Atlas Energy, L.P. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter the company's total revenues were $522,102,000 against $364,627,000 for the same period a year ago. Operating income was $11,391,000 against $954,000 for the same period a year ago. Net loss before tax was $41,703,000 against $15,142,000 for the same period a year ago. Net loss attributable to common limited partners was $12,596,000 or $0.25 per basic and diluted share against $18,507,000 or $0.36 per basic and diluted share for the same period a year ago. Adjusted EBITDA was $16,027,000 against $14,918,000 for the same period a year ago. Distributable cash flow was $15,851,000 against $13,554,000 for the same period a year ago. Total net debt as on March 31, 2013 was $1,737,504,000. The company provided guidance for adjusted earnings before interest, taxes, depreciation and amortization (adjusted EBITDA) for full year 2014 of $450 million to $500 million, and full year 2014 distribution guidance of $2.75 to $2.85 per unit. Based on the forecasted earnings and cash flow to APL from the TEAK assets, the company expects to receive an additional $25 million to $40 million of annual distributable cash flow as the acquired assets grow and mature in the future, this represents approximately $0.45 to $0.75 per ATLS common unit of additional distributable cash flow on an annualized basis. For the year 2013, the company expects to see significant increase in production margin from both of these activities in the near term. For 2013, the company expects total capital expenditures of $175 million including approximately $26 million of maintenance capital consisting of approximately $145 million well drilling activities, including the investments in the partnership programs, and approximately $30 million for land leasing and other activities.

Atlas Energy, L.P. declared cash distribution for the quarter ended March 31, 2013. For the quarter, the company declared a cash distribution of $0.31 per limited partner unit, which represents a $0.01 per unit, or 3%, increase over the fourth quarter 2012, and a 24% increase over the prior year first quarter. The first quarter 2013 ATLS distribution will be paid on May 20, 2013 to holders of record as of May 6, 2013. The company confirmed its distribution guidance of $1.70 to $2.00 for full year 2013.

Atlas Energy, L.P, Q1 2013 Earnings Call, May 09, 2013