Intrinsic value of Semgroup Cl A - SEMG

Previous Close

$17.08

  Intrinsic Value

$9.88

stock screener

  Rating & Target

sell

-42%

Previous close

$17.08

 
Intrinsic value

$9.88

 
Up/down potential

-42%

 
Rating

sell

We calculate the intrinsic value of SEMG stock by summing up the current values of future distributable cash flows generated by the company and dividing the sum by the number of outstanding shares. As such, the intrinsic value calculation depends entirely on projections. The more accurate your projections of the company's performance are - the more reliable is the intrinsic value calculation result. Please make sure to check the stock valuation input data below and adjust it if necessary. The quality of the output (intrinsic valuation result) is only as good as the quality of the input. See also DISCLAIMERS.

STOCK VALUATION INPUT DATA

Revenue (in 0001), $M
Initial revenue growth rate, %
Terminal revenue growth rate, %
Revenue decline factor
Initial discount rate, %
Discount rate multiplier
Variable cost ratio, %
Fixed operating expenses, $M
Interest rate on debt, %
Effective corporate tax rate, %
Production assets / Revenue, %
Life of production assets, yrs
Working capital / Revenue, %
Revenue / Adjusted assets
Adjusted equity ratio
Cash flow adjustment, % of Revenue
Book value of equity, $M
Shares outstanding, mln
Market capitalization, $bln 1.3

 

FINANCIAL STATEMENTS FORECAST and PRESENT VALUE CALCULATION

Fiscal year
   2
   3
   4
   5
   6
   7
   8
   9
   10
   11
   12
   13
   14
   15
   16
   17
   18
   19
   20
   21
   22
   23
   24
   25
   26
   27
   28
   29
   30
   31

INCOME STATEMENT

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenue growth rate, %
  25.90
  23.81
  21.93
  20.24
  18.71
  17.34
  16.11
  15.00
  14.00
  13.10
  12.29
  11.56
  10.90
  10.31
  9.78
  9.30
  8.87
  8.49
  8.14
  7.82
  7.54
  7.29
  7.06
  6.85
  6.67
  6.50
  6.35
  6.22
  6.09
  5.98
Revenue, $m
  2,621
  3,245
  3,957
  4,758
  5,648
  6,627
  7,695
  8,849
  10,087
  11,408
  12,810
  14,291
  15,849
  17,483
  19,193
  20,979
  22,840
  24,778
  26,795
  28,891
  31,070
  33,334
  35,686
  38,132
  40,674
  43,318
  46,069
  48,932
  51,914
  55,021
Variable operating expenses, $m
  2,510
  3,092
  3,755
  4,502
  5,332
  6,245
  7,241
  8,317
  9,472
  10,704
  11,945
  13,326
  14,779
  16,303
  17,898
  19,563
  21,298
  23,106
  24,986
  26,941
  28,972
  31,083
  33,277
  35,557
  37,928
  40,394
  42,959
  45,629
  48,409
  51,306
Fixed operating expenses, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total operating expenses, $m
  2,510
  3,092
  3,755
  4,502
  5,332
  6,245
  7,241
  8,317
  9,472
  10,704
  11,945
  13,326
  14,779
  16,303
  17,898
  19,563
  21,298
  23,106
  24,986
  26,941
  28,972
  31,083
  33,277
  35,557
  37,928
  40,394
  42,959
  45,629
  48,409
  51,306
Operating income, $m
  111
  153
  202
  256
  316
  382
  454
  532
  615
  705
  865
  965
  1,070
  1,180
  1,296
  1,416
  1,542
  1,673
  1,809
  1,950
  2,097
  2,250
  2,409
  2,574
  2,746
  2,924
  3,110
  3,303
  3,505
  3,714
EBITDA, $m
  362
  448
  546
  657
  780
  915
  1,063
  1,222
  1,393
  1,575
  1,769
  1,973
  2,189
  2,414
  2,651
  2,897
  3,154
  3,422
  3,700
  3,990
  4,291
  4,603
  4,928
  5,266
  5,617
  5,982
  6,362
  6,757
  7,169
  7,598
Interest expense (income), $m
  71
  154
  207
  267
  336
  413
  499
  593
  697
  808
  928
  1,055
  1,190
  1,333
  1,484
  1,642
  1,807
  1,979
  2,159
  2,346
  2,541
  2,743
  2,954
  3,172
  3,399
  3,635
  3,881
  4,136
  4,402
  4,678
  4,966
Earnings before tax, $m
  -43
  -53
  -65
  -80
  -97
  -117
  -140
  -165
  -193
  -223
  -190
  -226
  -264
  -304
  -346
  -391
  -437
  -486
  -537
  -590
  -646
  -703
  -763
  -825
  -890
  -957
  -1,026
  -1,099
  -1,174
  -1,252
Tax expense, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Net income, $m
  -43
  -53
  -65
  -80
  -97
  -117
  -140
  -165
  -193
  -223
  -190
  -226
  -264
  -304
  -346
  -391
  -437
  -486
  -537
  -590
  -646
  -703
  -763
  -825
  -890
  -957
  -1,026
  -1,099
  -1,174
  -1,252

