American Midstream Partners
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.
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 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.
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.
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.
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.
Can your portfolio provide you with enough income to last through retirement? You'll need more than American Midstream Partners. Learn how to maximize your investment income and "Secure Your Future With 9 Rock-Solid Dividend Stocks." Click here for instant access to this free report.
- Add American Midstream Partners to My Watchlist.