American Midstream Announces Revised Capital Allocation Strategy and Second Quarter Common Unit Distribution
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: PR Newswire
HOUSTON, July 27, 2018 /PRNewswire/ -- American Midstream Partners, LP (NYSE: AMID) ("American Midstream" or the "Partnership") today announced a revised capital allocation strategy that is intended to significantly reduce leverage, provide capital for strategic growth opportunities, and create long-term value.As part of the revised capital allocation strategy the Partnership has determined the most prudent sources of accretive growth capital are proceeds from the sale of non-core assets and the retention of an increased portion of operating cash flow through the reduction of its common unit distribution.Exclusive of the potential combination with Southcross Energy Partners, L.P. and Southcross Holdings LP, the Partnership has identified attractive organic growth projects across all core segments. These opportunities will enable the Partnership to continue building an integrated midstream company with greater scale and density in its core operating areas as well as expanding its reach
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