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SemGroup: 2Q Earnings Snapshot

August 8, 2018

TULSA, Okla. (AP) _ SemGroup Corp. (SEMG) on Wednesday reported a second-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier.

The Tulsa, Oklahoma-based company said it had a loss of 11 cents per share. Earnings, adjusted for non-recurring costs, came to 12 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.

The petroleum pipeline and storage company posted revenue of $595.8 million in the period.

SemGroup shares have fallen 15 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $25.70, a rise of 4 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SEMG at https://www.zacks.com/ap/SEMG

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