American Midstream Survives Hurricanes, Weak NGL Prices in Third-Quarter 2012 as Acquisitions Show Promise
Posted on November 15, 2012 at 03:34 AM EST
SUGAR LAND--November 15, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)-- American Midstream Partners LP (NYSE:AMID) (Denver, Colorado), which provides midstream services for natural gas in the U.S. Southeast and Gulf Coast regions, reported stronger revenues in third-quarter 2012 as the company benefited from stronger margins in its two major segments and a major acquisition in July. The company also saw negative effects from Hurricane Isaac and volatile commodity prices, including lower realized prices for natural gas liquids (NGLs). As part of the ongoing coverage in its North American Oil & Gas Transmission Project Database , Industrial Info is tracking two operational natural gas transmission plants owned by American Midstream.