Company profile

Ticker
SEMG
Exchange
CEO
Carlin G. Conner
Employees
Incorporated in
Location
Fiscal year end
SEC CIK
IRS number
203533152

SEMG stock data

(
)

Calendar

7 Nov 19
3 Jun 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Sep 19 Jun 19 Mar 19 Sep 18
Revenue 562.41M 674.94M 567.23M 634M
Net income -12.51M -25.59M -6.84M 8.46M
Diluted EPS -0.28 -0.45 -0.37 0.03
Net profit margin -2.22% -3.79% -1.21% 1.33%
Operating income 29.9M 17.59M 27.47M 39.7M
Net change in cash -38.92M -90.63M 273.57M 14.66M
Cash on hand 214.01M 252.93M 343.56M 69.99M
Cost of revenue 377.17M 493.58M 403.37M 468.87M
Annual (USD) Dec 17 Dec 16 Dec 15 Dec 14
Revenue 2.08B 1.33B 1.46B 2.12B
Net income -17.15M 2.1M 30.32M 29.24M
Diluted EPS -0.24 0.04 0.69 0.68
Net profit margin -0.82% 0.16% 2.08% 1.38%
Operating income 97.47M 121.59M 129.15M 126.99M
Net change in cash 19.48M 16.12M 17.5M
Cash on hand 93.7M 74.22M 58.1M 40.6M
Cost of revenue 979.55M 1.62B

Financial data from Semgroup earnings reports

Date Owner Security Transaction Code $Price #Shares $Value #Remaining
5 Dec 19 Warburg Pincus Series A Cumulative Perpetual Convertible Preferred Stock Class A Common Stock, $0.01 Par Value Dispose U 0 300,000 0 0
5 Dec 19 William J Mcadam Common Stock Sale back to company Dispose D 0 19,300 0 0
5 Dec 19 William J Mcadam Common Stock Sale back to company Dispose D 0 20,000 0 0
5 Dec 19 William J Mcadam Common Stock Sale back to company Dispose D 0 25,000 0 0
5 Dec 19 James H Lytal Common Stock Sale back to company Dispose D 0 35,058 0 0
5 Dec 19 Kurz Karl F Common Stock Sale back to company Dispose D 0 48,780 0 0
5 Dec 19 Sarah Morrison Barpoulis Common Stock Sale back to company Dispose D 0 29,009 0 0
5 Dec 19 Sarah Morrison Barpoulis Common Stock Sale back to company Dispose D 0 11,433 0 0
13F holders
Current Prev Q Change
Total holders 1 159 -99.4%
Opened positions 0 50 -100.0%
Closed positions 158 32 +393.8%
Increased positions 0 44 -100.0%
Reduced positions 0 43 -100.0%
13F shares
Current Prev Q Change
Total value 0 1.19B -100.0%
Total shares 0 72.65M -100.0%
Total puts 0 213.42K -100.0%
Total calls 0 104.99K -100.0%
Total put/call ratio 2.0
Largest owners
Shares Value Change
Proequities 0 $0
Largest transactions
Shares Bought/sold Change
Vanguard 0 -7.38M EXIT
Dimensional Fund Advisors 0 -6.46M EXIT
BLK BlackRock 0 -5.52M EXIT
Tortoise Capital Advisors, L.L.C. 0 -5.34M EXIT
Brookfield Public Securities 0 -5.11M EXIT
GS Goldman Sachs 0 -3.67M EXIT
AMP Capital Investors 0 -2.62M EXIT
Clearbridge Advisors 0 -2.62M EXIT
Magnetar Financial 0 -1.99M EXIT
STT State Street 0 -1.8M EXIT

Financial report summary

?
Risks
  • Because the market price of a common unit representing a limited partnership interest in Energy Transfer (“ET Common Unit”) will fluctuate prior to the consummation of the merger, SemGroup stockholders cannot be sure of the market value of ET Common Units that they will receive in the merger.
  • The Merger is subject to various closing conditions, and any delay in completing the merger may reduce or eliminate the benefits expected and delay the payment of the Merger Consideration to SemGroup’s common stockholders.
  • Certain executive officers and directors of SemGroup have interests in the Merger that are different from, or in addition to, the interests of SemGroup stockholders generally, which could have influenced their decision to support or approve the Merger.
  • The Merger Agreement limits SemGroup’s ability to pursue alternatives to the Merger.
  • If the Merger Agreement is terminated, under certain circumstances, SemGroup may be obligated to reimburse ET for costs incurred related to the Merger or pay a breakup fee to ET. These costs could require SemGroup to seek loans or use SemGroup’s available cash that would have otherwise been available for operations, dividends or other general corporate purposes.
  • The pendency of the Merger could materially adversely affect the future business and operations of SemGroup or result in a loss of SemGroup employees.
  • Failure to complete the Merger could negatively affect the stock price of SemGroup and its future businesses and financial results.
Management Discussion
  • Revenues, costs of products sold and operating expenses are analyzed by operating segment below.
  • General and administrative expense increased in the three months ended September 30, 2019, to $29.7 million from $21.9 million in the three months ended September 30, 2018. The increase is primarily due to merger and acquisition related costs. General and administrative expense increased in the nine months ended September 30, 2019, to $84.7 million from $71.3 million in the nine months ended September 30, 2018. The increase is primarily due to merger and acquisition costs including the formation of SemCAMS Midstream and the acquisition of Meritage Midstream ULC.
  • Depreciation and amortization expense increased in the three months ended September 30, 2019, to $61.5 million from $53.6 million in the three months ended September 30, 2018. The increase is primarily due to additional assets placed in service by our Gulf Coast terminal and Canadian business and increased amortization of intangibles related to our Gulf Coast terminal and the acquisition of Meritage Midstream ULC. Depreciation and amortization expense increased in the nine months ended September 30, 2019, to $184.5 million from $155.9 million in the nine months ended September 30, 2018. The increase is primarily due to additional assets placed in service by our Gulf Coast terminal and Canadian business and increased amortization of intangibles related to our Gulf Coast terminal and the acquisition of Meritage Midstream ULC.
Content analysis ?
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Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Removed: discount, lead, Lime, Mississippi, Stack, supplier, translation