<PAGE>

                     U.S. Securities and Exchange Commission
                             Washington, D.C. 20549
                                   Form 10-QSB
(Mark One)

[X]               QUARTERLY REPORT PURSUANT 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934
                  For the quarterly period ended March 31, 2002

[ ]            TRANSITION REPORT UNDER SECTION 13 OR 15(d) OF THE
                SECURITIES EXCHANGE ACT OF 1934 [No Fee Required]

                For the transition period from _______ to _______

                        Commission file number 333-62167

                  Atlas-Energy for the Nineties-Public #7 Ltd.
                 ----------------------------------------------
                 (Name of small business issuer in its charter)

               Pennsylvania                                25-1814688
     -------------------------------                   -------------------
     (State or other jurisdiction of                    (I.R.S. Employer
     incorporation or organization)                    Identification No.)

           311 Rouser Road
          Moon Township, PA                                   15108
----------------------------------------                    ----------
(Address of principal executive offices)                    (Zip code)

Issuer's telephone number, including area code:  (412) 262-2830

        Check whether the issuer (1) filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for such
shorter period that the registrant was required to file such reports), and (2)
has been subject to such filing requirements for the past 90 days.
Yes _X_  No___


<PAGE>


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)
                            INDEX TO QUARTERLY REPORT
                                  ON FORM 10QSB

PART I.       FINANCIAL INFORMATION PAGE

<TABLE>
<CAPTION>
<S>              <C>                                                                                                     <C>
Item 1.       Financial Statements

              Balance Sheets as of March 31, 2002 (Unaudited)
                and December 31, 2001...............................................................................      3

              Statements of Operations for the Three Months Ended March 31, 2002 and
                March 31, 2001 (Unaudited)..........................................................................      4

              Statement of Partners' Capital Accounts for the Three Months Ended March 31, 2002 (Unaudited).........      5

              Statements of Cash Flows for the Three Months Ended March 31, 2002 and
                March 31, 2001 (Unaudited)..........................................................................      6

              Notes to Financial Statements (Unaudited).............................................................      7

Item 2.       Management's Discussion and Analysis of Financial Condition
                and Results of Operations...........................................................................      9

Item 3.       Quantitative and Qualitative Disclosures About Market Risk............................................     11

PART II.      OTHER INFORMATION

Item 4.       Exhibits and Reports on Form 8-K......................................................................     12

SIGNATURES    ......................................................................................................     13

</TABLE>

                                       2
<PAGE>



                                     PART I


ITEM 1.          FINANCIAL STATEMENTS


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                                 BALANCE SHEETS
                   AS OF MARCH 31, 2002 AND DECEMBER 31, 2001

<TABLE>
<CAPTION>
                                                                                      March  31, 2002  December 31, 2001
                                                                                      ---------------  -----------------
                                                                                         (Unaudited)
<S>                                                                                          <C>                 <C>
ASSETS
Cash.............................................................................      $      167,300    $      23,800
Accounts receivable - affiliate..................................................             226,200          435,000
Unrealized hedging gains.........................................................                  --           14,900

Oil and gas wells and properties (successful efforts)............................          13,704,800       13,704,800
Less accumulated depletion and depreciation......................................          (9,577,600)      (9,459,600)
                                                                                       --------------    -------------
                                                                                            4,127,200        4,245,200
                                                                                       --------------    -------------
                                                                                       $    4,520,700    $   4,718,900
                                                                                       ==============    =============



LIABILITIES AND PARTNERS' CAPITAL
Accounts payable - affiliate.....................................................      $      129,800    $     129,800
Unrealized hedging losses........................................................              30,000               --

Partners' capital:
   Managing General Partner......................................................             729,200          766,800
   Limited Partners (1,200 units)................................................           3,661,700        3,807,400
   Accumulated other comprehensive income (loss).................................             (30,000)          14,900
                                                                                       ---------------   -------------
                                                                                            4,360,900        4,589,100
                                                                                       --------------    -------------
                                                                                       $    4,520,700    $   4,718,900
                                                                                       ==============    =============

</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       3
<PAGE>


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                      STATEMENTS OF OPERATIONS (Unaudited)
                   THREE MONTHS ENDED MARCH 31, 2002 AND 2001
<TABLE>
<CAPTION>

                                                                                            2002              2001
                                                                                            ----              ----
<S>                                                                                           <C>              <C>

REVENUES
Natural gas and oil..............................................................      $      275,800    $     619,900
Interest income..................................................................                 300            2,800
                                                                                       --------------    -------------
                                                                                              276,100          622,700
                                                                                       --------------    -------------

