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SEMG - SemGroup Corporation

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by Marvan, Apr 27, 2019.

  1. Marvan

    Marvan Member

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    SemGroup Corporation provides gathering, transportation, storage, distribution, marketing, and other midstream services for producers, refiners of petroleum products, and other market participants.

    The company operates in three segments: U.S. Liquids, U.S. Gas, and Canada.

    The U.S. Liquids segment operates crude oil pipelines, truck transportation, storage, terminals, and marketing businesses; stores, blends, and transports refinery products and refinery feedstock through pipeline, barge, rail, truck, and ship; and operates a residual fuel oil storage terminal in the U.S. Gulf Coast.

    This segment has 18.2 million barrels of storage capacity on the Houston Ship Channel; and 7.6 million barrels of storage capacity at the Cushing Interchange. It also operates a 460-mile crude oil gathering and transportation pipeline system in Kansas and northern Oklahoma; 75-mile crude oil gathering pipeline system that transports crude oil from production facilities in the DJ Basin to the pipeline owned by White Cliffs Pipeline, L.L.C.; 2 parallel 527-mile pipelines that transports crude oil from Platteville, Colorado to Cushing, Oklahoma; 3 pipelines with an aggregate of 106 miles of pipe; 30-lane crude oil truck unloading facility in Platteville, Colorado; and crude oil trucking fleet of approximately 245 transport trucks and 235 trailers.

    The U.S. Gas segment provides natural gas gathering, processing, and marketing services. It operates 842 miles of gathering lines in Oklahoma; and a 53-mile high pressure gathering pipeline located in the STACK play.

    The Canada segment owns and operates natural gas processing and gathering facilities with approximately 530 miles of natural gas gathering and transportation pipelines in Alberta, Canada.

    SemGroup Corporation was founded in 2000 and is headquartered in Tulsa, Oklahoma.
     
  2. Marvan

    Marvan Member

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  3. Marvan

    Marvan Member

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    4/30/2019

    TULSA, Okla., April 30, 2019 (GLOBE NEWSWIRE) -- SemGroup® Corporation (NYSE:SEMG) today announced that its Board of Directors has declared a quarterly cash dividend to common shareholders. A dividend in the amount of $0.4725 per share, or $1.89 per share annualized, will be paid on May 20, 2019 to all common shareholders of record as of May 10, 2019.

    The Board of Directors also declared a dividend to holders of its 7% Series A Cumulative Perpetual Convertible Preferred Stock. The company elected, pursuant to the terms of the convertible preferred shares, to have the aggregate amount of $6.5 million that would have been payable in cash as a dividend added to the liquidation preference of such shares as a payment in kind. The payment date for the payment in kind on the shares of convertible preferred stock is May 20, 2019 and the record date is May 10, 2019.

    http://ir.semgroupcorp.com/press-re...es-Quarterly-Dividends-068c50e4b/default.aspx
     
  4. Marvan

    Marvan Member

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    TULSA, Okla. (AP) _ SemGroup Corp. (SEMG) on Tuesday reported a loss of $6.8 million in its first quarter.

    The Tulsa, Oklahoma-based company said it had a loss of 37 cents per share. Losses, adjusted for non-recurring costs, were 18 cents per share.

    The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

    The petroleum pipeline and storage company posted revenue of $567.2 million in the period.

    SemGroup shares have declined nearly 9% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $12.60, a fall of 48% in the last 12 months.

    https://uk.finance.yahoo.com/news/semgroup-1q-earnings-snapshot-231634646.html
     
  5. Marvan

    Marvan Member

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    SemCAMS Midstream and Keyera to Build Canadian Liquids Pipeline System
    • New condensate and NGL pipeline system to deliver growing Montney and Duvernay production to Fort Saskatchewan market
    • Pipeline supported by long-term contracts with significant take-or-pay commitments
    • Leverages SemCAMS Midstream’s high-quality assets and enhances its competitive positioning
    • Creates integrated offering for producers throughout the value chain
    • Replaces SemCAMS Midstream’s previously announced Montney to Market (M2M) pipeline
    • Construction spending expected to begin in second half of 2020
    http://ir.semgroupcorp.com/press-re...Canadian-Liquids-Pipeline-System/default.aspx
     
    T0rm3nted likes this.
  6. Marvan

    Marvan Member

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    SemGroup Corporation reported adjusted loss of 18 cents per share in first-quarter 2019, much wider than the Zacks Consensus Estimate of a loss of a penny.

