SOURCE: Industrial Info Resources

Industrial Info Resources

August 22, 2012 06:15 ET

American Midstream Performs in Line With Expectations in Second-Quarter 2012, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwire - Aug 22, 2012) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Despite a volatile commodity price environment and low natural gas prices, American Midstream Partners, LP (NYSE:AMID) (Denver, Colorado) managed to perform considerably well in the second quarter of 2012. The partnership, which is involved in gathering, treating, processing and transporting natural gas in the U.S. Southeast and Gulf Coast regions, experienced increases in overall gross margins as well as gross margin in the Gathering-Processing and Transmission segments. These increases were attributed to the 50% non-operated interest in the Burns Point processing plant, which was acquired in the fourth quarter of 2011. There were also gains in net income and cash flow.

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