American Midstream to Participate in MLPA Investor Conference
May 31 2017 - 6:50PM
Business Wire
American Midstream Partners, LP (NYSE:AMID) (“Partnership” or
“AMID”) announced today that it is participating in investor
meetings at the MLPA One-on-One Conference on Thursday and Friday,
June 1-2, 2017 in Orlando, Florida.
A copy of the slides that will be used in investor meetings will
be available the day of the conference and may be obtained from the
American Midstream website at www.americanmidstream.com under the
Investors tab.
About American Midstream Partners, LP
American Midstream Partners, LP is a growth-oriented limited
partnership formed to provide critical midstream infrastructure
that links producers of natural gas, crude oil, NGLs, condensate
and specialty chemicals to end-use markets. American Midstream’s
assets are strategically located in some of the most prolific
onshore and offshore basins in the Permian, Eagle Ford, East Texas,
Bakken and Gulf Coast. American Midstream owns or has an ownership
interest in approximately 4,000 miles of interstate and intrastate
pipelines, as well as ownership in gas processing plants,
fractionation facilities, an offshore semisubmersible floating
production system with nameplate processing capacity of 80 MBbl/d
of crude oil and 200 MMcf/d of natural gas; and terminal sites with
approximately 6.7 MMBbls of storage capacity. The Partnership owns
the third largest cylinder exchange business and one of the largest
regional retail propane providers.
For more information about American Midstream Partners, LP,
visit www.americanmidstream.com.
Non-GAAP Financial Measures
This press release includes financial measures in accordance
with U.S. generally accepted accounting principles, or GAAP, as
well as non-GAAP financial measures, including “Adjusted
EBITDA.”
We define distributable cash flow as Adjusted EBITDA, less cash
paid for interest expense, normalized maintenance capital
expenditures, and distributions related to the Series A, Series C
and Series D convertible preferred units. The GAAP financial
measure most comparable to distributable cash flow is Net income
(loss) attributable to the Partnership.
Forward Looking Statements
This press release includes forward-looking statements. These
statements relate to, among other things, projections of 2017
financial performance, consummation of transactions, operational
volumetrics and improvements, growth projects, distributions, cash
flows and capital expenditures. We have used the words
“anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,”
“may,” “plan,” “predict,” “project,” “should,” “will,” “potential,”
and similar terms and phrases to identify forward-looking
statements in this press release. Although we believe the
assumptions upon which these forward-looking statements are based
are reasonable, any of these assumptions could prove to be
inaccurate and the forward-looking statements based on these
assumptions could be incorrect. Our operations and future growth
involve risks and uncertainties, many of which are outside our
control, and any one of which, or a combination of which, could
materially affect our results of operations and whether the
forward-looking statements ultimately prove to be correct. Actual
results and trends in the future may differ materially from those
suggested or implied by the forward-looking statements depending on
a variety of factors which are described in greater detail in our
filings with the Securities and Exchange Commission (“SEC”).
Construction of projects described in the presentation referenced
in this press release is subject to risks beyond our control
including cost overruns and delays resulting from numerous factors.
In addition, we face risks associated with the integration of
acquired businesses, decreased liquidity, increased interest and
other expenses, assumption of potential liabilities, diversion of
management’s attention, and other risks associated with
acquisitions and growth. Risks we face include risks associated
with the pending merger with JP Energy Partners, the integration of
acquired businesses, decreased liquidity, increased interest and
other expenses, assumption of potential liabilities, diversion of
management’s attention, and other risks associated with growth and
acquisitions, operational issues, actions by regulatory agencies
and third parties and industry and market conditions. Please see
our “Risk Factor” and other disclosures included in our Annual
Report on Form 10-K for the year ended December 31, 2016, filed
with the SEC on March 28, 2017, and Form 10-Q for the quarter ended
March 31, 2017, filed with the SEC on May 15, 2017. All future
written and oral forward-looking statements attributable to us or
persons acting on our behalf are expressly qualified in their
entirety by the previous statements. The forward-looking statements
herein speak as of the date of this press release. We undertake no
obligation to update any information contained herein or to
publicly release the results of any revisions to any
forward-looking statements that may be made to reflect events or
circumstances that occur, or that we become aware of, after the
date of this press release.
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version on businesswire.com: http://www.businesswire.com/news/home/20170531006535/en/
American Midstream Partners, LPMark Buscovich,
713-815-3967Manager of Financembuscovich@americanmidstream.com
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