COSTS AND EXPENSES
Production expenses..............................................................              76,100           84,700
Depletion and depreciation of oil and gas properties.............................             118,000          150,200
General and administrative expenses..............................................              20,000           11,800
                                                                                       --------------    -------------
                                                                                              214,100          246,700
                                                                                       --------------    -------------

Net earnings.....................................................................      $       62,000    $     376,000
                                                                                       ==============    =============


Allocation of net earnings:

   Managing General Partner......................................................      $        8,000    $     131,600
                                                                                       ==============    =============

   Limited Partners..............................................................      $       54,000    $     244,400
                                                                                       ==============    =============

      Net earnings per limited partnership interest..............................      $           45    $         204
                                                                                       ==============    =============
</TABLE>

    The accompanying notes are an integral part of these financial statements

                                       4

<PAGE>



                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

               STATEMENT OF PARTNERS' CAPITAL ACCOUNTS (Unaudited)
                      FOR THREE MONTHS ENDED MARCH 31, 2002

<TABLE>
<CAPTION>
                                                                                             Accumulated
                                                               Managing                         Other
                                                                General         Limited     Comprehensive
                                                                Partner        Partners     Income (Loss)        Total
                                                             -------------   ------------- --------------- -------------
<S>                                                                <C>              <C>             <C>           <C>
Balance at January 1, 2002................................. $      766,800   $   3,807,400   $    14,900   $   4,589,100

Comprehensive income (loss):
   Participation in revenue and expenses:
     Net production revenues...............................         61,900         137,800            --         199,700
     Subordination of Managing General
      Partner's income.....................................        (30,400)         30,400            --              --
     Interest income.......................................            100             200            --             300
     Depletion and depreciation............................        (17,400)       (100,600)           --        (118,000)
     General and administrative............................         (6,200)        (13,800)           --         (20,000)
                                                            --------------   -------------   -----------   -------------
        Net earnings.......................................          8,000          54,000            --          62,000
   Change in fair value of cash flow hedges................             --              --       (44,900)        (44,900)
                                                                                                           --------------
   Comprehensive income....................................                                                       17,100
   Distributions to partners...............................        (45,600)       (199,700)           --        (245,300)
                                                            --------------   -------------   -----------   -------------
Balance at March 31, 2002.................................. $      729,200   $   3,661,700   $   (30,000)  $   4,360,900
                                                            ==============   =============   ============  =============
</TABLE>


    The accompanying notes are an integral part of these financial statements

                                       5
<PAGE>



                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                      STATEMENTS OF CASH FLOWS (Unaudited)
                 FOR THREE MONTHS ENDED MARCH 31, 2002 AND 2001

<TABLE>
<CAPTION>
                                                                                             2002            2001
                                                                                             ----            ----
<S>                                                                                           <C>             <C>
Cash flows from operating activities:
Net earnings.........................................................................  $       62,000    $     376,000
Adjustments to reconcile net earnings to net cash provided by operating activities:
   Depletion and depreciation:.......................................................         118,000          150,200
   (Increase) decrease in accounts receivable - affiliate............................         208,800         (163,300)
   (Decrease) in accounts payable and accrued liabilities............................              --           (7,700)
                                                                                       --------------    -------------

Net cash provided by operating activities............................................         388,800          355,200


Cash flows from financing activities:
Distributions to partners............................................................        (245,300)        (331,200)
                                                                                       --------------    -------------

Net cash used in financing activities................................................        (245,300)        (331,200)
                                                                                       --------------    -------------
Net increase in cash.................................................................         143,500           24,000
                                                                                       --------------    -------------

Cash at beginning of period..........................................................          23,800          247,100
                                                                                       --------------    -------------

Cash at end of period................................................................  $      167,300    $     271,100
                                                                                       ==============    =============

</TABLE>
    The accompanying notes are an integral part of these financial statements

                                       6
<PAGE>

                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS (Unaudited)
                 FOR THREE MONTHS ENDED MARCH 31, 2002 AND 2001

NOTE 1 - MANAGEMENT'S OPINION REGARDING INTERIM FINANCIAL STATEMENTS

         The financial statements of the Atlas - Energy for The Nineties -
Public #7 Ltd. (the Partnership) for the three months ended March 31, 2002 and
2001 are unaudited. Certain information and footnote disclosures normally
included in financial statements prepared in accordance with accounting
principles generally accepted in the United States of America have been
condensed or omitted in this Form 10-QSB pursuant to the rules and regulations
of the Securities and Exchange Commission. However, in the opinion of
management, these interim financial statements include all the necessary
adjustments to fairly present the results of the interim periods presented. The
unaudited interim financial statements should be read in conjunction with the
audited financial statements included in the Partnership's Form 10-KSB for the
calendar year ended December 31, 2001. The results of operations for the three
months ended March 31, 2002 may not necessarily be indicative of the results of
operations for the full calendar year ending December 31, 2002.

