This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.Here is a sample of this item:Atlas Pipeline Holdings, L.P. Reports Third Quarter 2009 Results 2009-11-03 18:54 ET - News Release Also News Release (U-AHD) ATLAS PIPELINE HOLDINGS LP
PHILADELPHIA -- (Business Wire)
Atlas Pipeline Holdings, L.P. (NYSE:AHD) (the “Partnership”), the
parent of the general partner of Atlas Pipeline Partners, L.P.
(NYSE:APL) (“APL” or “Atlas Pipeline”) and its subsidiaries,today
reported its results for the third quarter 2009. The Partnership, which
owns the 2% general partner interest, all of the incentive distribution
rights, 5.8 million common and 15,000 $1,000 par value 12% preferred
limited partnership units of Atlas Pipeline, presents its financial
results consolidated with those of Atlas Pipeline.
On a GAAP basis, the Partnership had a net loss attributable to common
limited partners of $3.6 million for the third quarter 2009 compared
with income of $34.0 million for the prior year third quarter. The
decrease in net income attributable to common limited partners was
primarily due to non-cash derivative gains incurred in third quarter
2008 as a result of the decline in crude oil prices, compounded by lower
average commodity prices during the current period. Please see today’s
APL press release regarding its third quarter 2009 earnings for further
information regarding its results.
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