Atlas Energy Q2 Loss Widens

(RTTNews) - Atlas Energy, L.P. (ATLS) reported a net loss attributable to common limited partners of $8.2 million or $0.16 per unit for the second quarter, compared to a net loss attributable to common limited partners of $7.6 million or $0.15 per unit for the year-ago quarter.

Total revenue for the second quarter rose to $643.80 million from $363.04 million a year ago.

ATLS declared a cash distribution of $0.44 per limited partner unit for the second quarter 2013, which represents a $0.13 per unit, or 42%, increase over the first quarter 2013, and a 76% increase over the prior year second quarter. The second quarter 2013 ATLS distribution will be paid on August 19, 2013 to holders of record as of August 6, 2013.

ATLS confirmed its distribution guidance of $1.70 to $2.00 per unit for full year 2013, as well as distribution guidance of $2.50 to $2.80 per unit for full year 2014.