SemGroup (SEMG) Misses Q4 EPS by 20c, Revenues Miss

SemGroup (NYSE: SEMG) reported Q4 EPS of ($0.08), $0.20 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $611.86 million versus the consensus estimate of $623.9 million.

"Our strong fourth quarter results reflect ongoing growth at our Houston terminal and improved crude marketing margins," said SemGroup President and Chief Executive Officer Carlin Conner. "We continue to execute our strategy to strengthen our financial position and expand our physical footprint around our Gulf Coast and Canadian platforms. Last month we completed construction on the Wapiti gas plant in Alberta on budget and ahead of schedule and this week we closed on the SemCAMS joint venture and acquisition of Meritage. Since embarking on our capital raise plan we have raised approximately $1.6 billion through asset sales and strategic transactions like SemCAMS Midstream."

For earnings history and earnings-related data on SemGroup (SEMG) click here.

You May Also Be Interested In

• Tesla plans 'flying' Roadster stunt at SpaceX Texas site as early as August
• Diana Shipping withdraws bid to acquire Genco Shipping
• Zeo Energy Corp (ZEO) Misses Q2 EPS by 7c