SemGroup (SEMG) Reports Mixed Q1 Results
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SemGroup Corporation Announces First Quarter 2017 Results
May 4, 2017 4:15 PM EDTTULSA, Okla., May 04, 2017 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE: SEMG) today announced first quarter 2017 revenues of $456.1 million with net loss attributable to SemGroup of $10.3 million, or $0.16 per diluted share. This compares with fourth quarter 2016 revenues of $402.2 million with net income attributable to SemGroup of $12.0 million, or $0.18 per diluted share. First quarter 2016 revenues totaled $314.9 million with net loss attributable to SemGroup of $13.9 million, or $0.32 per diluted share. The net loss in first quarter 2017 was primarily due to a $19.9 million charge related to the refinancing of bonds. The refinancing resulted in lowered borrowing costs and extended... More
