American Midstream Partners (AMID) Set to Announce Earnings on Thursday

American Midstream Partners (NYSE:AMID) is set to announce its earnings results before the market opens on Thursday, November 8th.

American Midstream Partners (NYSE:AMID) last released its earnings results on Thursday, August 9th. The pipeline company reported ($0.48) earnings per share for the quarter, missing the consensus estimate of ($0.24) by ($0.24). American Midstream Partners had a negative return on equity of 66.74% and a negative net margin of 13.56%. The firm had revenue of $220.22 million during the quarter.

Shares of AMID opened at $5.83 on Wednesday. American Midstream Partners has a 52 week low of $5.30 and a 52 week high of $15.25. The company has a quick ratio of 1.15, a current ratio of 1.17 and a debt-to-equity ratio of 11.36.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 14th. Investors of record on Tuesday, November 6th will be given a dividend of $0.103 per share. This represents a $0.41 dividend on an annualized basis and a yield of 7.07%. The ex-dividend date of this dividend is Monday, November 5th.

Separately, ValuEngine raised shares of American Midstream Partners from a “sell” rating to a “hold” rating in a research report on Friday, August 10th.

In related news, insider Arclight Energy Partners Fund acquired 597,728 shares of the stock in a transaction that occurred on Wednesday, August 15th. The shares were purchased at an average cost of $6.16 per share, with a total value of $3,682,004.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 5.40% of the company’s stock.

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About American Midstream Partners

American Midstream Partners, LP provides midstream infrastructure that links the producers of natural gas, crude oil, natural gas liquids (NGLs), condensate, and specialty chemicals to various intermediate and end-use markets in the United States and Mexico. Its Gas Gathering and Processing Services segment offers services to producers of natural gas and crude oil, including transporting raw natural gas and crude oil from various receipt points through gathering systems, treating the raw natural gas, processing raw natural gas to separate the NGLs from the natural gas, fractionating NGLs, and selling or delivering pipeline-quality natural gas and NGLs.

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Earnings History for American Midstream Partners (NYSE:AMID)

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