Last $9.82 USD
Change Today +0.02 / 0.20%
Volume 542.7K
ARP On Other Exchanges
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Exchange
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As of 6:40 PM 03/2/15 All times are local (Market data is delayed by at least 15 minutes).

atlas resource partners lp (ARP) Snapshot

Open
$10.18
Previous Close
$9.80
Day High
$10.18
Day Low
$9.78
52 Week High
03/14/14 - $23.18
52 Week Low
01/20/15 - $7.66
Market Cap
838.5M
Average Volume 10 Days
769.4K
EPS TTM
$-0.60
Shares Outstanding
85.4M
EX-Date
03/6/15
P/E TM
--
Dividend
$1.30
Dividend Yield
23.86%
Current Stock Chart for ATLAS RESOURCE PARTNERS LP (ARP)

atlas resource partners lp (ARP) Related Businessweek News

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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. to Report Q4, 2014 Results on Mar 02, 2015

Atlas Resource Partners, L.P. announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 02, 2015

Atlas Resource Partners, L.P., Q4 2014 Earnings Call, Mar 02, 2015

Atlas Resource Partners, L.P., Q4 2014 Earnings Call, Mar 02, 2015

Atlas Resource Partners, L.P. Declares the January 2015 Cash Distribution, Payable on March 17, 2015; Obtains $250 Million Second Lien Financing Which Matures in 2020

Atlas Resource Partners, L.P. has announced that its board of directors has declared the January 2015 common unit cash distribution. ARP's Board of Directors declared a cash distribution for the month of January 2015 of $0.1083 per limited partner unit, or $1.30 on an annualized basis. The company expects a distribution coverage ratio of 1.2x – 1.4x for the full year 2015 at the current distribution level, assuming current forward strip prices for oil and natural gas. The January 2015 distribution is payable on March 17, 2015 to holders of record as of March 10, 2015. The company obtained $250 million in second lien financing which matures in 2020. The second lien will carry an effective annual interest rate of LIBOR + 9%, and will sit subordinate to the company's senior secured credit facility. The company expects to have pro forma liquidity of approximately $225 million as a result of the new financing and the amendment to its senior secured credit facility as described below. In order to provide additional financial flexibility as a result of the recent commodity price environment, the Company has reached an agreement with its institutional lending group to amend certain terms on ARP's senior secured credit facility. Revised the company's borrowing base from $900 million to $750 million; the next borrowing base redetermination will occur in July 2015. Established a Maximum Senior Secured Leverage covenant of 3.00x through year end 2016. The company's leverage ratio was approximately 3.6x for the fourth quarter 2014.

 

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Industry Analysis

ARP

Industry Average

Valuation ARP Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.2x
Price/Book 0.7x
Price/Cash Flow 4.4x
TEV/Sales NM Not Meaningful
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