Last $26.84 USD
Change Today -0.16 / -0.59%
Volume 22.2K
AMID On Other Exchanges
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Exchange
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As of 3:46 PM 04/24/14 All times are local (Market data is delayed by at least 15 minutes).

american midstream partners (AMID) Snapshot

Open
$26.98
Previous Close
$27.00
Day High
$27.23
Day Low
$26.84
52 Week High
01/27/14 - $28.95
52 Week Low
10/4/13 - $17.51
Market Cap
290.4M
Average Volume 10 Days
55.4K
EPS TTM
$-3.58
Shares Outstanding
10.8M
EX-Date
02/5/14
P/E TM
--
Dividend
$1.81
Dividend Yield
6.53%
Current Stock Chart for AMERICAN MIDSTREAM PARTNERS (AMID)

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american midstream partners (AMID) Details

American Midstream Partners, LP is engaged in gathering, treating, processing, and transporting natural gas primarily in the Gulf Coast and Southeast regions of the United States. Its primary assets are located in Alabama, Georgia, Louisiana, Maryland, Mississippi, Tennessee, and Texas, which provide infrastructure that link producers and suppliers of natural gas to various natural gas and natural gas liquids (NGL) markets. The company’s Gathering and Processing segment provides gathering, compression, treating, processing, fractionating, transportation, and sale of natural gas, NGL, and condensate to of oil and natural gas producers. 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 of various products, including crude oil, bunker fuel, distillates, chemicals, and agricultural products at marine terminals that support various commercial customers, including commodity brokers, refiners and chemical manufacturers. It owns and operates 11 gathering systems, 2 processing facilities, 1 fractionation facility, 4 terminal sites, 3 interstate pipelines, and 5 intrastate pipelines; and owns, develops and operates petroleum, agricultural, and chemical liquid terminal storage facilities, as well as owns a 50% undivided interest in a natural gas processing plant located in Southern Louisiana. The company operates approximately 2,100 miles of natural gas pipelines; and 1.3 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: $1.0
Chief Financial Officer of American Midstream...
Total Annual Compensation: $367.0K
Chief Operating Officer of American Midstream...
Total Annual Compensation: $122.6K
Vice President of Legal Affairs of American M...
Total Annual Compensation: $215.8K
Compensation as of Fiscal Year 2013.

american midstream partners (AMID) Key Developments

American Midstream Partners, LP Reports Audited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013; Announces Impairment Charges for the Fourth Quarter Ended December 31, 2013; Provides Earnings Guidance for the Year 2014

American Midstream Partners, LP reported audited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported adjusted EBITDA of $10.5 million compared to $2.9 million for the same period in 2012, increases of 262.1%. The year-over-year increase in adjusted EBITDA was primarily attributable to the High Point and Blackwater acquisitions described above, partially offset by increases in direct operating expenses and selling, general and administrative expenses associated with the Chatom, High Point and Blackwater acquisitions in 2012 and 2013. Distributable cash flow was $6.3 million. Net loss attributable to the Partnership was $5.6 million compared to net loss of $6.3 million for the same period in 2012. Net loss attributable to the Partnership for the three months ended December 31, 2013, includes a $0.6 million non-cash loss on impairment of assets held for sale in the Terminals segment and a $3.0 million non-cash loss on impairment of certain gathering and processing assets. Capital expenditures were $4.8 million, primarily related to growth capital of $4.1 million and maintenance capital expenditures of $0.6 million. For the year, the company reported total revenue of $292.654 million, operating loss of $22.355 million, net loss attributable to partnership of $34.039 million or $7.00 per basic and diluted per unit compared to the total revenue of $198.243 million, operating loss of $2.001 million, net loss attributable to partnership of $6.508 million or $0.70 per basic and diluted per unit for the previous year. Net loss before income tax benefit was $31.646 million compared to $6.571 million a year ago. Net loss from continuing operations was $31.151 million or $6.76 per basic and diluted per unit compared to $6.571 million or $0.73 per basic and diluted per unit a year ago. Net cash provided by operating activities was $17.223 million compared to the $18.348 million for the previous year. Additions to property, plant and equipment was $27.196 million compared to the $11.705 million for the previous year. Adjusted EBITDA was $31.904 million compared to $18.847million for the same period in 2012. Distributable cash flow was $16.228 million compared to the $10.158 million for the previous year. The increase in the net loss for the year ended December 31, 2013 was primarily a result of non-cash asset impairment charges of $17.0 million on certain non-strategic gathering and processing assets in the second quarter and the fourth quarter impairment charges. Capital expenditures were $27.6 million, primarily related to growth capital of $20.5 million, and maintenance capital expenditures of $6.1 million. For the year 2014, the company expects adjusted EBITDA and DCF remains in a range of $41 million to $44 million and $21 million to $24 million, respectively, based on its current forecast of operational volumes and prices for crude oil, natural gas, natural gas liquids, and derivative instruments currently outstanding. Growth capital expenditures in 2014, which exclude maintenance capital, are forecasted to be in a range of $55 million to $60 million, of which approximately $30 million is associated with the Lavaca System. For the quarter, the company announced $0.6 million non-cash loss on impairment of assets held for sale in the Terminals segment and a $3.0 million non-cash loss on impairment of certain gathering and processing assets.

American Midstream Partners, LP, Q4 2013 Earnings Call, Mar 11, 2014

American Midstream Partners, LP, Q4 2013 Earnings Call, Mar 11, 2014

American Midstream Partners, LP to Report Q4, 2013 Results on Mar 10, 2014

American Midstream Partners, LP announced that they will report Q4, 2013 results After-Market on Mar 10, 2014

 

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