SemGroup (SEMG) Tops Q4 EPS by 1c

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SemGroup Corporation Announces Fourth Quarter and Full Year 2016 Results

February 23, 2017 4:15 PM EST

TULSA, Okla., Feb. 23, 2017 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today announced its fourth quarter and full year 2016 financial results, as well as a quarterly dividend and 2017 financial guidance.

SemGroup reported fourth quarter 2016 revenues of $402.2 million with net income attributable to SemGroup of $12.0 million, or $0.18 per diluted share. This compares with third quarter 2016 revenues of $327.8 million with a net loss attributable to SemGroup of $4.9 million, or $0.09 per diluted share. Fourth quarter 2015 revenues totaled $382.5 million with net income attributable to SemGroup of $0.7 million, or $0.02 per diluted share.

For the year ended December 31, 2016,... More