SemGroup Corporation announced unaudited consolidated earnings results for the first quarter ended March 31, 2017. For the quarter, the company announced revenues were $456,100,000 compared to $314,851,000 for the same period a year ago. Operating income was $23,457,000 compared to $32,324,000 for the same period a year ago. Loss from continuing operations before income taxes was $10,182,000 compared to $26,298,000 for the same period a year ago. Loss from continuing operations was $10,277,000 compared to $4,891,000 for the same period a year ago. Net loss attributable to the company was $10,277,000 compared to $13,913,000 for the same period a year ago. Net loss per common share, basic and diluted was $0.16 compared to $0.32 for the same period a year ago. EBITDA was $28,284,000 compared to $15,328,000 for the same period a year ago. Adjusted EBITDA was $60,667,000 compared to $77,676,000 for the same period a year ago. The net loss in first quarter 2017 was primarily due to a $19.9 million charge related to the refinancing of bonds.

The company is reaffirming its previously announced 2017 guidance of between $270 million and $310 million in adjusted EBITDA. Management expects to deploy approximately $500 million of capital expenditures in 2017, which includes $60 million of maintenance projects.