Semgroup Corp. (SEMG) Raises Quarterly Dividend 12.5% to $0.27; 1.4% Yield

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Go back to Semgroup Corp. (SEMG) Raises Quarterly Dividend 12.5% to $0.27; 1.4% Yield

SemGroup Corporation Reports Second Quarter 2014 Results

August 7, 2014 4:15 PM EDT

Increased Quarterly Dividend by 12.5%

Completed White Cliffs Pipeline Expansion

TULSA, Okla., Aug. 7, 2014 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today announced its financial results for the three months ended June 30, 2014.

SemGroup's adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) was $57.5 million for the second quarter 2014, compared to $67.3 million for the first quarter 2014 and $43.6 million for the second quarter 2013, a decrease of approximately 15% over the previous quarter but up 32%, year over year. Adjusted EBITDA, which is a non-GAAP measure, is reconciled to... More