Last 14th of October 2014, it had been said that both the Atlas Energy and Atlas Pipeline entered into agreements to be acquired by the Targa Resources Corp. Now, the Atlas Energy is already a property of the Targa resources Corp. The Atlas Energy made a report regarding their performance for this fiscal year’s third quarter just like every other company out there.
On the 5th of November 2014, the Atlas Energy Group signed and filed a Form 10 registration statement with the Securities and Exchange Commission (SEC) of the United States of the America. Upon filing, the assets of the Atlas Energy as of the moment of the distribution are forecasted to consist a total of 100 percent of the general partner interest and complete incentive distribution right in the E&P subsidiary of the company while 80 percent in its E&P Development subsidiary and 16 percent in its Lightfoot Capital Partners.
For the third quarter of the fiscal year of 2014, the Atlas Energy has declared a cash distribution of $0.52 for every limited partner unit. The $0.52 per limited partner unit represents $0.06 for every share. This is a six percent increase compared to last year’s third quarter.