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Last $18.69 USD
Change Today -0.26 / -1.37%
Volume 261.8K
AMID On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/4/15 All times are local (Market data is delayed by at least 15 minutes).

american midstream partners (AMID) Snapshot

Open
$19.10
Previous Close
$18.95
Day High
$19.42
Day Low
$18.16
52 Week High
08/11/14 - $32.01
52 Week Low
01/14/15 - $15.71
Market Cap
425.3M
Average Volume 10 Days
78.4K
EPS TTM
$-3.02
Shares Outstanding
22.8M
EX-Date
05/5/15
P/E TM
--
Dividend
$1.89
Dividend Yield
10.06%
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 Declares Quarterly Cash Distribution, Payable on May 15, 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 first 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 first quarter 2014. The distribution will be paid May 15, 2015, to unitholders of record as of the close of business May 7, 2015, together with the general partner of American Midstream Partners, LP. The ex-dividend date is May 5, 2015.

American Midstream Partners, LP Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2014; Provides Earnings Guidance for the Year 2015

American Midstream Partners, LP reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported total revenue of $80,177,000 against $76,770,000 a year ago. Operating loss was $91,633,000 against loss of $2,592,000 a year ago. Net loss before income tax benefit was $93,964,000 against $4,925,000 a year ago. Net loss from continuing operations was $94,261,000 or $4.98 per basic and diluted share against $5,019,000 or $1.43 per basic and diluted share a year ago. Net loss attributable to the partnership was $94,297,000 or $4.98 per basic and diluted share against $5,641,000 or $1.43 per basic and diluted share a year ago. Adjusted EBITDA was $19,179,000 against $10,505,000 a year ago. The increase in gross margin for the three and twelve months ended December 31, 2014 was primarily due to higher gross margin in the Partnership's Gathering and Processing segment from the January 2014 acquisition of the Lavaca System and the October 2014 acquisition of Costar Midstream, higher gross margin in the Partnership's Transmission segment as a result of the full-year benefit of the April 2013 acquisition of the High Point System, and an increase in gross margin in the Terminals segment due to the ongoing expansion of the Harvey terminal. For the year, the company reported total revenue of $308,400,000 against $294,079,000 a year ago. Operating loss was $88,739,000 against $22,197,000 a year ago. Net loss before income tax benefit was $96,638,000 against $31,488,000 a year ago. Net loss from continuing operations was $97,195,000 or $8.54 per basic and diluted share against $30,993,000 or $7.15 per basic and diluted share a year ago. Net loss attributable to the partnership was $98,020,000 or $8.58 per basic and diluted share against $34,039,000 or $7.42 per basic and diluted share a year ago. Net cash provided by operating activities was $21,478,000 against $17,223,000 a year ago. Additions to property, plant and equipment were $96,998,000 against $27,196,000 a year ago. Adjusted EBITDA was $45,551,000 against $31,907,000 a year ago. The fourth quarter and full year 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. 2014 capital expenditures were primarily attributable to expansion of the Lavaca System, construction of the Bakken and Longview systems, completion of the Yellow Rose plant, and the ongoing build-out of the Harvey Terminal. The company updated its 2015 forecast and now expects 2015 adjusted EBITDA to be in a range of $85 million to $95 million and DCF in a range of $65 million to $75 million. The change to the 2015 forecast is primarily a result of significantly lower forecasted commodity prices in 2015 and the anticipated delay in the drop-down of the Gonzales County system from the Partnership's General Partner. The forecast includes the benefit of the anticipated acquisition of a 50% interest in Republic Midstream, 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. 2015 growth capital expenditures, which exclude capital for maintenance and acquisition capital expenditures, are anticipated to be in a range of $125 million to $135 million. For the quarter, the company reported loss on impairment of property, plant and equipment was $99,892,000 against $2,923,000 a year ago.

American Midstream Partners, LP to Report Q4, 2014 Results on Mar 09, 2015

American Midstream Partners, LP announced that they will report Q4, 2014 results at 5:00 PM, Eastern Standard Time on Mar 09, 2015

 

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