American Midstream Announces Revised Capital Allocation Strategy And Second Quarter Common Unit Distribution [Reuters]
Argent Mid Cap ETF (AMID)
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US:NYSE Investor Relations:
americanmidstream.com/investor-relations
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Source: Reuters
American Midstream Partners LP (AMID.N) Key Developments | Reuters.com July 27 (Reuters) - American Midstream Partners LP ::AMERICAN MIDSTREAM ANNOUNCES REVISED CAPITAL ALLOCATION STRATEGY AND SECOND QUARTER COMMON UNIT DISTRIBUTION.AMERICAN MIDSTREAM PARTNERS LP - BASED ON FIRST-HALF OF 2018, PARTNERSHIP'S ASSETS EXPECTED TO GENERATE ANNUALIZED EBITDA BETWEEN $190 AND $200 MILLION.AMERICAN MIDSTREAM - ENGAGED IN A REVIEW OF ADDITIONAL NON-CORE ASSETS, IDENTIFIED ABOUT $350 - $400 MILLION OF OTHER HIGH VALUE NON-CORE ASSETS.AMERICAN MIDSTREAM PARTNERS LP - PARTNERSHIP EXPECTS POTENTIAL ASSET SALES TO CLOSE BETWEEN Q3 OF 2018 AND Q3 OF 2019.AMERICAN MIDSTREAM - REDUCTION IN COMMON UNIT DISTRIBUTIONS EXPECTED TO GENERATE ABOUT $65 MILLION OF ADDITIONAL, NON-DILUTIVE CAPITAL PER YEAR.AMERICAN MIDSTREAM PARTNERS - ASSET SALE PROGRAM COMPLETION EXPECTED TO ENABLE PARTNERSHIP TO TARGET LONG-TERM LEVERAGE RATIO NEAR 4-TIMES BY MID-2019.AMERICAN MIDSTREAM- NON-ACQUISITION RELATED GROWTH OPPOR
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