SemGroup Corporation reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2017. For the quarter, the company reported revenues of $545,922,000 against $327,764,000 a year ago. Operating loss was $24,599,000 against operating income of $25,947,000 a year ago. Loss from continuing operations before income taxes was $56.352 million against income from continuing operations before income taxes of $7.263 million a year ago. Loss from continuing operations was $19.103 million against $4.635 million a year ago. Net loss attributable to the company was $19,103,000 or $0.25 per basic and diluted share against $4,860,000 or $0.09 per basic and diluted share a year ago. EBITDA was $26,494,000 against $50,702,000 a year ago. Adjusted EBITDA was $90,733,000 against $71,290,000 a year ago. Third quarter adjusted EBITDA increased nearly 40% over the prior quarter, largely reflecting the positive addition of cash flows from 2 new Gulf Coast assets: Maurepas Pipeline and HFOTCO. The loss in third quarter 2017 includes non-cash impairment charges related to the company's crude oil trucking business and M&A transaction expenses, partially offset by an income tax benefit.

For the nine months, the company reported consolidated revenues of $1,475,111,000 against $929,992,000 a year ago. Operating income was $24,127,000 against $83,659,000 a year ago. Loss from continuing operations before income taxes was $53.298 million against $3.591 million a year ago. Loss from continuing operations was $19,769,000 against income of $1,260,000 a year ago. Net loss attributable to the company $19,769,000 or $0.29 per basic and diluted share against $9,908,000 or $0.21 per basic and diluted share a year ago. EBITDA was $107,093,000 against $124,541,000 a year ago. Adjusted EBITDA was $216,810,000 against $216,585,000 a year ago.

The company continues to expect its full-year 2017 Adjusted EBITDA to be between approximately $315 million and $330 million primarily due to weaker than expected margins from Crude Supply & Logistics and Crude Field Services, as well as the timing of earnings contributions from HFOTCO and Maurepas Pipeline. The company continues to expect 2017 capital expenditure guidance of $575 million, including approximately $50 million related to maintenance projects.