American Midstream Partners (AMID) Misses Q1 EPS by 26c, Beats on Revenues

American Midstream Partners (NYSE: AMID) reported Q1 EPS of ($0.42), $0.26 worse than the analyst estimate of ($0.16). Revenue for the quarter came in at $205.83 million versus the consensus estimate of $159.61 million.

Financial

• Net loss attributable to the Partnership was $13.9 million for the three months ended March 31, 2018 as compared to net loss of $30.2 million for the same period in 2017.
• Adjusted EBITDA of $52.4 million for the three months ended March 31, 2018, an increase of 12% compared to the first quarter of 2017.
• Total segment gross margin was $64.0 million for the three months ended March 31, 2018, an increase of 5% compared to the first quarter of 2017.
• The Partnership maintained a quarterly distribution of $0.4125 per common unit, or $1.65 per common unit on an annualized basis, representing distribution coverage of approximately 1.0x.
• The first quarter 2018 distribution represents the Partnership\'s twenty-seventh consecutive quarterly distribution since its initial public offering.

For earnings history and earnings-related data on American Midstream Partners (AMID) click here.

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