American Midstream to Reduce Capex in 2016 as it Completes Current Projects

SUGAR LAND--November 11, 2015--Researched by Industrial Info Resources (Sugar Land, Texas)--American Midstream Partners LP (NYSE:AMID) (Denver, Colorado) is expected to reduce growth capital expenditures by at least 56% next year as it wraps up several pipeline and terminal projects, according to company. Growth capital expenditures are forecast to drop to a $45 million-to-$55 million range in 2016, from $125 million this year. Industrial Info is tracking seven active American Midstream projects worth $258 million.

Within this article: Earnings results and capital expenditure projections for American Midstream Partners LP.

Additional companies: Penn Virginia Corporation (NYSE:PVA)