BALANCE SHEET

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cash and short-term investments, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Total assets, $m
  6,773
  8,386
  10,224
  12,294
  14,594
  17,125
  19,883
  22,865
  26,065
  29,479
  33,101
  36,927
  40,953
  45,176
  49,595
  54,209
  59,019
  64,027
  69,237
  74,653
  80,283
  86,133
  92,213
  98,531
  105,101
  111,932
  119,041
  126,439
  134,144
  142,172
Adjusted assets (=assets-cash), $m
  6,773
  8,386
  10,224
  12,294
  14,594
  17,125
  19,883
  22,865
  26,065
  29,479
  33,101
  36,927
  40,953
  45,176
  49,595
  54,209
  59,019
  64,027
  69,237
  74,653
  80,283
  86,133
  92,213
  98,531
  105,101
  111,932
  119,041
  126,439
  134,144
  142,172
Revenue / Adjusted assets
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
  0.387
Average production assets, $m
  3,460
  4,284
  5,223
  6,280
  7,455
  8,748
  10,157
  11,680
  13,315
  15,059
  16,909
  18,864
  20,920
  23,078
  25,335
  27,692
  30,149
  32,708
  35,369
  38,136
  41,012
  44,000
  47,106
  50,334
  53,690
  57,180
  60,811
  64,590
  68,526
  72,627
Working capital, $m
  60
  75
  91
  109
  130
  152
  177
  204
  232
  262
  295
  329
  365
  402
  441
  483
  525
  570
  616
  664
  715
  767
  821
  877
  935
  996
  1,060
  1,125
  1,194
  1,265
Total debt, $m
  3,827
  4,943
  6,216
  7,647
  9,239
  10,990
  12,899
  14,963
  17,177
  19,540
  22,046
  24,694
  27,480
  30,402
  33,460
  36,653
  39,981
  43,447
  47,052
  50,800
  54,696
  58,744
  62,951
  67,324
  71,870
  76,597
  81,516
  86,636
  91,968
  97,523
Total liabilities, $m
  4,687
  5,803
  7,075
  8,507
  10,099
  11,850
  13,759
  15,822
  18,037
  20,399
  22,906
  25,553
  28,340
  31,262
  34,320
  37,513
  40,841
  44,307
  47,912
  51,660
  55,556
  59,604
  63,811
  68,184
  72,730
  77,457
  82,376
  87,496
  92,828
  98,383
Total equity, $m
  2,086
  2,583
  3,149
  3,786
  4,495
  5,274
  6,124
  7,042
  8,028
  9,079
  10,195
  11,374
  12,614
  13,914
  15,275
  16,696
  18,178
  19,720
  21,325
  22,993
  24,727
  26,529
  28,401
  30,348
  32,371
  34,475
  36,665
  38,943
  41,316
  43,789
Total liabilities and equity, $m
  6,773
  8,386
  10,224
  12,293
  14,594
  17,124
  19,883
  22,864
  26,065
  29,478
  33,101
  36,927
  40,954
  45,176
  49,595
  54,209
  59,019
  64,027
  69,237
  74,653
  80,283
  86,133
  92,212
  98,532
  105,101
  111,932
  119,041
  126,439
  134,144
  142,172
Debt-to-equity ratio
  1.830
  1.910
  1.970
  2.020
  2.060
  2.080
  2.110
  2.120
  2.140
  2.150
  2.160
  2.170
  2.180
  2.180
  2.190
  2.200
  2.200
  2.200
  2.210
  2.210
  2.210
  2.210
  2.220
  2.220
  2.220
  2.220
  2.220
  2.220
  2.230
  2.230
Adjusted equity ratio
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308
  0.308

