Atlas Resource Partners, L.P. announced unaudited consolidated earnings and production results for the fourth quarter and full year ended December 31, 2015. For the quarter, average net daily production was 249.5 million cubic feet equivalent per day (Mmcfed), approximately 16% lower than 296,571 reported in the prior year comparable quarter. The decrease in net production from the prior year quarter was due primarily to the sale of Non-Operated interest in the County Line CBM Field in Wyoming effective October 1st as well as shutting in high volume Marcellus wells in Lycoming County, Pennsylvania for over half of the quarter.

For the full year, average net daily production was 266.4 Mmcfed, as compared to 281.5 Mmcfed average for full year 2014.

For the quarter, the company reported total revenues of $142,424,000 against $194,701,000 a year ago. Operating loss was $260,791,000 against $560,231,000 a year ago. Net loss attributable to common limited partners and the general partner were $293,013,000 or $2.81 per basic and diluted share against $585,499,000 or $7.04 per basic and diluted share a year ago. Net loss was $288,724,000 against $579,530,000 a year ago. Adjusted EBITDA, a non-GAAP measure, was $57.8 million, compared to $82.7 million for the prior year comparable quarter. The decrease from the prior quarter was primarily due to the shortfall of funds raised within 2015 Eagle Ford drilling partnership program. Distributable cash flow, a non-GAAP measure, was $20.7 million, or approximately $0.20 per common unit, compared to $49.5 million for the prior year comparable quarter. The net loss for the fourth quarter 2015 was principally generated by non-cash expenses, specifically depreciation and amortization and an asset impairment charge on certain oil and gas properties due to recent declines in forward commodity prices.

For the year, the company reported total revenues of $740,033,000 against $701,654,000 a year ago. Operating loss was $705,502,000 against $543,075,000 a year ago. Net loss attributable to unit holders'/owner's interests were $825,285,000 or $8.63 per basic and diluted share against $626,355,000 or $8.37 per basic and diluted share a year ago. Total net debt as on December 31, 2015 was $1,533,129,000 against $1,379,213,000 as on December 31, 2014. Net loss was $808,816,000 against $607,088,000 a year ago. Adjusted EBITDA was $261.5 million, compared to full year 2014 Adjusted EBITDA of $295.1 million. The decrease in Adjusted EBITDA compared to the prior year quarter and full year 2014 was due to declines in production volume and commodity prices during the respective periods, and the shortfall of funds raised within 2015 Eagle Ford drilling partnership program. Distributable cash flow was $108.3 million, compared to full year 2014 distributable cash flow of $207.8 million.

The company reported asset impairment of $294,389,000 for the fourth quarter of 2015 against $573,774,000 a year ago.