SemGroup Energy Partners, L.P. Increases Quarterly Distribution; Sets First Quarter 2008 Earnings Conference Call
April 24, 2008
SemGroup Energy Partners, L.P. (NASDAQ: SGLP) today announced that the board of directors of its general partner has declared a quarterly cash distribution of $0.40 per unit for the first quarter of 2008, or $1.60 per unit on an annualized basis. This distribution represents an increase of 19 percent over the fourth- quarter 2008 distribution of $0.3375 per unit, or $1.35 per unit on an annualized basis, and an increase of 28 percent over the minimum quarterly distribution of $0.3125 per unit, or $1.25 per unit on an annualized basis. The distribution is payable on May 15, 2008, on all outstanding common and subordinated units to unitholders of record as of the close of business on May 5, 2008.
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SemGroup Names Senior Vice President – Finance
March 13, 2008
SemGroup, L.P. announced today the addition of Terry Ronan to its senior management team. Ronan, formerly of Merrill Lynch Capital, will join SemGroup as senior vice president – finance. Ronan, who will relocate to the company’s Tulsa headquarters office, from Boston, Mass., will oversee SemGroup’s treasury, cash management and credit functions. “Ronan’s background in oil and gas finance is a perfect complement to SemGroup’s business strategy. He brings more than 16 years of significant experience in the finance arena to our company,” said Tom Kivisto, SemGroup president and chief executive officer. Michael Brochetti previously served as SemGroup senior vice president – finance and now serves as chief financial officer of SemGroup Energy Partners, L.P.
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