CASH FLOW

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net income, $m
  -43
  -53
  -65
  -80
  -97
  -117
  -140
  -165
  -193
  -223
  -190
  -226
  -264
  -304
  -346
  -391
  -437
  -486
  -537
  -590
  -646
  -703
  -763
  -825
  -890
  -957
  -1,026
  -1,099
  -1,174
  -1,252
Depreciation, amort., depletion, $m
  251
  295
  345
  401
  464
  533
  609
  690
  778
  871
  904
  1,009
  1,119
  1,234
  1,355
  1,481
  1,612
  1,749
  1,891
  2,039
  2,193
  2,353
  2,519
  2,692
  2,871
  3,058
  3,252
  3,454
  3,665
  3,884
Funds from operations, $m
  208
  241
  280
  321
  367
  416
  469
  525
  585
  648
  714
  783
  855
  930
  1,009
  1,090
  1,175
  1,263
  1,354
  1,449
  1,547
  1,650
  1,756
  1,866
  1,981
  2,101
  2,226
  2,355
  2,491
  2,632
Change in working capital, $m
  12
  14
  16
  18
  20
  23
  25
  27
  28
  30
  32
  34
  36
  38
  39
  41
  43
  45
  46
  48
  50
  52
  54
  56
  58
  61
  63
  66
  69
  71
Cash from operations, $m
  195
  227
  263
  303
  347
  394
  445
  499
  557
  617
  682
  749
  819
  893
  969
  1,049
  1,132
  1,218
  1,308
  1,401
  1,497
  1,598
  1,702
  1,810
  1,923
  2,040
  2,162
  2,290
  2,422
  2,560
Maintenance CAPEX, $m
  -147
  -185
  -229
  -279
  -336
  -399
  -468
  -543
  -625
  -712
  -805
  -904
  -1,009
  -1,119
  -1,234
  -1,355
  -1,481
  -1,612
  -1,749
  -1,891
  -2,039
  -2,193
  -2,353
  -2,519
  -2,692
  -2,871
  -3,058
  -3,252
  -3,454
  -3,665
New CAPEX, $m
  -711
  -824
  -939
  -1,057
  -1,175
  -1,293
  -1,409
  -1,523
  -1,635
  -1,744
  -1,850
  -1,954
  -2,057
  -2,157
  -2,257
  -2,357
  -2,457
  -2,558
  -2,661
  -2,767
  -2,876
  -2,988
  -3,106
  -3,228
  -3,356
  -3,490
  -3,631
  -3,780
  -3,936
  -4,101
Cash from investing activities, $m
  -858
  -1,009
  -1,168
  -1,336
  -1,511
  -1,692
  -1,877
  -2,066
  -2,260
  -2,456
  -2,655
  -2,858
  -3,066
  -3,276
  -3,491
  -3,712
  -3,938
  -4,170
  -4,410
  -4,658
  -4,915
  -5,181
  -5,459
  -5,747
  -6,048
  -6,361
  -6,689
  -7,032
  -7,390
  -7,766
Free cash flow, $m
  -663
  -782
  -905
  -1,033
  -1,164
  -1,298
  -1,432
  -1,567
  -1,703
  -1,838
  -1,974
  -2,110
  -2,246
  -2,383
  -2,522
  -2,663
  -2,806
  -2,952
  -3,103
  -3,258
  -3,418
  -3,584
  -3,757
  -3,937
  -4,125
  -4,321
  -4,527
  -4,742
  -4,968
  -5,205
Issuance/(repayment) of debt, $m
  968
  1,116