    The underperformance was attributed to weaker-than-expected contribution from U.S. Gas and Canada units.
    Precisely, profits from U.S. Gas and Canada units came in at $12.2 million and 22.7 million, lagging the Zacks Consensus Estimate of $15.8 million and $25.5 million, respectively.

    The underperformance was attributed to weaker-than-expected contribution from U.S. Gas and Canada units. Precisely, profits from U.S. Gas and Canada units came in at $12.2 million and 22.7 million, lagging the Zacks Consensus Estimate of $15.8 million and $25.5 million, respectively.

    However, the reported loss was narrower than the year-ago loss of 35 cents a share, primarily on the back of higher y/y contribution from its biggest segment, U.S. Liquids.

    Total revenues recorded in the quarter came in at $567.2 million, surpassing the Zacks Consensus Estimate of $553 million. However, the top line declined from the prior-year sales of $661.6 million.

    SemGroup Corporation Price, Consensus and EPS Surprise

    [​IMG]
    SemGroup Corporation Price, Consensus and EPS Surprise

    U.S. Liquids: This segment — which includes operations of SemGroup U.S. Crude Transportation, Crude Facilities, and Storage Operation, Crude Supply & Logistics and HFOTCO — recorded a profit of $89.5 million, reflecting a rise of 31.4% from the year-ago quarter. White Cliffs pipeline volumes of 147 thousand barrels per day (Mbbl/d) were notably higher than the year-ago figure of 107Mbbl/d. Additionally, margin gains and higher utilization from Cushing and Houston storage terminals drove the segment’s results.

    U.S. Gas: Profit generated from this segment (the erstwhile SemGas unit) amounted to $12.2 million, lower than $14.3 million income recorded a year ago amid reduced average processing volumes and drilling activities.

    Canada: This unit includes the results of SemGroup’s legacy SemCAMS segment plus Meritage assets.

    The segment’s profit in the quarter under review totaled $22.7 million compared with $22.1 million incurred in the corresponding quarter of the last year. The improvement can be attributed to higher average gas processing volumes on the back of incremental contribution from new plants namely, Patterson Creek and Wapiti.

    As of Mar 31, the company had a long-term debt of around $2.5 billion. Its debt-to-capitalization ratio was 54%.

    SemGroup reaffirmed its guidance for 2019. The firm expects full-year 2019 net capital outlay of $307 million that includes $45 million associated with maintenance projects. Further, the company projects adjusted EBITDA for the year in the $420-$465 million range.

    https://uk.finance.yahoo.com/news/semgroup-semg-q1-loss-wider-123912284.html
     
  7. Marvan

    Marvan Member

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    It has been about a month since the last earnings report for SemGroup (SEMG). Shares have added about 1.4% in that time frame, outperforming the S&P 500.

    Will the recent positive trend continue leading up to its next earnings release, or is SemGroup due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.

    SemGroup Q1 Loss Wider Than Expected, Sales Down Y/Y

    SemGroup Corporation reported adjusted loss of 18 cents per share in first-quarter 2019, much wider than the Zacks Consensus Estimate of a loss of a penny. The underperformance was attributed to weaker-than-expected contribution from U.S. Gas and Canada units. Precisely, profits from U.S. Gas and Canada units came in at $12.2 million and 22.7 million, lagging the Zacks Consensus Estimate of $15.8 million and $25.5 million, respectively.

    However, the reported loss was narrower than the year-ago loss of 35 cents a share, primarily on the back of higher y/y contribution from its biggest segment, U.S. Liquids.

    Total revenues recorded in the quarter came in at $567.2 million, surpassing the Zacks Consensus Estimate of $553 million. However, the top line declined from the prior-year sales of $661.6 million.

    Segmental Information

    U.S. Liquids:This segment — which includes operations of SemGroup U.S. Crude Transportation, Crude Facilities, and Storage Operation, Crude Supply & Logistics and HFOTCO — recorded a profit of $89.5 million, reflecting a rise of 31.4% from the year-ago quarter. White Cliffs pipeline volumes of 147 thousand barrels per day (Mbbl/d) were notably higher than the year-ago figure of 107Mbbl/d. Additionally, margin gains and higher utilization from Cushing and Houston storage terminals drove the segment’s results." This segment — which includes operations of SemGroup U.S. Crude Transportation, Crude Facilities, and Storage Operation, Crude Supply & Logistics and HFOTCO — recorded a profit of $89.5 million, reflecting a rise of 31.4% from the year-ago quarter. White Cliffs pipeline volumes of 147 thousand barrels per day (Mbbl/d) were notably higher than the year-ago figure of 107Mbbl/d. Additionally, margin gains and higher utilization from Cushing and Houston storage terminals drove the segment’s results.

