Atlas Pipeline Holdings turns to profit in Q3

Atlas Pipeline Holdings L.P. (AHD) reported third-quarter net income of $34.06 million, compared to a net loss of $3.14 million last year. Earnings attributable to common limited partners were $1.21 per unit, compared to loss attributable to common limited partners of $0.12 per unit in the previous year.

Quarterly total revenues increased to $582.13 million from $242.30 million a year earlier. Natural gas and liquids revenues were $404.18 million, higher than $229.89 million in the year ago quarter.

AHD closed Tuesday's regular trade at $12.00, up $0.25 or 2.13%, on a volume of 102 thousand shares.

by RTTNews Staff Writer

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