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Quotes & Info
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| AMID > SEC Filings for AMID > Form 8-K on 26-Nov-2012 | All Recent SEC Filings |
26-Nov-2012
Other Events
In early November, American Midstream Partners, LP. (the "Partnership") commenced a planned turnaround of its Bazor Ridge processing plant in eastern Mississippi. The turnaround took longer than expected to complete, during which the plant was offline. The plant recently resumed operations, including the benefit of efficiencies that were implemented during the turnaround. The Partnership has taken and continues to take steps to mitigate the financial impact of the longer-than-expected turnaround, including discussions with new and existing customers to secure incremental volumes to process at the plant during the fourth quarter. If these mitigation efforts are unsuccessful, the turnaround may have a material adverse impact on the Partnership's fourth quarter 2012 financial results. The Partnership currently estimates that the impact will be less than $1 million, not including the potential benefit of the mitigation efforts.
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