        Certain reclassifications have been made to the financial statements for
the three months ended March 31, 2001 to conform with the three months ended
March 31, 2002.

NOTE 2 - NEW ACCOUNTING STANDARD

         In July 2001, the Financial Accounting Standards Board issued SFAS No.
143, " Accounting for Asset Retirement Obligations". SFAS No. 143 requires
entities to record the fair value of a liability for an asset retirement
obligation in the period in which it is incurred and a corresponding increase in
the carrying amount of the related long-lived asset and will be effective for
fiscal years beginning after July 15, 2002. The Partnership is required to adopt
SFAS No. 143 effective January 1, 2003 and has not yet determined the impact of
this new accounting standard.

NOTE 3 - TRANSACTIONS WITH ATLAS AND ITS AFFILIATES

         The Partnership has entered into the following significant transactions
with Atlas Resources, Inc. (Atlas), the Managing General Partner, and its
affiliates as provided under the Partnership agreement:

         o  Administrative costs payable to Atlas at $75 per well per month.
            Administrative costs incurred in the three months ended March 31,
            2002 and 2001 were $12,400 and $11,800, respectively.

         o  Monthly well supervision fees payable to Atlas at $275 per well per
            month for operating and maintaining the wells. Well supervision fees
            incurred for the three months ended March 31, 2002 and 2001 were
            $44,900 and $45,600, respectively.

         o  Transportation fees paid to Atlas of $.29 per mcf. Transportation
            costs incurred for the three months ended March 31, 2002 and 2001
            were $21,300 and $29,800, respectively.

         o  As managing general partner, Atlas performs all administrative and
            management functions for the Partnership including billing revenues
            and paying expenses. Accounts receivable - affiliate on the balance
            sheet represents the net production revenues due from Atlas.

                                       7
<PAGE>


                 ATLAS-ENERGY FOR THE NINETIES - PUBLIC #7 LTD.
                      (A Pennsylvania Limited Partnership)

                    NOTES TO FINANCIAL STATEMENTS (Unaudited)
                 FOR THREE MONTHS ENDED MARCH 31, 2002 AND 2001

NOTE 4 - HEDGING ACTIVITIES

         Atlas enters into natural gas futures and option contracts to hedge the
partnership's exposure to changes in natural gas prices. At any point in time,
such contracts may include regulated New York Mercantile Exchange ("NYMEX")
futures and options contracts and non-regulated over-the-counter futures
contracts with qualified counter parties. NYMEX contracts are generally settled
with offsetting positions, but may be settled by the delivery of natural gas.
Although hedging provides Atlas and its affiliates, including the Partnership,
some protection against falling prices, these activities could also reduce the
potential benefits of price increases, depending upon the instrument. Atlas does
not hold derivative instruments for trading purposes.

         Effective January 1, 2001, the Partnership adopted Statement of
Financial Accounting Standards No. 133 ("SFAS 133") Accounting for Derivative
Instruments and Hedging Activities (as amended by SFAS 138). This statement
establishes accounting and reporting standards for derivative instruments and
hedging activities. The statement requires that all derivative financial
instruments are recognized in the financial statements as either assets or
liabilities measured at fair value. Changes in the fair value of derivative
financial instruments are recognized in income or other comprehensive income,
depending on their classification. Upon adoption of SFAS 133, the Partnership
recognized the unrealized loss on derivatives designated as cash flow hedges of
$84,000 at January 1, 2001 in accumulated other comprehensive income as a
cumulative effect of accounting change.

       At March 31, 2002, Atlas had natural gas futures and option contracts
covering approximately 70,000 dekatherms ("Dth") of the Partnership's gas
production maturing April 2002 through September 2003 at a combined average
price of $3.23 per Dth. As these contracts qualify and have been designated as
cash flow hedges, any gains or losses resulting from market price changes are
deferred and recognized as a component of sales revenues in the month the gas is
sold. Gains or losses on futures contracts are determined as the difference
between the contract price and a reference price, generally prices on NYMEX. The
Partnership's net unrealized loss related to open NYMEX contracts was $30,000 at
March 31, 2002. The unrealized loss of $30,000 at March 31, 2002 has been
recorded as a liability on the Partnership's 2002 Balance Sheet and in partners'
capital as accumulated other comprehensive income. As of March 31, 2002, $18,900
of the unrealized loss is expected to be reclassified to earnings during the
next 12 months. The Partnership recognized no losses for settled contracts
covering natural gas production for the three months ended March 31, 2002 and
2001. The Partnership recognized no gains or losses during the three months
ended March 31, 2002 for hedge ineffectiveness or as a result of the
discontinuance of cash flow hedges. The Partnership assesses the effectiveness
of its hedges based on changes in the derivates' intrinsic value.