    U.S. Gas:Profit generated from this segment (the erstwhile SemGas unit) amounted to $12.2 million, lower than $14.3 million income recorded a year ago amid reduced average processing volumes and drilling activities.U.S. Gas: Profit generated from this segment (the erstwhile SemGas unit) amounted to $12.2 million, lower than $14.3 million income recorded a year ago amid reduced average processing volumes and drilling activities.

    Canada:This unit includes the results of SemGroup’s legacy SemCAMS segment plus Meritage assets." Canada: This unit includes the results of SemGroup’s legacy SemCAMS segment plus Meritage assets.

    The segment’s profit in the quarter under review totaled $22.7 million compared with $22.1 million incurred in the corresponding quarter of the last year. The improvement can be attributed to higher average gas processing volumes on the back of incremental contribution from new plants namely, Patterson Creek and Wapiti.

    Balance Sheet & Guidance

    As of Mar 31, the company had a long-term debt of around $2.5 billion. Its debt-to-capitalization ratio was 54%.

    SemGroup reaffirmed its guidance for 2019. The firm expects full-year 2019 net capital outlay of $307 million that includes $45 million associated with maintenance projects. Further, the company projects adjusted EBITDA for the year in the $420-$465 million range.

    How Have Estimates Been Moving Since Then?

    It turns out, fresh estimates flatlined during the past month.

    VGM Scores

    Currently, SemGroup has a great Growth Score of A, though it is lagging a lot on the Momentum Score front with a D. Charting a somewhat similar path, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.

    Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.

    Outlook

    SemGroup has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.

    https://uk.finance.yahoo.com/news/why-semgroup-semg-1-4-133101060.html
     
    #7 Marvan, Jun 6, 2019
    Last edited: Jun 6, 2019
  8. Marvan

    Marvan Member

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  9. Marvan

    Marvan Member

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    TULSA, Okla., July 05, 2019 (GLOBE NEWSWIRE) --

    Due to ongoing shipper interest, SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) have announced the commencement of a supplemental open season for natural gas liquids (NGL) transportation service on the Wattenberg Pipeline, White Cliffs Pipeline, and Southern Hills Pipeline, which will connect Weld County, Colorado to Mont Belvieu, Texas.

    SemGroup is currently converting a portion of White Cliffs to NGL service and expects it to be in service in the fourth quarter of 2019.

    When combined with Southern Hills Pipeline, the system provides DJ Basin customers with increased NGL takeaway capacity and open access to the Texas Gulf Coast markets.

    SemGroup owns 51 percent of White Cliffs Pipeline and is the operator. DCP owns 100 percent of Wattenberg Pipeline and 66 percent of Southern Hills Pipeline, and is the operator of both pipelines.

    Service will be provided under a published joint tariff between the two carriers.

    The open season will provide prospective shippers an opportunity to make long-term ship-or-pay volume commitments by executing transportation services agreements with White Cliffs and DCP, in exchange for incentive transportation rates.

    The terms and conditions of service being made available during this open season extension are the same as those made available to shippers during the initial open season held in May 2018.

    http://ir.semgroupcorp.com/press-re...necting-DJ-Basin-to-Mont-Belvieu/default.aspx
     
  10. Marvan

    Marvan Member

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    The market expects SemGroup (SEMG) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2019.

    This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.

    https://uk.finance.yahoo.com/news/earnings-preview-semgroup-semg-q2-143302885.html
     
  11. Marvan

    Marvan Member

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    SemGroup (SEMG) came out with a quarterly loss of $0.18 per share versus the Zacks Consensus Estimate of a loss of $0.20.

    This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.

    This quarterly report represents an earnings surprise of 10%.

    A quarter ago, it was expected that this petroleum pipeline and storage company would post a loss of $0.01 per share when it actually produced a loss of $0.18, delivering a surprise of -1,700%.

    https://finance.yahoo.com/news/semgroup-semg-reports-q2-loss-002012062.html
     

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