Azure Midstream Partners (AZUR) to Temporarily Suspend Distribution for Q4

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Go back to Azure Midstream Partners (AZUR) to Temporarily Suspend Distribution for Q4

Azure Midstream Partners Announces Temporary Suspension Of Q4 2015 Distribution

February 1, 2016 6:30 AM EST

DALLAS, Feb. 1, 2016 /PRNewswire/ -- Azure Midstream Partners, LP (NYSE: AZUR) ("Azure"), a leading midstream natural gas gathering and processing company based in Dallas, Texas, today announced that its Q4 2015 distribution has been temporarily suspended as it considers various alternatives for re-instating distributions.

Azure is pursuing a number of options to strengthen its balance sheet including a potential equity restructuring, capital raise and strategic alternatives that will provide excess liquidity with the intent to give visibility into stabilizing future distributions.

"We view this suspension as a... More