AMERICAN MIDSTREAM PARTNERS, LP (NYSE:AMID) Files An 8-K Regulation FD DisclosureItem 9.01 Regulation FD Disclosure.
AMID expects to continue its strategy of creating commercial and operational density within its core areas, whereby AMID may conduct additional acquisitions or divestitures. Due to completion of certain acquisitions later than expected, inherent timing uncertainties of divestitures, and the transitional nature of these activities, management believes AMID could have 2017 Adjusted EBITDA slightly below the lower-end of previously issued guidance. Based on anticipated outcomes of AMID’s growth strategy and other opportunities it is pursuing, management expects a material increase in 2018 Adjusted EBITDA.
The information provided in this Item 9.01 (including the exhibits referenced therein) shall be deemed “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Exchange Act, nor shall it be incorporated by reference in any filing made by AMID to the Securities Act of 1933, except to the extent that such filing incorporates by reference any or all of such information by express reference thereto.
Item 9.01 Other Events.
As further described in the Original Report, on September 1, 2017, AMID completed the disposition of its Propane Marketing Services business (the “Propane Business”) to SHV Energy N.V. As a result of the disposition of the Propane Business, AMID classified the results of operations of the Propane Business as discontinued operations. Accordingly, AMID has recast its financial statements to retrospectively reflect this change in classification of the Propane Business to discontinued operations for all periods presented.
PartII, Item6, and Part II, Item7, of AMID’s Form 10-K for the year ended December 31, 2016 (the “2016 Form 10-K”) as filed with the SEC on March 28, 2017, which were previously superseded by recast information filed on the Original Report and on a Current Report on Form 8-K on September18, 2017, are hereby recast as follows:
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Selected Financial Data included herein as Exhibit 99.1 supersedes Exhibit 99.1 to the Original Report and to the Current Report on Form 8-K filed on September 18, 2017; and |
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Management’s Discussion and Analysis of Financial Condition and Results of Operations included herein as Exhibit 99.2 supersedes Exhibit 99.2 to the Original Report and to the Current Report on Form 8-K filed on September 18, 2017. |
The 2016 Form 10-K, Part II, Item 8, has been recast by Exhibit 99.3 to the Original Report. Exhibit 99.3 to the Original Report is not impacted by this Amendment to the Original Report.
There have been no revisions or updates to the 2016 Form 10-K other than the revisions noted above. This Amendment should be read in conjunction with the 2016 Form 10-K and Exhibit 99.3 to the Original Report.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
American Midstream Partners, LP ExhibitEX-99.1 2 exhibit991selectedfinancia.htm EXHIBIT 99.1 Exhibit EXHIBIT 99.1Item 6. Selected Historical Financial and Operating DataThe following table presents selected historical consolidated financial and operating data for the periods and as of the dates indicated. We derived this information from our historical consolidated financial statements and accompanying notes. This information should be read together with,…To view the full exhibit click here
About AMERICAN MIDSTREAM PARTNERS, LP (NYSE:AMID)
American Midstream Partners, LP owns, operates, develops and acquires a portfolio of midstream energy assets. The Company is engaged in the business of gathering, treating, processing and transporting natural gas; gathering, transporting, storing, treating and fractionating natural gas liquids (NGLs); gathering, storing and transporting crude oil and condensates, and storing specialty chemical products. It operates through three segments: Gathering and Processing, Transmission and Terminals. The Gathering and Processing Segment consists of midstream natural gas systems that provide services, such as gathering, compression, treating, processing, fractionating, transportation, and sale of natural gas, NGLs and condensate. Its Transmission Segment consists of interstate and intrastate pipelines that transport natural gas from interconnection points on other pipelines or production points to customers. Its Terminals segment provides above-ground storage services at its marine terminals.
