General | Quarterly / Earnings Reports | Capital Markets | Private Equity Activity
American Midstream Eyes Increased Eagle Ford Ops
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American Midstream Partners, LP reported financial results for the three and six months ended June 30, 2013. The Partnership reported gross margin for the second quarter of 2013 of $16.9 million, an increase of $5.6 million or 49.6 percent, compared to $11.3 million in the same period of the prior year.
Steve Bergstrom, Executive Chairman, President and Chief Executive Officer, commented: "Our second quarter results demonstrate that the April transaction with ArcLight and HPIP is off to a strong start with solid operating results and significant progress on the integration of High Point into American Midstream. The relationship with ArcLight continues to deliver meaningful benefits with the equity restructuring announcement today. The equity restructuring transaction significantly…
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