Atlas Energy Group and Atlas Resource Partners receive notices regarding NYSE continued listing standards

Atlas Energy Group LLC (NYSE: ATLS) and Atlas Resource Partners LP (NYSE: ARP) received notices from the New York Stock Exchange (NYSE) on Jan. 7 and Jan. 12, respectively, that ATLS and ARP had fallen below the NYSE's continued listing standards relating to minimum average closing price of a security less than $1 over a consecutive 30-trading-day-period.

As required by NYSE procedures, ATLS and ARP will each submit an acknowledgement letter to the NYSE within 10 business days from the receipt of the NYSE notice of its intention to regain compliance with the listing standards within six months. 

To regain compliance, the companies must achieve a closing $1 unit price on both the last trading day of any calendar month within the six-month cure period and at least $1 average unit price over the 30 trading days preceding the end of that month.

During the six-month cure period, each of the companies’ units will continue to be listed and traded on the NYSE, subject to compliance with other NYSE continued listing standards.

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...