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ARPPQ.PFD (Atlas Resource Partners LP) Net-Net Working Capital : $0.00 (As of Sep. 2017)


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What is Atlas Resource Partners LP Net-Net Working Capital?

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full. In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. This is a conservative way of estimating the company's value.

Atlas Resource Partners LP's Net-Net Working Capital for the quarter that ended in Sep. 2017 was $0.00.

The industry rank for Atlas Resource Partners LP's Net-Net Working Capital or its related term are showing as below:

ARPPQ.PFD's Price-to-Net-Net-Working-Capital is not ranked *
in the Oil & Gas industry.
Industry Median: 5.19
* Ranked among companies with meaningful Price-to-Net-Net-Working-Capital only.

Atlas Resource Partners LP Net-Net Working Capital Historical Data

The historical data trend for Atlas Resource Partners LP's Net-Net Working Capital can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Atlas Resource Partners LP Net-Net Working Capital Chart

Atlas Resource Partners LP Annual Data
Trend Dec09 Dec10 Dec11 Dec12 Dec13 Dec14 Dec15 Dec16
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Atlas Resource Partners LP Quarterly Data
Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17
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Competitive Comparison of Atlas Resource Partners LP's Net-Net Working Capital

For the Oil & Gas E&P subindustry, Atlas Resource Partners LP's Price-to-Net-Net-Working-Capital, along with its competitors' market caps and Price-to-Net-Net-Working-Capital data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Atlas Resource Partners LP's Price-to-Net-Net-Working-Capital Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Atlas Resource Partners LP's Price-to-Net-Net-Working-Capital distribution charts can be found below:

* The bar in red indicates where Atlas Resource Partners LP's Price-to-Net-Net-Working-Capital falls into.


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Atlas Resource Partners LP Net-Net Working Capital Calculation

Atlas Resource Partners LP's Net-Net Working Capital (NNWC) per share for the fiscal year that ended in Dec. 2016 is calculated as

Net-Net Working Capital(A: Dec. 2016 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(24.446+0.75 * 33.728+0.5 * 0-888.775
--0.145-0)/0
=N/A

Atlas Resource Partners LP's Net-Net Working Capital (NNWC) per share for the quarter that ended in Sep. 2017 is calculated as

Net-Net Working Capital(Q: Sep. 2017 )
=(Cash, Cash Equivalents, Marketable Securities+0.75 * Accounts Receivable+0.5 * Total Inventories-Total Liabilities
-Preferred Stock-Minority Interest)/Shares Outstanding (EOP)
=(21.581+0.75 * 25.2+0.5 * 0-605.486
-0-0)/0
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In calculating the Net-Net Working Capital (NNWC), Benjamin Graham assumed that a company's accounts receivable is only worth 75% its value, its inventory is only worth 50% of its value, but its liabilities have to be paid in full.

In addition, Graham believed that preferred stock belongs on the liability side of the balance sheet, not as part of capital and surplus. In "Security Analysis", preferred stock is dubbed "an imperfect creditorship position" that is best placed on the balance sheet alongside funded debt.

This is a conservative way of estimating the company's value.


Atlas Resource Partners LP  (OTCPK:ARPPQ.PFD) Net-Net Working Capital Explanation

One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham's strategy produced similar results.

Benjamin Graham looked for companies whose market values were less than two-thirds of their net-net value. They are collected under our Net-Net screener.


Atlas Resource Partners LP Net-Net Working Capital Related Terms

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Atlas Resource Partners LP Business Description

Traded in Other Exchanges
N/A
Address
425 Houston Street, Suite 300, Fort Worth, TX, USA, 76102
Titan Energy LLC is an exploration and production company. It is focused on acquiring and developing oil and gas assets with operations in basins across the United States with a focus on the development of Eagle Ford Shell basin from South Texas. The firm also sponsors and manages drilling partnerships to finance its operations. It has Gas and Oil Production, Well Construction & Completion and Other partnership segments. The company derives the majority of its revenue from Gas and Oil production segment.
Executives
Christopher Kenneth Walker officer: Chief Operating Officer 425 HOUSTON STREET, FORT WORTH TX 76102
Steven J Pully director 9800 RICHMOND AVE, SUITE 700, HOUSTON TX 77042
Foxfields Funding Llc 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Michael C. Forman 10 percent owner CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Zachary Klehr 10 percent owner C/O FRANKLIIN SQUARE CAPITAL PARTNERS, CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104
Fs Investment Corp Ii 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Fsic Ii Advisor, Llc 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Gso Energy Market Opportunities Fund Lp 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Gso Energy Market Opportunities Associates Llc 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Gerald Stahlecker 10 percent owner CIRA CENTRE, 2929 ARCH STREET, SUITE 675, PHILADELPHIA PA 19104-2867
Fsic Iii Advisor, Llc 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Michael C Watchorn director NES RENTALS HOLDINGS INC, 8770 W BRYN MAWR, CHICAGO IL 60631
Gso / Blackstone Debt Funds Management Llc 10 percent owner C/O GSO CAPITAL PARTNERS LP, 345 PARK AVE., NEW YORK NY 10154
Fs Energy & Power Fund 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112
Fs Investment Advisor, Llc 10 percent owner 201 ROUSE BOULEVARD, PHILADELPHIA PA 19112

Atlas Resource Partners LP Headlines