  1,273
  1,432
  1,592
  1,751
  1,909
  2,063
  2,215
  2,362
  2,507
  2,648
  2,786
  2,923
  3,058
  3,193
  3,328
  3,466
  3,605
  3,748
  3,896
  4,048
  4,207
  4,373
  4,546
  4,728
  4,919
  5,120
  5,332
  5,555
Issuance/(repurchase) of shares, $m
  471
  550
  632
  717
  806
  897
  989
  1,083
  1,178
  1,274
  1,306
  1,404
  1,504
  1,604
  1,707
  1,812
  1,919
  2,029
  2,142
  2,259
  2,380
  2,505
  2,636
  2,771
  2,913
  3,061
  3,216
  3,377
  3,547
  3,725
Cash from financing (excl. dividends), $m  
  1,439
  1,666
  1,905
  2,149
  2,398
  2,648
  2,898
  3,146
  3,393
  3,636
  3,813
  4,052
  4,290
  4,527
  4,765
  5,005
  5,247
  5,495
  5,747
  6,007
  6,276
  6,553
  6,843
  7,144
  7,459
  7,789
  8,135
  8,497
  8,879
  9,280
Total cash flow (excl. dividends), $m
  776
  884
  999
  1,116
  1,233
  1,350
  1,466
  1,579
  1,690
  1,798
  1,839
  1,942
  2,044
  2,144
  2,243
  2,342
  2,441
  2,542
  2,644
  2,749
  2,857
  2,969
  3,086
  3,207
  3,334
  3,468
  3,608
  3,755
  3,911
  4,075
Retained Cash Flow (-), $m
  -471
  -550
  -632
  -717
  -806
  -897
  -989
  -1,083
  -1,178
  -1,274
  -1,306
  -1,404
  -1,504
  -1,604
  -1,707
  -1,812
  -1,919
  -2,029
  -2,142
  -2,259
  -2,380
  -2,505
  -2,636
  -2,771
  -2,913
  -3,061
  -3,216
  -3,377
  -3,547
  -3,725
Prev. year cash balance distribution, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash flow adjustment, $m
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
  0
Cash available for distribution, $m
  306
  334
  367
  398
  427
  454
  476
  496
  512
  524
  533
  538
  540
  539
  536
  530
  523
  513
  502
  491
  478
  464
  450
  436
  421
  407
  392
  378
  364
  350
Discount rate, %
  10.20
  10.71
  11.25
  11.81
  12.40
  13.02
  13.67
  14.35
  15.07
  15.82
  16.61
  17.45
  18.32
  19.23
  20.20
  21.21
  22.27
  23.38
  24.55
  25.77
  27.06
  28.42
  29.84
  31.33
  32.90
  34.54
  36.27
  38.08
  39.99
  41.98
PV of cash for distribution, $m
  277
  273
  267
  255
  238
  218
  194
  170
  145
  121
  98
  78
  61
  46
  34
  24
  17
  12
  8
  5
  3
  2
  1
  1
  0
  0
  0
  0
  0
  0
Current shareholders' claim on cash, %
  74.1
  56.0
  43.1
  33.7
  26.7
  21.4
  17.4
  14.3
  11.9
  9.9
  8.4
  7.2
  6.2
  5.4
  4.7
  4.1
  3.6
  3.1
  2.8
  2.5
  2.2
  1.9
  1.7
  1.5
  1.4
  1.2
  1.1
  1.0
  0.9
  0.8

