SemGroup (SEMG) Misses Q4 EPS by 6c, Revenue Beats

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Go back to SemGroup (SEMG) Misses Q4 EPS by 6c, Revenue Beats

SemGroup Reports Higher Financial Results for Fourth Quarter and Full-Year 2017

February 26, 2018 7:00 AM EST

Transformed Portfolio Substantially Increasing Take-or-Pay Cash FlowsRaised $790 Million through Asset Sales, Preferred Equity PlacementStrong 4Q Results Driven by New Gulf Coast Assets and Canadian BusinessExpect 2018 Adjusted EBITDA of between $385 Million - $415 MillionAnnounced Dividend of $0.4725 Per Share, Resulting in Annualized Dividend of $1.89 Per Share

TULSA, Okla., Feb. 26, 2018 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today reported fourth quarter 2017 net income of $2.6 million, compared to net loss of $19.1 million in third quarter 2017 and net income... More