American Midstream Reports Third Quarter 2015 Financial Results
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American Midstream Partners (AMID) Cuts 2015 Outlook Due to Start-up Delays; UBS Remains Neutral
November 11, 2015 9:18 AM ESTUBS maintained a Neutral rating on American Midstream (NYSE: AMID), and cut the price target to $9.50 (from $13.00), following the company's 3Q15. AMID reported 3Q15 adjusted EBITDA of $15.8MM, below consensus of $17.1MM. The key drivers of the miss were lower than expected G&P throughput and lower than expected transmission volumes and margins, while strong margins from Terminals segment... More
American Midstream Partners (AMID) Reports Q3 Loss of $0.48
November 9, 2015 4:40 PM ESTAmerican Midstream Partners (NYSE: AMID) reported Q3 EPS of ($0.48), versus ($0.58) reported last year. Revenue for the quarter came in at $54.83 million, versus $69.7 million reported last year.
Third quarter highlights:
Generated Adjusted EBITDA1 of $15.8 million and $45.9 million for the three and nine months ended September 30,... More