SemGroup (SEMG) Posts Q3 Loss of 14c/Share

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Go back to SemGroup (SEMG) Posts Q3 Loss of 14c/Share

SemGroup Corporation Announces Third Quarter 2016 Results and Dividend

November 7, 2016 8:30 AM EST

TULSA, Okla., Nov. 07, 2016 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today announced its third quarter 2016 financial results and quarterly dividend.

SemGroup reported third quarter 2016 revenues of $327.8 million with a net loss attributable to SemGroup of $7.4 million, or a loss of $0.14 per diluted share. This compares with second quarter 2016 revenues of $287.4 million with net income attributable to SemGroup of $8.0 million, or $0.18 per diluted share. Third quarter 2015 revenues totaled $397.1 million with net income attributable to SemGroup of $4.9 million, or $0.11 per diluted share.

SemGroup's third quarter 2016 Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted... More