Rose Rock Midstream (RRMS) Misses Q2 EPS by 24c
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Rose Rock Midstream, L.P. Reports Second Quarter 2016 Results
August 4, 2016 4:15 PM EDTTULSA, Okla., Aug. 04, 2016 (GLOBE NEWSWIRE) -- Rose Rock Midstream®, L.P. (NYSE: RRMS) today announced its second quarter 2016 financial results.
Rose Rock Midstream reported second quarter 2016 net income of $9.9 million, compared with $17.1 million in second quarter 2015 and $26.5 million in first quarter 2016. Rose Rock Midstream's second quarter 2016 adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) was $44.9 million, flat compared to $44.7 million in second quarter 2015 and down about 8% from $49.0 million in first quarter 2016.
Rose Rock Midstream's second quarter 2016 Adjusted gross margin, which excludes equity earnings in White Cliffs Pipeline and Glass... More