                                       8

<PAGE>


ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS and RESULTS OF OPERATIONS
         (UNAUDITED)

Forward-Looking Statements

         WHEN USED IN THIS FORM 10-QSB, THE WORDS "BELIEVES" "ANTICIPATES"
"EXPECTS" AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING
STATEMENTS. SUCH STATEMENTS ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES MORE
PARTICULARLY DESCRIBED IN ITEM 1 OF THIS REPORT. THESE RISKS AND UNCERTAINTIES
COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY. READERS ARE CAUTIONED NOT TO
PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF
THE DATE HEREOF. WE UNDERTAKE NO OBLIGATION TO PUBLICLY RELEASE THE RESULTS OF
ANY REVISIONS TO FORWARD-LOOKING STATEMENTS WHICH WE MAY MAKE TO REFLECT EVENTS
OR CIRCUMSTANCES AFTER THE DATE OF THIS FORM 10-QSB OR TO REFLECT THE OCCURRENCE
OF UNANTICIPATED EVENTS.

         Management's Discussion and Analysis should be read in conjunction with
our Financial Statements and the notes to our Financial Statements.

Results of Operations

         The following table set forth information relating to revenues
recognized and costs and expenses incurred, daily production volumes, average
sales prices and production cost per equivalent unit during the periods
indicated:
<TABLE>
<CAPTION>
                                                                                               Three Months Ended
                                                                                      ---------------------------------
                                                                                      March 31, 2002     March 31, 2001
                                                                                      --------------     --------------
<S>                                                                                          <C>              <C>
Revenues (in thousands):
   Gas..........................................................................          $     276       $       620
   Oil..........................................................................          $      --       $        --
Production volumes:
   Gas (thousands of cubic feet (mcf)/day)......................................                850             1,141
   Oil (barrels (bbls)/day).....................................................                 --                --
Average sales price:
   Gas (per mcf)................................................................          $    3.60       $      6.03
   Oil (per bbl)................................................................          $      --       $        --
Production costs:
   As a percent of sales........................................................                 28%               14%
   Per equivalent mcf...........................................................          $     .99       $       .82

</TABLE>

                                       9
<PAGE>



         Net Earnings. During the three months ended March 31, 2002, we had net
earnings of $62,000 as compared with net earnings for the three months ended
March 31, 2001 of $376,000.

         Revenues. Our natural gas revenues were $275,800 for the three months
ended March 31, 2002, a decrease of $344,100 from $619,900 for the three months
ended March 31, 2001 due to a 56% ($249,600) decrease in the average sales price
of natural gas and a 26% ($94,500) decrease in production volumes.

         The decrease in gas production volumes results primarily from the
normal decline inherent in the life of a well. The impact of the lower gas
production was further impacted by a decrease in natural gas prices, which
decreased by $2.43 per Mcf to $3.60 per Mcf in 2002. Our revenues from our
natural gas sales will be affected by changes in natural gas prices which are
driven by market conditions.

         Expenses. Production expenses for the three months ended March 31, 2002
amounted to $76,100 compared to $84,700 for the three months ended March 31,
2001, a decrease of $8,600 (10%). This decrease is attributable to a decrease in
transportation expenses due to the lower production volumes.

         Depletion and depreciation of oil and gas properties as a percentage of
oil and gas revenues was 43% in the three months ended March 31, 2002 compared
to 24% for the three months ended March 31, 2001. This percentage change is
directly attributable to changes in our oil and gas reserve quantities, product
prices and reductions in the depletable cost basis of oil and gas properties.

         Liquidity and Capital Resources. At March 31, 2002 we had working
capital of $263,700 a decrease of $65,300 from $329,000 at December 31, 2001.
Cash increased $143,500 from December 31, 2001.

         There were no new material commitments for us to make capital
expenditures during the period and we do not expect any in the foreseeable
future. Any additional funds, if required will be obtained from production
revenues or borrowings from our managing general partner or its affiliates,
which are not contractually committed to make a loan. The amount that may be
borrowed may not at any time exceed 5% of our total subscriptions, and no
borrowings will be obtained from third parties.

