SemGroup Energy Partners, L.P. Increases Quarterly Distribution
January 24, 2008
SemGroup Energy Partners, L.P. (NASDAQ: SGLP) today announced that the board of directors of its general partner has declared a quarterly cash distribution of $0.3375 per unit for the fourth quarter of 2007, or $1.35 per unit on an annualized basis. This distribution represents an increase of 8 percent over the minimum quarterly distribution amount of $0.3125 per unit, which SGLP paid on a pro-rata basis for the third quarter of 2007. The distribution is payable on February 14, 2008 on all outstanding common and subordinated units to unitholders of record as of the close of business on February 1, 2008.
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SemGroup Energy Partners, L.P. Announces Filing of Registration Statement
January 18, 2008
SemGroup Energy Partners, L.P. (NASDAQ: SGLP) today announced that it has filed with the Securities and Exchange Commission a registration statement for an underwritten public offering of 6,000,000 of its common units representing limited partner interests. The net proceeds from this offering will be used to partially fund the previously announced acquisition of 46 U.S. liquid asphalt cement and residual fuel oil terminalling and storage facilities with an aggregate shell capacity of approximately 6.6 million barrels from SemMaterials, L.P., which is a subsidiary of privately owned SemGroup, L.P. (“SemGroup”). The underwriters will be granted a 30-day over-allotment option to purchase up to 900,000 additional common units.
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SemMaterials, L.P. Agrees to Sell Asphalt Terminals and Storage Assets to SemGroup Energy Partners, L.P.
January 14, 2008
SemMaterials, L.P., a subsidiary of SemGroup, L.P., today announced it has agreed to sell 46 U.S. liquid asphalt cement and residual fuel oil terminalling and storage facilities to SemGroup Energy Partners, L.P. (NASDAQ: SGLP) for $378.8 million. The terminalling and storage facilities, located in 23 states, have aggregate storage capacity of approximately 6.6 million barrels. SGLP will provide SemMaterials liquid asphalt cement and residual fuel oil terminalling and storage services under a long-term terminalling and storage agreement.
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SemGroup Energy Partners, L.P. Reports Pre- and Post-IPO Third-Quarter 2007 Results
November 13, 2007
SemGroup Energy Partners, L.P. (“SemGroup Energy Partners” or the “Partnership”) (NASDAQ: SGLP) today reported its financial results for the quarter ended September 30, 2007. These results include the results of the Partnership’s predecessor (the “Predecessor”) through July 19, 2007 (the “Pre-IPO Period”) and the results of operations from July 20, 2007 to September 30, 2007 (the “Post-IPO Period”), which corresponds to the Partnership’s entering into the Throughput Agreement with SemGroup, L.P., the Partnership’s parent company, in connection with the Partnership’s initial public offering (“IPO”). Unless stated otherwise, the results discussed in this release are for the full quarter, including both the Pre-IPO Period and the Post-IPO Period. Results for 2006 are for the Predecessor. The Predecessor did not record any revenue associated with the gathering and transportation and terminalling and storage services provided on an intercompany basis, but did recognize the costs of providing such services.
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SemGroup Energy Partners, L.P. Declares Prorated Quarterly Distribution; Schedules Third-Quarter 2007 Earnings Conference Call
October 25, 2007
SemGroup Energy Partners, L.P. (NASDAQ: SGLP) announced today that the board of directors of its general partner has declared a prorated quarterly cash distribution of $0.24 per unit, or $1.25 per unit on an annualized basis, for the third quarter of 2007. This cash distribution will be paid November 14, 2007, on all outstanding common and subordinated units to holders of record as of the close of business on November 1, 2007. This is the first distribution declared by the Partnership and corresponds to the minimum quarterly distribution of $0.3125 per unit, prorated for the partial quarter following the closing of the Partnership's initial public offering on July 23, 2007.
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SemGroup Energy Partners, L.P. Reports Second Quarter 2007 Pre-IPO Financial Results
August 15, 2007
SemGroup Energy Partners, L.P. (“the Partnership”) (NASDAQ: SGLP) today reported Pre-Initial Public Offering (IPO) results for the second quarter, which included net losses of $12.2 million and $24.5 million, respectively, for the three and six months ended June 30, 2007. These financial results reflect the historical results of the Partnership's predecessor. The Partnership’s predecessor did not record any revenue associated with the gathering, transportation, terminalling and storage services provided on an intercompany basis, but did recognize the costs of providing such services.
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SemCAMS and Grand Banks Energy Successfully Start-Up Tower Creek Pipeline
July 27, 2007
SemCAMS in association with Grand Banks Energy has successfully started up the Tower Creek Pipeline which began construction last year. The $14.5 million, 18 kilometre project transports sour natural gas from the Grand Banks well and dehydration facility located 45 kilometres northwest of Hinton, AB through the Obed/Gregg Lake pipeline to SemCAMS Kaybob #3 Plant.
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