SemGroup (SEMG) Misses Q3 EPS by 11c, Revenues Miss

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SemGroup Reports Third Quarter 2019 Financial Results

November 7, 2019 4:07 PM EST

SemGroup Shareholder Meeting Set for December 4th to Vote on Proposed Merger with Energy Transfer

TULSA, Okla., Nov. 07, 2019 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today reported third quarter 2019 net loss of $5.5 million, compared to second quarter net loss of $12.9 million and third quarter 2018 net income of $8.5 million.  The third quarter 2019 net loss improved over the prior quarter primarily driven by a one-time loss on disposal recognized in the second quarter of 2019.

Third quarter 2019 Adjusted EBITDA (adjusted earnings before interest, taxes, depreciation and amortization) was... More