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American Midstream Partners, LP (AMID) |
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This company completed an initial public offering (IPO) of its stock in 2010. View articles that reference this company. Recent IPOs: Globe Specialty Metals • LogMeIn • Invesco Mortgage Capital • Medidata • Chemspec |
American Midstream Partners, LP (NYSE:AMID) is a midstream oil and gas company which operates primarily in southern America. The company gathers, processes, and transports fuel to large customers or centralized pipelines in return for a fee or fixed-margin. American Midstream Partners' facilities are located in Alabama, Louisiana, Mississippi, Tennessee, and Texas.[1]
Business Overview
American Midstream Partners' total revenue for the full year 2010 was $212M. The company's reported net loss for the same period of$8.6M. This was largely due to a high depreciation expense. [2]
New Updates
The company's initial public offering of stock on the NYSE occurred on July 26, 2011. The company offered 3.75M shares each for $21. This was at the high end of the initial price range of $19-$21. The deal raised a total of $186M. The lead underwriters were Citigroup (C) and Bank of America (BAC).[3]
- ↑ AMID S-1/A 2011 PROSPECTUS SUMMARY "Overview" pg 1-2
- ↑ AMID S-1/A 2011 PROSPECTUS SUMMARY "Summary Historical Financial and Operating Data" pg 12
- ↑ Renaissance Capital - IPO Home "American Midstream Partners prices IPO at $21, at high end of the range" 26 July 2011
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