         Recent Accounting Pronouncement. In July 2001, the Financial Accounting
Standards Board issued SFAS No. 143, " Accounting for Asset Retirement
Obligations". SFAS No. 143 requires entities to record the fair value of a
liability for an asset retirement obligation in the period in which it is
incurred and a corresponding increase in the carrying amount of the related
long-lived asset and will be effective for fiscal years beginning after July 15,
2002. The Partnership is required to adopt SFAS No. 143 effective January 1,
2003 and has not yet determined the impact of this new accounting standard.



                                       10



<PAGE>


ITEM 3.  QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

         The primary objective of the following information is to provide
forward-looking quantitative and qualitative information about our potential
exposure to market risks. The term "market risk" refers to the risk of loss
arising from adverse changes in interest rates and oil and gas prices. The
disclosures are not meant to be precise indicators of expected future losses,
but rather indicators of reasonable possible losses. This forward-looking
information provides indicators of how we view and manage our ongoing market
risk exposures. All of our market risk sensitive instruments were entered into
for purposes other than trading.

         Commodity Price Risk. Our major market risk exposure in commodities is
the pricing applicable to our oil and gas production. Realized pricing is
primarily driven by the prevailing worldwide price for crude oil and spot market
prices applicable to U.S. natural gas production. Pricing for oil and gas
production has been volatile and unpredictable for many years. We periodically
enter into financial hedging transactions with respect to a portion of our
projected gas production. These financial hedging transactions are intended to
reduce the impact of oil and gas price fluctuations. Realized gains and losses
from the settlement of these hedges are recognized in gas revenues when the
associated production occurs. The gains and losses realized as a result of
hedging are substantially offset in the market when the commodity is delivered.
We do not hold or issue derivative instruments for trading purposes.

         Effective January 1, 2001, we adopted Statement of Financial Accounting
Standards No. 133, "Accounting for Derivative Instruments and Hedging
Activities" (as amended by SFAS No. 138). As of March 31, 2002, we had gas
hedges in place covering 70,000 dekatherm maturing through September 2003. The
fair value of these hedges is a $30,000 liability at March 31, 2002 and is
included on our balance sheet and represents the estimated amount that would
have been realized had the hedges been terminated on that date. As these
contracts qualify and have been designated as cash flow hedges, gains and losses
on them resulting from market price changes are determined monthly and reflected
in accumulated other comprehensive income until the month in which the hedged
production is sold. At that time, the amount included in accumulated other
comprehensive income related to the sold production is closed to production
revenues. Gains or losses on open and closed hedging transactions are determined
as the difference between the contract price and a reference price, generally
closing prices on NYMEX.


                                       11
<PAGE>



                                    PART III

ITEM 4.           EXHIBITS AND REPORTS ON FORM 8-K

         We have not filed any reports on Form 8-K during the last quarter of
the period covered by this report.





                                       12
<PAGE>


                                   SIGNATURES


        In accordance with Section 13 or 15(d) of the Exchange Act, the
registrant caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

<TABLE>
<CAPTION>
<S>                                        <C>

Atlas-Energy for the Nineties-Public #7 Ltd.

By:  (Signature and Title):          Atlas Resources, Inc., Managing General Partner

By   (Signature and Title):
                                    -----------------------------------------------------
                                    Freddie M. Kotek, Chairman of the Board of Directors,
                                    Chief Executive Officer and President

Date:  May 15, 2002


        In accordance with the Exchange Act, this report has been signed by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.


By  (Signature and Title):
                                    -----------------------------------------------------
                                    Freddie M. Kotek, Chairman of the Board of Directors,
                                    Chief Executive Officer and President

Date:  May 15, 2002

By  (Signature and Title):
                                    --------------------------------------------------------
                                    Nancy J. McGurk, Vice President, Chief Financial Officer
                                    and Chief Accounting Officer
Date:  May 15, 2002
</TABLE>

                                       13
<PAGE>



                                  EXHIBIT INDEX

<TABLE>
<CAPTION>
                             Description                                         Location
                             -----------                                         ---------
<S>                               <C>                                                <C>
4(a)       Certificate of Limited Partnership for                                Previously filed in the Form
           Atlas-Energy for the Nineties-Public #7 Ltd.                          10-KSB for the period ending
                                                                                 December 31, 1998

4(b)       Amended and Restated Certificate and Agreement                        Previously filed in the Form
           of Limited Partnership for Atlas-Energy for the                       10-KSB for the period ending
           Nineties-Public #7 Ltd.                                               December 31, 1998

10(a)      Drilling and Operating Agreement with exhibits                        Previously filed in the Form
                                                                                 10-KSB for the period ending
                                                                                 December 31, 1998


</TABLE>
                                       14