Last $24.05 USD
Change Today -0.43 / -1.76%
Volume 32.1K
As of 4:15 PM 11/25/14 All times are local (Market data is delayed by at least 15 minutes).

american midstream partners (AMID) Snapshot

Open
$24.32
Previous Close
$24.48
Day High
$24.68
Day Low
$24.05
52 Week High
08/11/14 - $32.01
52 Week Low
12/12/13 - $22.00
Market Cap
379.4M
Average Volume 10 Days
60.4K
EPS TTM
$-2.34
Shares Outstanding
15.8M
EX-Date
11/5/14
P/E TM
--
Dividend
$1.89
Dividend Yield
7.69%
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 Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014; Provides Earnings Guidance for the Full Year of 2014 and for the Full Year of 2015

American Midstream Partners LP reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenue of $70,305,000 against $77,519,000 a year ago. Operating loss was $290,000 against loss of $104,000 a year ago. Net loss before income tax benefit was $2,275,000 against $2,740,000 a year ago. Net loss from continuing operations was $2,397,000 or $0.58 per basic and diluted share against $2,526,000 or $0.81 per basic and diluted share a year ago. Net loss attributable to the partnership was $2,456,000 or $0.58 per basic and diluted share against $2,731,000 or $0.80 per basic and diluted share a year ago. Adjusted EBITDA was $8,991,000 against $8,762,000 a year ago. Third quarter expansion capital expenditures totaled $27 million, primarily related to the Lavaca System and the Harvey terminal. For the nine months, the company reported total revenue of $228,223,000 against $217,311,000 a year ago. Operating income was $2,894,000 against operating loss of $19,603,000 a year ago. Net loss before income tax benefit was $2,674,000 against $26,561,000 a year ago. Net loss from continuing operations was $2,934,000 or $1.52 per basic and diluted share against $25,972,000 or $5.52 per basic and diluted share a year ago. Net loss attributable to the partnership was $3,723,000 or $1.57 per basic and diluted share against $28,396,000 or $5.73 per basic and diluted share a year ago. Net cash provided by operating activities was $18,240,000 against $15,587,000 a year ago. Additions to property, plant and equipment were $41,257,000 against $22,842,000 a year ago. Adjusted EBITDA was $26,372,000 against $21,401,000 a year ago. The net loss attributable to the partnership was primarily a result of non-cash impairment charges on certain non-strategic gathering assets of $15.2 million in the second quarter of 2013. The company provided earnings guidance for the full year of 2014 and for the full year of 2015. The partnership's forecast for 2014 adjusted EBITDA and DCF remains unchanged in a range of $46 million to $48 million and $30 million to $32 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, continue to be forecasted in a range of $75 million to $80 million, which primarily includes capital expenditures associated with the Lavaca System, the development of the Harvey terminal, and the Bakken, Longview rail, and Permian development projects associated with the Costar acquisition. The partnership forecasted 2015 adjusted EBITDA in a range of $110 million to $120 million and DCF, in a range of $90 million to $100 million, based on its current forecast of operational volumes and prices for crude oil, natural gas, natural gas liquids, and derivative instruments currently outstanding. 2015 forecasted adjusted EBITDA and DCF include the benefit of the anticipated acquisitions of Republic Midstream and the Gonzales County system. Growth capital expenditures in 2015, which exclude capital for maintenance, are forecasted to be in a range of $140 million to $150 million and primarily include the Bakken, Longview rail, and Permian development projects associated with the Costar acquisition.

American Midstream Partners, LP Declares Third Quarter Cash Distribution, Payable on November 14, 2014

American Midstream Partners, LP announced that the board of directors of its general partner declared a quarterly cash distribution of $0.4725 per unit, representing $1.89 per unit on an annualized basis. The third quarter 2014 distribution is an increase of $0.01 per unit, or 2.2%, compared to the distribution for the second quarter 2014, and represents an increase of $0.02 per unit, or 4.4%, compared to the distribution for the third quarter 2013. The cash distribution will be paid on November 14, 2014, to unit holders of record at the close of business on November 7, 2014, together with the general partner of American Midstream. The ex-dividend date is November 5, 2014.

American Midstream Partners, LP to Report Q3, 2014 Results on Nov 10, 2014

American Midstream Partners, LP announced that they will report Q3, 2014 results at 5:00 PM, Eastern Standard Time on Nov 10, 2014

 

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AMID

Industry Average

Valuation AMID Industry Range
Price/Earnings 100.0x
Price/Sales 1.3x
Price/Book 1.4x
Price/Cash Flow 23.9x
TEV/Sales 0.7x
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