Is American Midstream A Good Long-Term Investment? [Seeking Alpha]
Argent Mid Cap ETF (AMID)
Last argent mid cap etf earnings: 8/8 06:30 am
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US:NYSE Investor Relations:
americanmidstream.com/investor-relations
Company Research
Source: Seeking Alpha
Summary American Midstream Partners (NYSE: AMID ) has become an attractive investment as it is moving towards a simpler business model with stable cash flows. The company has sold its Propane business for $170 million , and decided to use these proceeds to improve its core assets. Propane business is highly volatile. For a limited partnership, volatility is extremely dangerous as it can affect the distributable cash flows. The partnership is looking to divert this cash to midstream assets. This will result in stable cash flows and better distribution coverage. Midstream assets usually operate on long-term fee-based contracts which reduces the volatility and ensures a healthy stream of cash flows. American Midstream has been paying out more cash than it has been generating in the past. Although the operating cash flows have improved, increased number of units has mitigated the impact of this increase. Per unit operating cash flow is lower than it was in 2014. The table below
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