SemGroup Corporation announced consolidated unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $287,696,000 against $312,031,000 for the same period a year ago. Operating income was $22,390,000 against $8,462,000 for the same period a year ago. Loss from continuing operations before income tax was $5,472,000 against income from continuing operations before income tax of $846,000 for the same period a year ago. Income from continuing operations was $48,534,000 against $1,858,000 for the same period a year ago. Net income was $48,566,000 against $2,110,000 for the same period a year ago. Net income attributable to company was $43,423,000 or $1.03 per diluted share against net loss attributable to company of $1,373,000 or $0.03 per diluted share for the same period a year ago. EBITDA was $9,592,000 against $16,482,000 for the same period a year ago. Adjusted EBITDA was $35,503,000 against $28,112,000 for the same period a year ago. Net income for the first quarter of 2013 was positively impacted by an income tax benefit of $54 million due to the release of a valuation allowance on company's deferred tax assets. Capital spend to date is $60 million. The company reaffirmed 2013 consolidated Adjusted EBITDA guidance of $165 million to $175 million, an increase of approximately 25% over 2012 results of $135 million. The company is on track to spend $400 million in capital investments in 2013, excluding the capital spending related to the proposed acquisition of Chesapeake's Mississippi Lime gas gathering and processing assets. The company expects EBITDA to be in the range of $122.8 million to $132.8 million. The company declared a quarterly cash dividend to common shareholders of $0.19 per share. Initiated in the second quarter of 2013, this equates to $0.76 per share annually. The company is targeting a 10% increase in dividends paid in 2013 and anticipates a double-digit annual dividend growth rate for the next three years. The dividend will be paid on May 30, 2013 to all common shareholders of record on May 20, 2013.

On April 22, 2013, SemGroup Corporation entered into the Sixth Amendment to its Credit Agreement, together with RBS, the Guarantors and the lenders party thereto to permit the increase of the commitments under the Credit Agreement by an aggregate amount not to exceed $300 million subject to satisfaction of certain conditions, amend the provision permitting the company to incur unsecured senior or subordinated indebtedness by deleting the prohibition of incurring in excess of $200 million of such unsecured senior or subordinated indebtedness but subjecting such incurrence to compliance with certain other conditions and (A) require compliance with a total leverage covenant that is less restrictive than the existing total leverage covenant and (B) require, at the election of the company, after the incurrence of unsecured senior or subordinated indebtedness in an amount in excess of $200 million, compliance with a total leverage covenant that is less restrictive than the existing total leverage covenant and a senior secured leverage covenant. All revolving loans outstanding under the Credit Agreement will mature and be payable on June 20, 2016.

SemGroup Corporation announced that they will report Q1, 2013 results After-Market on May 08, 2013