / 1.02%
Volume 772.3K
ARP On Other Exchanges
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As of 4:15 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

atlas resource partners lp (ARP) Snapshot

Open
$20.57
Previous Close
$20.53
Day High
$20.84
Day Low
$20.57
52 Week High
03/14/14 - $23.18
52 Week Low
11/19/13 - $18.78
Market Cap
1.6B
Average Volume 10 Days
461.5K
EPS TTM
$-1.22
Shares Outstanding
79.3M
EX-Date
07/2/14
P/E TM
--
Dividend
$2.32
Dividend Yield
11.19%
Current Stock Chart for ATLAS RESOURCE PARTNERS LP (ARP)

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atlas resource partners lp (ARP) Details

Atlas Resource Partners, L.P. operates as an independent developer and producer of natural gas, crude oil, and natural gas liquids in the United States. The company operates in three segments: Gas and Oil Production, Well Construction and Completion, and Other Partnership Management. As of December 31, 2013, it had ownership interests in approximately 620 wells in the Barnett Shale and Marble Falls play that are located in the Fort Worth Basin in Northern Texas; approximately 2,950 coal-bed methane producing natural gas wells, which are located in the Raton, Black Warrior, and County Line areas; and approximately 8,170 wells in the Marcellus Shale and the Utica Shale in the Appalachian basin. It also owned interests in the Mississippi Lime and Hunton plays, which are located in Northwestern Oklahoma; and the Chattanooga Shale in Northeastern Tennessee, the New Albany Shale in Southwestern Indiana, and the Niobrara Shale in Northeastern Colorado. The company had estimated proved reserves of 1,169 billion cubic feet equivalent. In addition, it sponsors and manages tax-advantaged investment natural gas and oil partnerships. The company was founded in 2011 and is headquartered in Pittsburgh, Pennsylvania. Atlas Resource Partners, L.P. is a subsidiary of Atlas Energy, L.P.

atlas resource partners lp (ARP) Top Compensated Officers

Chairman of Atlas Resource Partners GP LLC an...
Total Annual Compensation: $380.0K
President of Atlas Resource Partners GP LLC a...
Total Annual Compensation: $320.0K
Chief Financial Officer of Atlas Resource Par...
Total Annual Compensation: $157.5K
Senior Vice President of Corporate Developmen...
Total Annual Compensation: $330.0K
Compensation as of Fiscal Year 2013.

atlas resource partners lp (ARP) Key Developments

Atlas Resource Partners, L.P. Enters a Third Amendment to the Second Amended and Restated Credit Agreement

Atlas Resource Partners, L.P. entered into a third amendment to the second amended and restated credit agreement with Wells Fargo Bank, National Association, as administrative agent, and the lenders party thereto, which amendment amends the second amended and restated credit agreement dated July 31, 2013 among the Partnership as borrowers, the administrative agent and the lenders party thereto. The third amendment was entered into in connection with the acquisition by ARP Rangely Production, LLC, pursuant to a purchase and sale agreement with Merit Management Partners I, L.P., Merit Energy Partners III, L.P., and Merit Energy Company, LLC dated as of May 6, 2014. Among other things, the third amendment: increases the Borrowing Base to $825,000,000; if Borrowing Base Utilization is less than 25%, the Partnership incurs the applicable margin on Eurodollar loans of 1.50%, the applicable margin on alternative base rate loans of 0.50% and commitment fee rate of 0.375%; and revises the maximum ratio of Total Funded Debt to EBITDA to be (i) 4.50 to 1.0 as of the last day of the quarters ending on June 30, 2014, September 30, 2014 and December 31, 2014, (ii) 4.25 to 1.0 as of the last day of the quarter ending on March 31, 2015 and 4.00 to 1.0 as of the last day of each quarter thereafter.

Atlas Resource Partners, L.P. Completes Acquisition Of Low Decline Oil Properties In Northwest Colorado

Atlas Resource Partners, L.P. announced the completion of its previously announced acquisition of approximately 47 million barrels of oil equivalent reserves, including proved developed producing reserves of approximately 25 Mmboe, for $420 million. The acquired position is located in the Rangely field in northwest Colorado, a mature CO2 flood with low-decline oil production. The transaction has an effective date of April 1, 2014. The acquired assets are expected to provide ARP with a stable, high margin cash flow stream with a low-decline profile (average 3-4% annual decline rate over the past 15 years). The asset position is a tertiary oil recovery project using CO2 flood activity, and the production mix is predominantly oil at 90%, with the remainder coming from NGLs. ARP will have an approximate 25% non-operating net working interest in the assets, and Chevron Corporation will continue as operator. Material capital expenditures and growth projects are subject to ARP's approval.

Atlas Resource Partners, L.P. Declares Monthly Distribution for May 2014, Payable on July 15, 2014

Atlas Resource Partners, L.P. declared its monthly distribution for the month of May 2014 of $0.1933 per common unit. The May 2014 distribution is payable on July 15, 2014 to holders of record as of July 7, 2014.

 

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ARP

Industry Average

Valuation ARP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 2.4x
Price/Book 1.5x
Price/Cash Flow 15.9x
TEV/Sales 1.1x
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