American Midstream Partners (AMID) Posts Q2 Loss of 36c/Share

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Go back to American Midstream Partners (AMID) Posts Q2 Loss of 36c/Share

American Midstream Reports Second Quarter 2016 Results

August 8, 2016 4:25 PM EDT

HOUSTON--(BUSINESS WIRE)-- American Midstream Partners, LP (NYSE: AMID) (the "Partnership") today reported financial results for the three and six months ended June 30, 2016.

Highlights:

Second quarter 2016 Net loss attributable to the Partnership was $4.6 million, an increase of 120%; Second quarter 2016 Adjusted EBITDA of $36.1 million and Distributable Cash Flow ("DCF") of $25.4 million, an increase of 150% and 165%, respectively; Top-tier, second quarter distribution coverage of 1.94 times; Contracted capacity for our Terminals segment averaged over two million barrels, an increase of 39%;... More