Atlas Growth Partners, L.P.

CIK:0001572702|SEC Filings

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Revenues:
Total revenues	$ 1,030	$ 335	$ 2,001	$ 1,336
Costs and expenses:
Gas and oil production	379	308	629	742
General and administrative	299	656	663	783
General and administrative – affiliate	570	748	1,140	1,570
Depreciation, depletion and amortization	126	165	257	594
Asset impairment				4,020
Total costs and expenses	1,374	1,877	2,689	7,709
Net loss	(344)	(1,542)	(688)	(6,373)
Allocation of net loss attributable to common limited partners and the general partner:
Common limited partners’ interest	(337)	(1,511)	(674)	(6,246)
General partner’s interest	$ (7)	$ (31)	$ (14)	$ (127)
Net loss attributable to common limited partners per unit:
Basic and Diluted	$ (0.01)	$ (0.06)	$ (0.03)	$ (0.27)
Weighted average common limited partner units outstanding:
Basic and Diluted	23,300	23,300	23,300	23,300
Natural Gas
Revenues:
Revenues	$ 12	$ 10	$ 42	$ 23
Oil
Revenues:
Revenues	967	307	1,854	1,262
NGLs
Revenues:
Revenues	$ 51	$ 18	$ 105	$ 51

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (688)	$ (6,373)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation, depletion and amortization	257	594
Asset impairment		4,020
Changes in operating assets and liabilities:
Accounts receivable, prepaid expenses and other	(406)	78
Advances to/from affiliates		486
Accounts payable and accrued liabilities	1,016	352
Net cash provided by (used in) operating activities	179	(843)
Net change in cash and cash equivalents	179	(843)
Cash and cash equivalents, beginning of period	1,380	2,239
Cash and cash equivalents, end of period	$ 1,559	$ 1,396

CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2021	Dec. 31, 2020
Current assets:
Cash and cash equivalents	$ 1,559	$ 1,380
Accounts receivable	934	669
Prepaid expenses and other	224	83
Total current assets	2,717	2,132
Property, plant and equipment, net	4,534	4,782
Total assets	7,251	6,914
Current liabilities:
Accounts payable	593	623
Accrued liabilities	3,375	2,329
Total current liabilities	3,968	2,952
Asset retirement obligations	244	235
Commitments and contingencies (Note 5)
Partners’ Capital:
General partner’s interest	(3,987)	(3,973)
Common limited partners’ interests	3,890	4,564
Common limited partners’ warrants	3,136	3,136
Total partners’ capital	3,039	3,727
Total liabilities and partners’ capital	$ 7,251	$ 6,914