February 26, 2018 / 12:17 PM / 8 months ago

BRIEF-SemGroup Qtrly Earnings Per Share $0.03

Feb 26 (Reuters) - Semgroup Corp:

* SEMGROUP REPORTS HIGHER FINANCIAL RESULTS FOR FOURTH QUARTER AND FULL-YEAR 2017

* SAYS EXPECTS FULL-YEAR 2018 ADJUSTED EBITDA TO BE BETWEEN APPROXIMATELY $385 MILLION AND $415 MILLION

* SAYS FORECASTING 2018 CAPITAL EXPENDITURES OF $350 MILLION, INCLUDING APPROXIMATELY $40 MILLION RELATED TO MAINTENANCE PROJECTS

* QUARTERLY REVENUES $606.81 MILLION VERSUS $402.2 MILLION

* ‍BOARD APPROVED A QUARTERLY CASH DIVIDEND OF $0.4725 PER SHARE, RESULTING IN AN ANNUALIZED DIVIDEND OF $1.89 PER SHARE​

* SAYS IS TARGETING AT LEAST A 5 PERCENT ANNUAL DIVIDEND GROWTH RATE THROUGH 2019​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below