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Wed, August 22, 2012

American Midstream Performs in Line With Expectations in Second-Quarter 2012, an Industrial Info News Alert


Published on 2012-08-22 04:31:10 - Market Wire
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August 22, 2012 06:15 ET

American Midstream Performs in Line With Expectations in Second-Quarter 2012, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 22, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Despite a volatile commodity price environment and low natural gas prices, [ American Midstream Partners, LP ] (NYSE:AMID) (Denver, Colorado) managed to perform considerably well in the second quarter of 2012. The partnership, which is involved in gathering, treating, processing and transporting [ natural gas ] in the U.S. Southeast and Gulf Coast regions, experienced increases in overall gross margins as well as gross margin in the Gathering-Processing and Transmission segments. These increases were attributed to the 50% non-operated interest in the Burns Point processing plant, which was acquired in the fourth quarter of 2011. There were also gains in net income and cash flow.

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