Last $30.76 USD
Change Today +0.15 / 0.49%
Volume 6.6K
AMID On Other Exchanges
Symbol
Exchange
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As of 1:13 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

american midstream partners (AMID) Snapshot

Open
$30.74
Previous Close
$30.61
Day High
$30.96
Day Low
$30.52
52 Week High
08/11/14 - $32.01
52 Week Low
10/4/13 - $17.51
Market Cap
485.0M
Average Volume 10 Days
39.8K
EPS TTM
$-1.96
Shares Outstanding
15.8M
EX-Date
08/5/14
P/E TM
--
Dividend
$1.85
Dividend Yield
5.93%
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 Increases Revolving Credit Facility to $500 Million and Extends Maturity to 2019

American Midstream Partners, LP announced the execution of an amended and restated credit facility to increase the borrowing capacity to $500 million, with the option to further increase the borrowing capacity to $700 million, and to extend the maturity to September 2019. The Partnership expects to use the credit facility to fund growth and for other partnership purposes.

American Midstream Seeks Acquisitions

American Midstream Partners, LP (NYSE:AMID) will consider acquisitions. American Midstream announced an amended private placement of $120 million from the earlier announced private placement of $200 million. "We are pleased to announce a private placement to fund our near-term growth initiatives," said Steve Bergstrom, Executive Chairman, President and Chief Executive Officer. "We continue to focus on increasing the liquidity of our common units and we appreciate the support of the institutional investors that participated in the offering. We are demonstrating the ability to build scale through acquisitions and asset development projects, and I am confident that with the growth projects currently underway, as well as acquisitions, drop downs, organic growth and asset development opportunities we are pursuing, we will continue to deliver long-term, sustainable distribution growth."

American Midstream Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

American Midstream Partners, LP Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

 

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Industry Analysis

AMID

Industry Average

Valuation AMID Industry Range
Price/Earnings 100.0x
Price/Sales 1.1x
Price/Book 2.0x
Price/Cash Flow 25.9x
TEV/Sales 0.8x
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