American Midstream Partners (AMID) Misses Q2 EPS by 24c, Revenues Beat

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American Midstream Reports Second Quarter 2018 Results

August 9, 2018 6:45 AM EDT

HOUSTON, Aug. 9, 2018 /PRNewswire/ -- American Midstream Partners, LP (NYSE: AMID) ("American Midstream" or the "Partnership") today reported financial results for the three and six months ended June 30, 2018.

Highlights

Financial

Net loss attributable to the Partnership was $17.3 million for the three months ended June 30, 2018 as compared to net loss attributable to the Partnership of $29.2 million for the same period in 2017. Adjusted EBITDA was $51.2 million for the three months ended June 30, 2018, an increase of 15% compared to the second quarter of 2017. (1) Total segment gross margin... More