[1]Atlas Pipeline Holdings' primary objective is to increase cash distributions to its unitholders through growth at Atlas Pipeline Partners. Atlas Pipeline Partners has grown both through strategic acquisitions and internal growth projects. Since Atlas Pipeline Partners' initial public offering in January 2000, it has completed five acquisitions at an aggregate cost of approximately $521.1 million. Atlas Pipeline Partners' business strategy is to create capital-efficient growth in distributable cash flow to maximize its distributions to its unitholders by, among other things, (1) maximizing cash flows from its existing businesses through marketing of its services and facilities and controlling its operating costs; (2) continuing to increase the amount of its operating cash flow generated by long-term, fee-based contracts; (3) expanding its existing businesses through internal growth opportunities; (4) expanding its operations through strategic acquisitions; and (5) maintaining a flexible capital structure based on a strong balance sheet by financing its growth through a balanced combination of debt and equity.
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