American Midstream Partners (NYSE: AMID) reported earnings on Nov. 13. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Sep. 30 (Q3), American Midstream Partners missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue dropped slightly and GAAP loss per share shrank.

Gross margins grew, operating margins dropped, net margins contracted.

Revenue details
American Midstream Partners tallied revenue of $56.3 million. The three analysts polled by S&P Capital IQ looked for a top line of $60.2 million on the same basis. GAAP reported sales were 1.2% lower than the prior-year quarter's $57.0 million.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.46. The two earnings estimates compiled by S&P Capital IQ anticipated -$0.12 per share. GAAP EPS were -$0.46 for Q3 against -$0.53 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 12.7%, 170 basis points better than the prior-year quarter. Operating margin was -4.5%, 300 basis points worse than the prior-year quarter. Net margin was -7.6%, 30 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $74.4 million. On the bottom line, the average EPS estimate is $0.23.

Next year's average estimate for revenue is $220.7 million. The average EPS estimate is $0.53.

Investor sentiment

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on American Midstream Partners is outperform, with an average price target of $22.00.

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