Azure Midstream Partners, LP Co
AZUR
New York Stock Exchange Arca0.77
USD
-0.01
- -
CIK
0001575599
Return %
Stock
S&P500
1Y
- -
19.43
3Y
- -
76.01
5Y
- -
74.94
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Energy
- Industry
- Oil & Gas Energy
- Address
- 12377 Merit Drive, Suite 300 Dallas United States of America 75251
- IPO Date
- Jan 30, 2015
- CIK
- 0001575599
- Similar Companies
- Business
- Azure Midstream Partners, LP (AZUR) operates as a midstream energy company focused on natural gas gathering, processing, and related services in the United States, primarily in the Haynesville Shale region spanning East Texas and North Louisiana; its core assets include gathering pipelines, compression, dehydration, treating, and processing facilities; crude oil transloading operations; and natural gas liquids (NGLs) sales and delivery to third parties. The partnership manages over 963 miles of gathering lines in the Shelby Trough sub-play and horizontal Cotton Valley play, three natural gas processing plants in Panola, San Augustine, and Tyler Counties of Texas, two NGL transportation pipelines connecting to third-party systems, and three crude oil transloading facilities with six transloaders. Founded in 2013 as a Delaware limited partnership and headquartered in Dallas, Texas, Azure Midstream Partners targets producers in key U.S. shale basins with fee-based contracts. In recent developments, the partnership, formerly known as Marlin Midstream Partners, LP, changed its name to Azure Midstream Partners, LP in May 2015 following Azure Midstream Energy LLC's acquisition of its general partner; it underwent NYSE delisting in June 2016 due to low market capitalization and shifted to OTC trading under AZUR before becoming defunct (AZURQ). Affiliates faced bankruptcy proceedings around 2017, with assets such as the Legacy gathering system sold for $162.5 million and midstream operations in East Texas and North Louisiana acquired by an Enterprise Products Partners affiliate for $189 million. Separately, Azure Midstream Energy, the related operating entity founded in 2012 and headquartered in Katy/Houston, Texas, was acquired by Clearfork Midstream Partners in early 2022 with backing from EnCap Flatrock Midstream, enhancing its 500+ miles of pipelines and 1.2 billion cubic feet per day treating capacity in the Haynesville core.