Atlas Energy Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, the company has reported loss from continuing operations before income tax provision of $10,602,000, net loss from continuing operations of $9,886,000 or $0.02 per diluted share compared to income from continuing operations before income tax provision of $225,543,000, net income from continuing operations of $211,896,000 or $0.56 per diluted share for the same period last year. Consolidated capital expenditures were $41,488,000 against $171,014,000 reported last year. For the quarter, the company also reported adjusted net income of $3,758,000 or $0.09 per diluted share against $9,864,000 or $0.23 per diluted share and pro forma adjusted net income of $8,011,000 or $0.10 per diluted share against $24,055,000 or $0.30 per diluted share reported in the same period last year. For the nine months, the company has reported income from continuing operations before income tax provision of $62,769,000, net income from continuing operations of $57,214,000 or $0.22 per diluted share compared to loss from continuing operations before income tax provision of $45,916,000, net loss from continuing operations of $58,204,000 or $0.51 per diluted share for the same period last year. Total net debt as on September 30, 2009 was $2,091,812,000 against $2,308,586 reported on December 31, 2008. Consolidated capital expenditures were $268,395,000 against $448,738,000 reported last year. For the nine months, the company also reported adjusted net income of $25,037,000 or $0.63 per diluted share against $30,739,000 or $0.73 per diluted share and pro forma adjusted net income of $51,077,000 or $0.65 per diluted share against $63,546,000 or $0.78 per diluted share reported in the same period last year.

Atlas Energy, Inc. reported un-audited consolidated earnings results for the third quarter and nine months ended September 30, 2009. For the quarter, net loss attributable tot common share holders was $714,000 or $0.02 loss per share on revenue of $367,184,000 compared to net loss attributable tot common share holders of $24,103,000 or $0.60 basic and diluted per share on revenue of $771,002,000 for the same period last year. Operating income was $37,152,000 against $262,874,000 of previous year period. Adjusted net income attributable to common shareholders per share basic was $0.09 compared to $0.25 for the same period a year ago. For the nine months ended September 30, 2009, net loss attributable tot common share holders was $13,297,000 or $0.34 basic and diluted per share on revenue of $1,145,264,000 compared to net loss attributable to common share holders of $22,754,000 or $0.57 basic and diluted per share on revenue of $1,583,473,000 for the same period last year. Operating income was $187,091,000 against $60,622,000 of previous year period. Adjusted net income attributable to common shareholders per share basic was $0.63 compared to $0.76 for the same period a year ago. The company expects to generate $68 million to $72 million of adjusted EBITDA in the fourth quarter 2009.

Atlas Energy Inc. appointed Richard D. Weber as the company's President. Edward E. Cohen, the Company's previous President, continues to serve as the company's Chairman and Chief Executive Officer. From 2006 until its merger with the Company, Mr. Weber, age 46, was President, Chief Operating Officer and a director of Atlas Energy Resources, LLC. Mr. Weber served from June 1997 until March 2006 as Managing Director and Group Head of the Energy Group of KeyBanc Capital Markets, a division of KeyCorp, and its predecessor, McDonald & Company Securities Inc. As part of his duties, he oversaw the bank's activities with oil and gas producers, pipeline companies and utilities.