UPDATE: UBS Upgrades American Midstream (AMID) to Neutral
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August 10, 2015 4:10 PM EDT
Partnership Intends to Resume Distribution Increases in
Conjunction with Drop-down Plan Announced Today
DENVER--(BUSINESS WIRE)--
American Midstream Partners, LP (NYSE: AMID) ("Partnership") today
reported financial results for the three and six months ended June 30,
2015.
Second quarter and subsequent highlights:
Generated Adjusted EBITDA of $14.5 million and $30.1 million for the
three and six months ended June 30, 2015, respectively, increases of
113.2 percent and 73.0 percent over the prior-year periods;
The Partnership announced today line-of-sight to approximately $1
billion of fee-based growth through 2017,...
More
August 10, 2015 4:10 PM EDT
Partnership Has Line-of-Sight to Approximately $1 Billion of
Fee-based Growth Through 2017 and Intends to Resume Distribution
Increases in Conjunction with First Drop Down
DENVER--(BUSINESS WIRE)--
American
Midstream Partners, LP (NYSE: AMID) (Partnership) today announced
the intention of an affiliate of ArcLight Capital Partners, LLC
(ArcLight), which controls the general partner of the Partnership, to
drop... More
