Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - American Midstream Partners, LP | h85334e8vk.htm |
Exhibit 99.1
FOR IMMEDIATE RELEASE:
American Midstream Partners, LP Announces Quarterly Distribution
and Schedule for Third Quarter Earnings Release
and Schedule for Third Quarter Earnings Release
DENVER, CO —October 24, 2011— American Midstream Partners, LP (NYSE: AMID)
announced today that the board of directors of its general partner has approved a prorated
quarterly cash distribution of $0.2690 per unit for the quarter ended September 30, 2011.
The distribution is the first declared by American Midstream and corresponds to a quarterly
distribution of $0.4125 per unit, or $1.65 per unit on an annualized basis. The initial
distribution was prorated for the 60-day period from the date of the closing of American
Midstream’s initial public offering on August 1, 2011 through September 30, 2011 pursuant to
the terms of its limited partnership agreement.
The cash distribution will be paid on November 10, 2011 to unitholders of record as of the
close of business on November 3, 2011, together with the general partner of American
Midstream.
American Midstream will conduct a conference call and webcast to discuss its third quarter
financial results on Monday, November 14, 2011, at 2:00 p.m. Eastern Time. The call may be
accessed live at the investor relations section of the American Midstream website at
www.americanmidstream.com. The live call may also be accessed by dialing 866-271-6130 for
domestic users or 617-213-8894 for international users. The passcode for both phone numbers
is 82194279.
A replay of the audio webcast will be available shortly after the call on American
Midstream’s website. A telephonic replay will be available through December 31, 2011 by
dialing 888-286-8010 for domestic users or 617-801-6888 for international users. The
passcode for both phone numbers is 41005317.
About American Midstream Partners
Denver-based American Midstream Partners is a growth-oriented limited partnership formed to
own, operate, develop and acquire a diversified portfolio of natural gas midstream energy
assets. The company provides midstream services in the Gulf Coast and Southeast regions of
the United States. For more information about American Midstream Partners, visit
www.americanmidstream.com.
Forward Looking Statements
This press release contains certain statements that are forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities
Exchange Act of 1934. These statements relate to, among other things, the timing of
distributions, projections of operational volumetrics and improvements, growth projects,
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 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 that are described in greater
detail in our filings with the SEC. Please see our Risk Factor disclosures included in our
prospectus dated July 26, 2011 that was filed with the SEC on July 27, 2011. 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. 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.
This release serves as qualified notice to nominees as provided for under Treasury
Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of American
Midstream, LP’s distributions to foreign investors are attributable to income that is
effectively connected with a United States trade or business. Accordingly, all of American
Midstream, LP’s distributions to foreign investors are subject to federal income tax
withholding at the highest effective tax rate for individuals or corporations, as
applicable. Nominees, and not American Midstream, LP, are treated as withholding agents
responsible for withholding distributions received by them on behalf of foreign investors.