|Bid||5.19 x 1100|
|Ask||5.20 x 800|
|Day's Range||5.18 - 5.21|
|52 Week Range||2.75 - 11.88|
|Beta (3Y Monthly)||1.99|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 13, 2019 - May 17, 2019|
|Forward Dividend & Yield||0.41 (7.98%)|
|1y Target Est||5.25|
On a per-share basis, the Houston-based company said it had a loss of 41 cents. Losses, adjusted for asset impairment costs, came to 38 cents per share. The natural gas pipeline company posted revenue ...
HOUSTON , April 1, 2019 /PRNewswire/ -- American Midstream Partners, LP (NYSE: AMID) ("American Midstream" or the "Partnership") today reported financial and operational results for ...
Back in September, the original unsolicited buyout offer was for $6.10 per common unit, but it was revised to $4.50 per common unit in January. The final deal lands in between.
HOUSTON, March 18, 2019 /PRNewswire/ -- American Midstream Partners, LP (AMID) ("AMID" or "Partnership") today announced that it has entered into a definitive agreement and plan of merger ("Merger Agreement") with an affiliate (the "Purchaser") of ArcLight Energy Partners Fund V, L.P. ("ArcLight"). The Purchaser will acquire, for cash, in a merger transaction, all outstanding common units of the Partnership not already held by affiliates of ArcLight, at a price of $5.25 per common unit. The merger is expected to close in the second quarter of 2019. The Partnership does not expect to make any cash distributions on its common units or preferred units prior to the closing of the merger.
Moody's Investors Service (Moody's) downgraded American Midstream Partners, LP's (AMID) Corporate Family Rating (CFR) to B3 from B2, its Probability of Default Rating (PDR) to B3-PD from B2-PD, its senior unsecured notes rating to Caa2 from Caa1, and its Speculative Grade Liquidity (SGL) rating to SGL-4 from SGL-3.
DALLAS , Feb. 1, 2019 /PRNewswire/ -- Alerian reported index linked product positions of $12.2 billion as of December 31, 2018 . Linked products include exchange-traded funds, exchange-traded notes, return ...
A subsidiary of Boston’s ArcLight Energy Partners Fund V LP has decreased the buyout offer it sent to Houston-based American Midstream Partners LP (NYSE: AMID) in September. The original offer was for $6.10 per common unit, but that’s been revised to $4.50 per common unit, according to a Jan. 3 press release. The rest of the terms remain as set forth in the original offer, but there’s no guarantee a deal will be reached.
HOUSTON, Jan. 3, 2019 /PRNewswire/ -- American Midstream Partners, LP (AMID) ("AMID" or "Partnership") today announced that the Board of Directors of American Midstream GP, LLC ("GP Board") has received a revised non-binding proposal from an affiliate of ArcLight Energy Partners Fund V, L.P. ("ArcLight"), directed to members of the Conflicts Committee of the GP Board, pursuant to which ArcLight would acquire all common units of the Partnership that ArcLight and its affiliates do not already own in exchange for a revised offer price of $4.50 per common unit. The other proposed terms of the potential transaction remain as set forth in the original non-binding proposal announced on September 28, 2018. The proposed transaction remains subject to a number of contingencies, including the approval of the Conflicts Committee of the GP Board, the approval by holders of a majority of the outstanding common units of the Partnership, and the satisfaction of any conditions to the consummation of a transaction set forth in any definitive agreement concerning the transaction. There can be no assurance that definitive documentation will be executed or that any transaction will materialize on the terms described above or at all.
In addition to Enbridge closing its multibillion-dollar acquisitions of its Houston-based MLPs, a few other multimillion-dollar energy deals closed last week, as well.
Traditionally, the utilities sector -- especially equities that pay highest dividend yields -- has been considered a relatively safe bet in uncertain and volatile markets; and with a 3.16% average yield, the gas utilities segment offers the highest dividend yields within the utilities sector, asserts Ned Piplovic, editor of DividendInvestor.
“Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
DALLAS , Dec. 20, 2018 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced today the completion of the previously announced acquisition of the refined products terminalling business from ...
HOUSTON , Dec. 20, 2018 /PRNewswire/ -- American Midstream Partners, LP (NYSE: AMID) ("AMID" or "Partnership") today announced the closing of its previously announced sale of its refined ...
NEW YORK, Dec. 06, 2018 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
Energy Transfer’s (ET) MLP subsidiary, Sunoco (SUN), is trading at a high yield of 12%. Sunoco hasn’t raised its distributions for the last nine quarters. As the above graph shows, Sunoco has fallen ~7% year-to-date, outperforming the Alerian MLP ETF (AMLP).
Houston-based American Midstream Partners LP (NYSE: AMID) has found another buyer for its refined products terminalling business after a previous deal fell through earlier this year. Dallas-based Sunoco LP (NYSE: SUN) will buy the business for about $125 million in cash, according to press releases from the companies. Combined, they have 21 tanks, approximately 1.3 million barrels of storage capacity and approximately 77,500 barrels per day of total throughput capacity, per Sunoco’s release.
HOUSTON , Nov. 15, 2018 /PRNewswire/ -- American Midstream Partners, LP (NYSE: AMID) ("AMID" or "Partnership") today announced it has entered into a definitive agreement for the sale ...
DALLAS , Nov. 15, 2018 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("Sunoco") announced today the execution of a definitive agreement to purchase the refined products terminalling business from American ...
DALLAS, Texas, Nov. 14, 2018 -- Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross” or the “Partnership”) today announced third quarter financial and operating results..
HOUSTON , Nov. 8, 2018 /PRNewswire/ -- American Midstream Partners, LP (NYSE: AMID) ("American Midstream" or the "Partnership") today reported financial and operational results for ...
HOUSTON , Nov. 1, 2018 /PRNewswire/ -- American Midstream Partners, LP (NYSE: AMID) (the "Partnership") today announced that its third quarter 2018 results will be released before the market ...