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Revenue Increase over a 2 year period: 644.04%


www.runningforums.com Forum Index -> Riff-Raff Hang Out

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Ms. Jenn
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PostPosted: 02/27/04 - 15:28    Post subject: Revenue Increase over a 2 year period: 644.04%
Reading in the March issue of Tulsa People about the Top 25 Tulsa business. The #1 Revenue Growth Company is SemGroup, L.P. Here is a snippet about them:

SemGroup, L.P. is a privately held corporation founded in 2000. The first impulse on reading the report of it's revenue growth from $734.1 million in 2000 to $5.462 BILLION in 2002 - an increase of $4.7 billion and 644.04 percent - is to examine the report closely for typographical errors. But there are none.

The Tulsa-headquartered SemGroup and its subsidiaries engage in diversified services for the North American hydrocarbon energy industry. The company's operations range from the gathering and transporting of crude oil to the marketing of natural gas.
Pug
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PostPosted: 02/27/04 - 15:30    Post subject:
Those employees best be getting laaaarge bonus.
Ms. Jenn
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PostPosted: 02/27/04 - 15:32    Post subject:
They also won first place for employee growth from 91 (in 2002) to 348 by 2002. 282.42%

They recently acquired a Williams company and their employee count is almost 450.
copteacher
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PostPosted: 02/27/04 - 16:03    Post subject:
That much growth always makes me leery of fraud. Good for them if they are doing so well. I would be careful throwing money their way though.
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