SemGroup: 3Q Earnings Snapshot
TULSA, Okla. (AP) _ SemGroup Corp. (SEMG) on Thursday reported a third-quarter loss of $12.5 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Tulsa, Oklahoma-based company said it had a loss of 28 cents. Losses, adjusted for non-recurring costs, were 25 cents per share.
The results met Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 25 cents per share.
The petroleum pipeline and storage company posted revenue of $562.4 million in the period.
SemGroup shares have climbed 16% since the beginning of the year. The stock has declined 24% in the last 12 months.