The 2016 forecast is based on current volume expectations, including the benefit of the recent Gulf of Mexico midstream acquisitions, and does not include additional acquisitions, drop downs or asset development projects.

The partnership’s 2016 guidance assumes WTI oil price of approximately $39/bbl, composite NGL pricing of $0.56/bbl, and natural gas prices of $2.23 per MMBtu.

Growth capital expenditures in 2016, which exclude maintenance capital, are forecast to be in a range of $60 million to $70 million to fund organic growth projects on legacy assets.

The general partner of American Midstream is controlled by ArcLight Capital Partners.

American Midstream owns, operates, develops and acquires a diversified portfolio of midstream energy assets. The partnership provides midstream services in Texas, North Dakota, and the Gulf Coast and Southeast regions of the U.S.

Adjusted EBITDA for the three months ended March 31, 2016 was $20.3 million compared to $15.6 million for the same period in 2015, an increase of 30.1%. The increase was primarily related to incremental earnings from Delta House in the Gulf of Mexico.

Net loss attributable to the partnership for the three months ended March 31, 2016 was $4 million compared to a net income of $0.8 million for the same period in 2015. The net loss attributable to the partnership was primarily attributable to lower margins as well as higher direct operating expenses, selling, general and administrative expenses, and interest expense, partially offset by incremental earnings from unconsolidated affiliates.

Gross margin for the Gathering and Processing segment was $15.7 million for the three months ended March 31, 2016, compared to $21.0 million for the same period in 2015. The decrease in gross margin for the first quarter was primarily due to lower commodity prices and volumes, down approximately 40% and 10%, respectively, from the prior-year period, partially offset by incremental contributions from the Bakken system which commenced operations in October 2015.

Natural gas throughput volumes decreased in the Gathering and Processing segment for the reported period primarily due to decreased drilling activity around processing plants. Processed NGL and condensate volumes decreased primarily as a result of lower off-spec volumes at Longview.

Gross margin for the Transmission segment was $8.8 million for the three months ended March 31, 2016, compared to $10.1 million for the same period in 2015. The decrease in gross margin was primarily attributable to lower average throughput volumes on the High Point system and legacy Midla system and lower interruptible throughput volumes as a result of mild winter weather.

Gross margin for the Terminals segment was $3.1 million for the three months ended March 31, 2016, compared to $2.7 million for the same period in 2015. The increase in gross margin was primarily attributable to increases in utilized storage capacity at the Harvey terminal facility and contractual storage rate escalations.