Rose Rock Midstream (RRMS) Tops Q1 EPS by 29c
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Rose Rock Midstream, L.P. Reports First Quarter 2016 Results
May 5, 2016 4:20 PM EDTTULSA, Okla., May 05, 2016 (GLOBE NEWSWIRE) -- Rose Rock Midstream®, L.P. (NYSE: RRMS) today announced its financial results for the three months ended March 31, 2016.
Adjusted gross margin, which excludes Rose Rock's equity earnings in White Cliffs Pipeline and Glass Mountain Pipeline, was $48.0 million for the first quarter 2016, compared to $41.0 million for the first quarter 2015, and $43.8 million for the fourth quarter 2015. For the first quarter 2016 Rose Rock reported net income of $26.5 million, compared to $14.6 million for the first quarter 2015 and $1.6 million for the fourth quarter 2015.
Rose Rock Midstream's Adjusted earnings before interest,... More
