SemGroup Energy Partners (SGLP) generated $19 million in EBITDA for the first quarter of 2008, and distributable cash flow of $15.7 million.
The company reported total revenues of $40.2 million for the first quarter of 2008, compared to $8.6 million for the same period of 2007.
Kevin Foxx, president and CEO of SGLP, said: We’re pleased that 2008 is off to a great start. SGLP’s results were driven by three factors: strong storage demand, an increase in transportation volumes at long-haul rates, and 41 days of earnings contribution from the asphalt terminalling and storage facilities that we acquired on February 20, 2008.
