Last $20.06 USD
Change Today +0.06 / 0.30%
Volume 8.4K
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As of 11:49 AM 10/23/14 All times are local (Market data is delayed by at least 15 minutes).

southcross energy partners l (SXE) Key Developments

Southcross Energy Partners, L.P. Presents at 5th annual DUG Eagle Ford Conference, Sep-16-2014 02:00 PM

Southcross Energy Partners, L.P. Presents at 5th annual DUG Eagle Ford Conference, Sep-16-2014 02:00 PM. Venue: Henry B. Gonzalez Convention Center, San Antonio, Texas, United States. Speakers: Philip M. Mezey, Executive Vice President of Southcross Energy Partners Gp Llc.

Southcross Energy Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014

Southcross Energy Partners, L.P. Presents at 2014 Citi One-on-One MLP / Midstream Infrastructure Conference, Aug-19-2014 . Venue: Encore at Wynn Las Vegas, 3121 Las Vegas Boulevard South, Las Vegas, NV 89109, United States.

Southcross Energy Partners, L.P. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Announces Production Results for the Six Months Ended June 30, 2014; Reaffirms Adjusted Ebitda Guidance for the Fourth Quarter of 2014; Provides Capex Guidance for 2014

Southcross Energy Partners, L.P. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the second quarter, the company reported revenue was $195,063,000 compared with $154,703,000 for the same period in the last year. Loss from operations was $1,134,000 compared with $2,831,000 for the same period in the last year. Loss before income tax was $2,905,000 compared with $5,932,000 for the same period in the last year. Net loss attributable to partners was $8,761,000 compared with $11,418,000 for the same period in the last year. Loss per common share was $0.34 compared with $0.65 for the same period in the last year. Adjusted EBITDA was $10,178,000 compared with $6,247,000 for the same period in the last year. For the six months, the company reported revenue was $408,654,000 compared with $298,954,000 for the same period in the last year. Profit from operations was $559,000 compared with loss from operations was $7,147,000 for the same period in the last year. Loss before income tax was $4,185,000 compared with $12,295,000 for the same period in the last year. Net loss attributable to partners was $10,550,000 compared with $17,800,000 for the same period in the last year. Loss per common share was $0.42 compared with $0.91 for the same period in the last year. Net cash provided by operating activities was $23,701,000 compared with net cash provided used in operating activities was $336,000 for the same period in the last year. Capital expenditure was $55,891,000 compared with $69,449,000 for the same period in the last year. Adjusted EBITDA was $22,663,000 compared with $10,789,000 for the same period in the last year. During the three month period ended June 30, 2014, an increase of 23% compared to 217,315 MMBtu/d during the same period in the prior year. NGLs sold during the three month period ended June 30, 2014 averaged 16,386 barrels per day, an increase of 53% compared to 10,740 barrels per day for the same period in the prior year. Processed gas volumes during the three month period ended June 30, 2014 were approximately 9% higher than first quarter 2014 volumes and sales volumes of NGLs were approximately 14% higher than first quarter 2014 volumes as new processed gas volumes entered the Southcross system. Consistent with its prior guidance forecast, the company continues to expect that its Adjusted EBITDA for the fourth quarter of 2014 will be in the range of $22 million to $28 million. For the full year, the company expects CapEx to be between $100 million and $120 million versus prior guidance, which was $125 million to $150 million. Capital spending expectations for the remainder of 2014 include about $30 million left to complete the Webb Pipeline and also about $15 million of additional growth capital associated with recently added gas supply and also gas sales contracts.

Southcross Energy Partners, L.P. to Report Q2, 2014 Results on Aug 06, 2014

Southcross Energy Partners, L.P. announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 06, 2014

Southcross Energy Partners, L.P., Q2 2014 Earnings Call, Aug 06, 2014

Southcross Energy Partners, L.P., Q2 2014 Earnings Call, Aug 06, 2014

 

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