American Midstream Partners (AMID) Reports Q3 Loss of $0.48

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Go back to American Midstream Partners (AMID) Reports Q3 Loss of $0.48

American Midstream Partners (AMID) Cuts 2015 Outlook Due to Start-up Delays; UBS Remains Neutral

November 11, 2015 9:18 AM EST

UBS 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