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Last $18.02 USD
Change Today +0.20 / 1.12%
Volume 20.7K
AMID On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

american midstream partners (AMID) Snapshot

Open
$17.66
Previous Close
$17.82
Day High
$18.25
Day Low
$17.62
52 Week High
08/11/14 - $32.01
52 Week Low
01/14/15 - $15.71
Market Cap
410.1M
Average Volume 10 Days
37.3K
EPS TTM
$-2.96
Shares Outstanding
22.8M
EX-Date
05/5/15
P/E TM
--
Dividend
$1.89
Dividend Yield
10.43%
Current Stock Chart for AMERICAN MIDSTREAM PARTNERS (AMID)

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american midstream partners (AMID) Details

American Midstream Partners, LP engages in gathering, treating, processing, and transporting natural gas, fractionating natural gas liquids (NGLs), and storing specialty chemical products in the Gulf Coast and Southeast regions of the United States. The company’s Gathering and Processing segment provides gathering, compression, treating, processing, fractionating, transportation, and sale of natural gas, NGL, and condensate to its customers. Its Transmission segment transports and delivers natural gas from producing wells, receipt points, or pipeline interconnects for shippers and other customers, which include local distribution companies, utilities and industrial, commercial, and power generation customers. The company’s Terminals segment provides above-ground storage services comprising crude oil, bunker fuel, distillates, chemicals, and agricultural products at its marine terminals that support various commercial customers, including commodity brokers, refiners and chemical manufacturers to store a range of products. It owns and operates 12 gathering systems, 5 processing facilities, 3 fractionation facilities, 3 interstate pipelines, 5 intrastate pipelines, and 4 marine terminal sites. The company also owns a 66.7% interest in Main Pass Oil Gathering, LP, a crude oil gathering and processing system, as well as a 50% undivided interest in the Burns Point Plant, a natural gas processing plant. Its primary assets are located in Alabama, Georgia, Louisiana, Maryland, Mississippi, North Dakota, Tennessee, and Texas, which provide infrastructure that links producers of natural gas, NGLs, condensate, and specialty chemicals to various intermediate and end-use markets. The company operates approximately 3,000 miles of pipelines; and 1.7 million barrels of storage capacity at 4 marine terminal sites. American Midstream GP, LLC serves as the general partner of the company. American Midstream Partners, LP was founded in 2009 and is headquartered in Denver, Colorado.

Founded in 2009

american midstream partners (AMID) Top Compensated Officers

Executive Chairman of American Midstream GP L...
Total Annual Compensation: --
Chief Financial Officer of American Midstream...
Total Annual Compensation: $535.0K
Chief Operating Officer of American Midstream...
Total Annual Compensation: $535.0K
Chief Executive Officer of Blackwater Midstre...
Total Annual Compensation: $590.0K
Chief Legal Officer of American Midstream GP ...
Total Annual Compensation: $395.0K
Compensation as of Fiscal Year 2014.

american midstream partners (AMID) Key Developments

American Midstream Partners, LP Presents at NAPTP 2015 MLP Investor Conference, May-21-2015

American Midstream Partners, LP Presents at NAPTP 2015 MLP Investor Conference, May-21-2015 . Venue: Hyatt Regency, Orlando, Florida, United States.

American Midstream Seeks Acquisitions

American Midstream Partners, LP (NYSE:AMID) announced that it will continue to pursue third-party acquisition opportunities that would be immediately accretive to the partnership and complement its midstream platform.

American Midstream Partners, LP Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Year 2015

American Midstream Partners, LP reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2015. For the quarter, the company reported revenue of $64.462 million against $80.368 million a year ago. Operating income was $3.434 million against $2.450 million a year ago. Net income before income tax benefit was $0.991 million against $0.547 million a year ago. Net income from continuing operations was $0.835 million against $0.558 Net income attributable to the company was $0.826 million against $0.400 million a year ago. Loss per basic and diluted share from continuing operations was $0.19 against $0.32 a year ago. Net loss per basic and diluted share was $0.19 against $0.32 a year ago. Net cash provided by operating activities was $9.102 million against $3.554 million a year ago. Additions to property. plant and equipment was $38.922 million against $3.928 million a year ago. Adjusted EBITDA was $15.561 million against $10.597 million a year ago. Distributable cash flow was $11.692 million against $6.495 million a year ago. The increase in Adjusted EBITDA was primarily related to the above-mentioned acquisitions as well as the benefit of the August 2014 acquisition of the Main Pass Oil Gathering System. The increase in net income attributable to the company was primarily attributable to the reasons for the increase in gross margin discussed above, partially offset by an incremental increase in direct operating expenses associated with the Costar Midstream and Lavaca System acquisitions. For the quarter, the company reported average throughput of 372.1 MMcf/d against 284.1 MMcf/d a year ago. Average plant inlet volume was 136.1 MMcf/d against 87.6 MMcf/d a year ago. Average gross NGL production was 269.1 Mgal/d against 38.6 Mgal/d a year ago. Average gross condensate production was 99.1 Mgal/d against 42.2 Mgal/d a year ago. The company's forecast for 2015 adjusted EBITDA and DCF remains unchanged in a range of $85 million to $95 million and $65 million to $75 million, respectively. The forecast includes the benefit of the anticipated acquisition of a 50% interest in Republic Midstream in the second half of 2015, and does not include the benefit of additional acquisitions, drop downs, or asset development projects the Partnership may pursue. The 2015 forecast also reflects current expectations of operational volumes and derivative instruments outstanding. Growth capital expenditures for 2015, which exclude capital expenditures for maintenance and acquisitions, are also unchanged in a range of $125 million to $135 million. Forecasted growth capital expenditures include construction of additional midstream infrastructure for the Lavaca system, construction of the Longview rail facility, construction of the Bakken crude oil gathering system, construction of the Midla-Natchez pipeline, the continued build-out of the Harvey Terminal, construction of the High Point lateral, and other organic growth projects.

 

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