Rose Rock Midstream (RRMS) Misses Q3 EPS by 17c

Rose Rock Midstream (NYSE: RRMS) reported Q3 EPS of $0.29, $0.17 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $241.1 million versus the consensus estimate of $238.88 million.

Due to market conditions, Rose Rock is revising previously announced 2015 consolidated Adjusted EBITDA guidance of between $180 and $200 million to a range of $175 to $185 million. The partnership is currently forecasted to spend approximately $150 million in capital investments in 2015, decreased from $185 million previously guided. The decrease is primarily driven by the timing of the capital expenditures. Rose Rock continues to allocate more than 90% of its capex to growth projects.

For earnings history and earnings-related data on Rose Rock Midstream (RRMS) click here.

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