SemGroup Corporation is a provider of gathering, transportation, storage, distribution, marketing and other midstream services to producers, refiners of petroleum products and other market participants located in the Midwest and Rocky Mountain regions of the United States and Canada. The Company's segments include Crude Transportation, which operates crude oil pipelines and truck transportation businesses in the United States; Crude Facilities, which operates crude oil storage and terminal businesses in the United States; Crude Supply and Logistics, which operates a crude oil marketing business; SemGas, which provides natural gas gathering and processing services; SemCAMS, which operates natural gas processing and gathering facilities in Alberta, Canada; SemLogistics, which owns petroleum products storage facility in the United Kingdom, and SemMexico, which provides liquid asphalt cement products and product application services to the Mexican market, and Corporate and Other.

FINANCIAL RATIOS  of  Semgroup Cl A (SEMG)

Valuation Ratios
P/E Ratio 564.5
Price to Sales 0.8
Price to Book 0.8
Price to Tangible Book
Price to Cash Flow 6.6
Price to Free Cash Flow -8
Growth Rates
Sales Growth Rate -8.5%
Sales - 3 Yr. Growth Rate %
EPS Growth Rate %
EPS - 3 Yr. Growth Rate %
Capital Spending Gr. Rate -35%
Cap. Spend. - 3 Yr. Gr. Rate 7.6%
Financial Strength
Quick Ratio NaN
Current Ratio 0
LT Debt to Equity 72.7%
Total Debt to Equity 72.7%
Interest Coverage 1
Management Effectiveness
Return On Assets 1.3%
Ret/ On Assets - 3 Yr. Avg. 1.9%
Return On Total Capital 0.1%
Ret/ On T. Cap. - 3 Yr. Avg. 1.1%
Return On Equity 0.2%
Return On Equity - 3 Yr. Avg. 1.8%
Asset Turnover 0.4
Profitability Ratios
Gross Margin 34.5%
Gross Margin - 3 Yr. Avg. 30.2%
EBITDA Margin 14.6%
EBITDA Margin - 3 Yr. Avg. 14.1%
Operating Margin 9.1%
Oper. Margin - 3 Yr. Avg. 8%
Pre-Tax Margin 1.9%
Pre-Tax Margin - 3 Yr. Avg. 3.9%
Net Profit Margin 0.2%
Net Profit Margin - 3 Yr. Avg. 1.2%
Effective Tax Rate 48%
Eff/ Tax Rate - 3 Yr. Avg. 46.3%
Payout Ratio 4650%

SEMG stock valuation input parameters

Revenue. Company's revenue (or sales) is always the starting point of any cash flow forecast. In the SEMG stock intrinsic value calculation we used $2081.917 million for the last fiscal year's total revenue generated by Semgroup Cl A. The default revenue input number comes from 0001 income statement of Semgroup Cl A. You may change it if you feel that it should be adjusted for some unusual circumstances that are not expected to be repeated in the future or if you already know (from interim financial statements, for example) that this year's revenue is going to be quite different.

Revenue growth rate. Forecasted future revenue growth rate is the most important input parameter for the intrinsic value calculation. Unlike other input parameters that are reasonably expected to be in line with their historic averages or their historic trends, the revenue growth rate by and large is a wild card: nobody really knows what the company's revenue will be in the future. Of course, the level of unpredictability is different for different industries (utility companies being the most predictable and, thus, less risky).
    We use three input parameters to forecast the revenue growth rate in our SEMG stock valuation model: a) initial revenue growth rate of 25.9% whose default value is the revenue growth rate in the most recent quarter compared to the quarterly revenue a year ago; b) terminal revenue growth rate of 5% whose default value is chosen to be close to the average nominal (i.e. not adjusted for inflation) GDP growth rate; and c) revenue decline factor of 0.9, which stipulates that revenue growth rate in each forecasted year will be equal to the difference of the revenue growth rate in the preceding year and the terminal revenue growth rate multiplied by this revenue decline factor (with the passage of time the revenue growth rate will be approaching the terminal revenue growth rate, but not quite reaching it - though the difference could be infinitesimally small).
    At the revenue decline factor of 1, the future revenue growth rate is forecasted to be constant and equal to the initial revenue growth rate. The smaller the revenue decline factor, the faster the revenue growth rate will approach the terminal revenue growth.

Discount rate. The discount rate is used for determining the present value of future cash flows: future cash flows are "discounted" as at normal conditions (that translate into positive expected return on investment) one dollar today is worth more than the same dollar in the future. Unlike all other valuation models, we use variable discount rate, i.e. it increases for each consecutive year. This is done to account for higher risk of cash flows coming in further in the future.
    The initial discount rate of 10.2%, whose default value for SEMG is calculated based on our internal credit rating of Semgroup Cl A, is applied to the cash flow expected to be received a year from now (well, actually, to be precise, in the financial year following the base year - the last year for which we have financial statements). For each consecutive year the discount rate is multiplied by the discount rate multiplier of 1.05, e.i. each year it increases by 5%. Feel free to change this number to correspond to your level of risk assessment of Semgroup Cl A.
    By the way, it is easy to set the discount rate to be constant (this would make comparison with other valuation models easier): just set the discount rate multiplier equal to 1 and chose the magnitude of the initial discount rate to your liking.

Variable cost ratio is the ratio of variable costs (i.e. costs that fluctuate with fluctuation of the volume of production) to the revenue expressed as a percentage. In the calculation of intrinsic value of SEMG stock the variable cost ratio is equal to 96.4%.

