Oklahoma companies post earnings reports

Oklahoma companies post earnings reports
Published: May 9, 2013
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EARNINGS

SEMGROUP CORP.

SemGroup Corp. on Wednesday reported net income of $43.4 million, of $1.03 a share, in the first quarter after posting a loss of $1.4 million, or 3 cents a share, for the same period of last year. “We're off to a solid start in 2013 and pleased to be offering a cash dividend to our shareholders. This dividend complements our continued growth story and is an important part of our commitment to shareholders,” CEO Norm Szydlowski said. “We are excited about our growth opportunities, most notably our recently announced agreement to acquire Chesapeake's gas gathering and processing assets in the Mississippi Lime play. These new assets will increase our size and strategic position in the area and help us create additional value for our shareholders.” SemGroup also declared a quarterly cash dividend of 19 cents a share.

ROSE ROCK MIDSTREAM LP

Rose Rock Midstream LP tallied net income of $12 million, of 59 cents a unit, in the first quarter. That is up from $7.8 million, or 45 cents a unit, for the same period of last year. “The year is off to a tremendous start and we are pleased to report a strong quarter which positions us to deliver on our full-year expectations,” CEO Norm Szydlowski said. “Demand for our assets and services remains strong and we have good visibility for continued growth.”

MATRIX SERVICE CO.

Boosted by record quarterly revenues, Matrix Service Co. on Wednesday reported net income of $6.5 million, or 25 cents a share, for the third quarter. Matrix earned $4.9 million, or 19 cents a share, in the same quarter of last year. Officials said revenue from all four of Matrix's operating segments increased in the quarter. “Revenue and opportunities continue to be strong in both the core business and strategic growth areas with new awards in the first nine months of fiscal 2013 totaling $803.9 million, resulting in record backlog of $644.3 million,” CEO John Hewitt said. ”