Key Developments For Atlas Energy, Inc.
Atlas Energy, Inc. (ATLS.O) (Nasdaq)
Atlas Energy, Inc. Issues Q4 2009 EBITDA Outlook Below Analysts' Estimates; Reiterates FY 2009, 2010 Production Outlook
Atlas Energy, Inc. announced that for the fourth quarter of 2009, it expects to generate $68 million to $72 million of adjusted EBITDA. The Company continues to expect total production guidance of 37 to 37.5 billion cubic feet equivalents (Bcfe) for fiscal 2009, up approximately 7% from fiscal 2008, and between 45 and 50 Bcfe for fiscal 2010, up 28% at the midpoint compared to estimated 2009 production. Due to increasing Marcellus Shale production, the Company expects to exit fiscal 2009 with over 50 million cubic feet (Mmcf) per day of net production in Appalachia and expects this figure to more than double by the end of fiscal 2010. According to Reuters Estimates, analysts on an average were expecting the Company to report EBITDA of $83 million for the fourth quarter of 2009.
Atlas Energy, Inc. Reiterates FY 2009, FY 2010 Production Outlook
Atlas Energy, Inc. reiterated its production outlook and expects fiscal 2009 total production of 37-37.5 Bcfe and between 45-50 Bcfe for fiscal 2010.
Atlas America, Inc. Declares Cash Dividend of $0.05 per Share
Atlas America, Inc announced that its Board of Directors has declared a cash dividend of $0.05 per share of common stock, payable on February 19, 2009, to shareholders of record on February 9, 2009.
Atlas America, Inc. Declares Cash Dividend Of $0.05 per Share
Atlas America, Inc. announced that it has declared a cash dividend of $0.05 per share of common stock, payable on Wednesday, November 19, 2008, to shareholders of record on Monday, November 10, 2008.
Atlas America, Inc. Authorizes Buyback Of Shares
Atlas America, Inc. announced that its Board of Directors has authorized a repurchase program by the Company through which the Company may repurchase up to $50 million of its common stock.