Fixed operating expenses is just that - expenses that are not dependant on the volume of production. They are set to $0 million in the base year in the intrinsic value calculation for SEMG stock. These expenses increase with the level of inflation in subsequent years.

Interest rate on debt is the average all-in rate of interest paid by the company on its debt. It is set at 5.4% for Semgroup Cl A.

Corporate tax rate of 27% is the nominal tax rate for Semgroup Cl A. In reality, companies find ways to pay much less taxes than that or not to pay them at all.

Cash flow adjustment could be used for any adjustment the investor deems necessary. Most commonly we use this field to account for stock options-related effects in excess of what is reported on the company's income statement. The cash flow adjustment is expressed as a percentage of the revenue, and in the current valuation of the SEMG stock is equal to 0%.

Production assets are the company's assets used for manufacturing products or provision of services. In the valuation model input table they are expressed as a percentage of revenue and for SEMG are equal to 132%.

Life of production assets of 18.7 years is the average useful life of capital assets used in Semgroup Cl A operations. It is used to calculate yearly capital expenditures needed to keep these assets in good order - we call it the maintenance CAPEX.

Working capital is the difference between the company's current assets and liabilities. In the model we use the ratio of working capital to revenue, which for SEMG is equal to 2.3%. A negative number means that the company is apt at using financial resources of its suppliers and customers; a large positive number, on the other hand, means that it either provides in-kind financing to others or is not good at managing its inventories.

Book value of equity - $1658.365 million for Semgroup Cl A - is used in calculation of the "floor" for intrinsic valuation based on the discounted cash flow (DCF) method. Even if the prospects are very bad for a company, its assets could always be sold now for their current fair market value.

Shares outstanding of 79.039 million for Semgroup Cl A is needed to calculate the intrinsic value of one share.

Market capitalization is used here only for reference purposes and as a quick check that the share price and the number of shares outstanding numbers are correct - something especially to be cognizant about at stock splits. So, the market capitalization of Semgroup Cl A at the current share price and the inputted number of shares is $1.3 billion.

RELATED COMPANIES Price Int.Val. Rating

COMPANY NEWS

▶ SemGroup: 3Q Earnings Snapshot   [05:04AM  Associated Press]
▶ SemGroup Reports Financial Results for Third Quarter 2018   [Nov-07-18 04:15PM  GlobeNewswire]
▶ SemGroup Declares Quarterly Dividend   [Oct-31-18 04:15PM  GlobeNewswire]
▶ 3 Oil and Gas Stocks With High Forward Dividends   [Oct-10-18 03:31PM  GuruFocus.com]
▶ SemGroup: 2Q Earnings Snapshot   [05:31PM  Associated Press]
▶ SemGroup Declares Quarterly Dividend   [Aug-07-18 04:15PM  GlobeNewswire]
▶ SemGroup to Participate in 2018 MLPA Investor Conference   [May-15-18 04:15PM  GlobeNewswire]
▶ SemGroup: 1Q Earnings Snapshot   [May-09-18 05:06AM  Associated Press]
▶ SemGroup Reports Financial Results for First Quarter 2018   [May-08-18 04:21PM  GlobeNewswire]
▶ SemGroup Declares Quarterly Dividend   [May-01-18 04:39PM  GlobeNewswire]
▶ SemGroup Completes Sale of U.K. Petroleum Storage Business   [Apr-12-18 04:15PM  GlobeNewswire]
▶ SemGroup meets 4Q profit forecasts   [05:09AM  Associated Press]
▶ SemGroup Corporation to Participate in Upcoming Conferences   [Feb-20-18 04:15PM  GlobeNewswire]
▶ SemGroup Corporation to Participate in UBS MLP Conference   [Jan-02-18 04:15PM  GlobeNewswire]
▶ SemGroup Completes Sale of Glass Mountain Pipeline   [Dec-26-17 07:00AM  GlobeNewswire]
▶ ETFs with exposure to SemGroup Corp. : November 16, 2017   [Nov-16-17 12:01PM  Capital Cube]
▶ SemGroup reports 3Q loss   [Nov-09-17 09:19AM  Associated Press]
▶ PRESS DIGEST-Canada - Oct 2   [Oct-02-17 06:47AM  Reuters]
▶ SemGroup posts 2Q profit   [Aug-07-17 10:39PM  Associated Press]

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