SemGroup (SEMG) Misses Q3 EPS by 10c, Revenues Beat

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SemGroup Reports Financial Results for Third Quarter 2018

November 7, 2018 4:15 PM EST

TULSA, Okla., Nov. 07, 2018 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today reported third quarter 2018 net income of $8.4 million, compared to net loss of $2.7 million in second quarter 2018 and net loss of $19.1 million in third quarter 2017. The improvement in quarter over quarter earnings is primarily due to an unrealized gain on commodity derivatives compared to an unrealized loss in the prior quarter.

Adjusted EBITDA (adjusted earnings before interest, taxes, depreciation and amortization) was $96.4 million in third quarter 2018, compared to $99 million in second quarter 2018, and $90.7 million in third quarter 2017. Compared to prior quarter, current... More