SemGroup (SEMG) Misses Q1 EPS by 35c, Revenues Miss; Affirms FY19 Adj. EBITDA Outlook

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SemGroup Reports Financial Results for First Quarter 2019

May 7, 2019 4:16 PM EDT

Higher First Quarter Segment Profit Driven by U.S. Liquids and Canadian SegmentsStrategic Transactions Driving Debt Reduction InitiativesAffirming 2019 Consolidated Adjusted EBITDA Guidance Range of Between $420 Million and $465 MillionContinued Progress on Gulf Coast and Canadian Projects to Drive Incremental Earnings in 2020

TULSA, Okla., May 07, 2019 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today reported first quarter 2019 net loss of $3.3 million, compared to net income of $3 million in the fourth quarter 2018 and net loss of $33 million in the first quarter 2018.

First quarter 2019 Adjusted EBITDA (adjusted... More