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Last $13.50 USD
Change Today +0.64 / 4.98%
Volume 50.3K
AMID On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 3:19 PM 08/27/15 All times are local (Market data is delayed by at least 15 minutes).

american midstream partners (AMID) Snapshot

Open
$13.01
Previous Close
$12.86
Day High
$14.14
Day Low
$13.01
52 Week High
09/17/14 - $30.99
52 Week Low
08/10/15 - $9.01
Market Cap
307.3M
Average Volume 10 Days
116.8K
EPS TTM
$-2.47
Shares Outstanding
22.8M
EX-Date
08/3/15
P/E TM
--
Dividend
$1.89
Dividend Yield
13.76%
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 Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Year 2015

American Midstream Partners LP reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $67,198,000 against $77,873,000 a year ago. Operating income was $1,867,000 against $734,000 a year ago. Net loss before income tax benefit was $1,685,000 against $946,000 a year ago. Net loss from continuing operations was $2,002,000 or $0.35 per basic and diluted share against $1,095,000 or $0.55 per basic and diluted share a year ago. Net loss attributable to the partnership was $2,065,000 against $1,667,000 a year ago. Limited partners' interest in net loss was $2,040,000 or $0.35 per basic and diluted share against $1,645,000 or $0.59 per basic and diluted share a year ago. Adjusted EBITDA was $14,515,000 against $6,786,000 a year ago. Distributable cash flow was $9,640,000 against $4,187,000 a year ago. The increase in net loss attributable to the Partnership was primarily attributable to non-cash losses from the disposal of a non-strategic asset. Growth capital expenditures were $38.8 million, primarily related to construction of the Lavaca System, Bakken system and Longview rail facility as well as the ongoing buildout of the Harvey terminal. For the six months, the company reported total revenue of $131,660,000 against $158,241,000 a year ago. Operating income was $5,302,000 against $3,184,000 a year ago. Net loss before income tax benefit was $693,000 against $399,000 a year ago. Net loss from continuing operations was $1,166,000 or $0.53 per basic and diluted share against $537,000 or $0.92 per basic and diluted share a year ago. Net loss attributable to the partnership was $1,238,000 against $1,267,000 a year ago. Limited partners' interest in net loss was $1,224,000 or $0.53 per basic and diluted share against $1,252,000 or $0.97 per basic and diluted share a year ago. Net cash provided by operating activities was $29,620,000 against $12,411,000 a year ago. Additions to property, plant and equipment were $79,734,000 against $13,229,000 a year ago. Adjusted EBITDA was $30,076,000 against $17,382,000 a year ago. Distributable cash flow was $21,332,000 against $10,681,000 a year ago. For the year 2015, the company expected adjusted EBITDA of $75 million to $80 million, distributable cash flow of $55 million to $60 million and growth capital expenditures of $115 million to $125 million, to reflect the delay in certain growth capital projects.

American Midstream Partners, LP Announces Dividend for the Second Quarter of 2015, Payable on August 14, 2015

American Midstream Partners, LP announced the second quarter 2015 distribution of $12.2 million, or $0.4725 per common unit, an increase of 2.2% per unit from the second quarter 2014 distribution, will be paid August 14, 2015 to unit holders of record as of August 5, 2015.

American Midstream Declares Quarterly Distribution Payable on August 14, 2015

American Midstream Partners, LP announced that the Board of Directors of its general partner declared a quarterly cash distribution of $0.4725 per common unit, or $1.89 per unit on an annualized basis. The second quarter 2015 distribution remains unchanged from the previous quarter and represents an increase of $0.01 per unit, or 2.2%, compared to the distribution for the second quarter 2014. The distribution will be paid August 14, 2015, to unit holders of record as of the close of business August 5, 2015, together with the general partner of American Midstream Partners, LP. The ex-dividend date is August 3, 2015.

 

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