Last $22.09 USD
Change Today -0.07 / -0.32%
Volume 58.0K
SXE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 6:40 PM 07/28/14 All times are local (Market data is delayed by at least 15 minutes).

southcross energy partners l (SXE) Snapshot

Open
$22.22
Previous Close
$22.16
Day High
$22.22
Day Low
$21.90
52 Week High
07/7/14 - $24.88
52 Week Low
03/6/14 - $14.92
Market Cap
755.0M
Average Volume 10 Days
61.9K
EPS TTM
$-0.47
Shares Outstanding
21.5M
EX-Date
08/6/14
P/E TM
--
Dividend
$1.60
Dividend Yield
7.24%
Current Stock Chart for SOUTHCROSS ENERGY PARTNERS L (SXE)

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southcross energy partners l (SXE) Details

Southcross Energy Partners, L.P., together with its subsidiaries, provides natural gas gathering, processing, treating, compression, and transportation services in the United States. It also offers natural gas liquid (NGL) fractionation and transportation services. In addition, the company sources, purchases, transports, and sells natural gas and NGLs to industrial, commercial, and power generation customers, as well as local distribution companies. As of March 7, 2014, it had 3 gas processing plants, 2 fractionation plants, and approximately 2,800 miles of pipeline in south Texas, Mississippi, and Alabama. Southcross Energy Partners GP, LLC operates as a general partner of Southcross Energy Partners, L.P. The company was founded in 2009 and is headquartered in Dallas, Texas.

Founded in 2009

southcross energy partners l (SXE) Top Compensated Officers

Founder of Southcross Energy Partners Gp Llc,...
Total Annual Compensation: $400.0K
Chief Financial Officer of Southcross Energy ...
Total Annual Compensation: $294.2K
Compensation as of Fiscal Year 2013.

southcross energy partners l (SXE) Key Developments

Southcross Energy Partners, L.P. Declares Quarterly Cash Distribution on Common Unit, Payable on August 14, 2014; Declares Quarterly Distribution on Series A Convertible Preferred Units

Southcross Energy Partners, L.P. announced that the board of directors of its general partner has declared a cash distribution for the second quarter of 2014 of $0.40 per common unit. The distribution will be paid on August 14, 2014 to all unitholders of record on August 8, 2014. In addition, the board of directors of the general partner declared a $0.40 per unit distribution for the second quarter of 2014 on the Partnership's Series A convertible preferred units. The holders of the Series A convertible preferred units have elected to convert their Series A convertible preferred units into common units of the Partnership in connection with the closing of the transactions contemplated by Southcross Energy LLC's ("Southcross Energy") previously disclosed business combination (the "Transaction") with TexStar Midstream Services, LP. If the Transaction does not close by August 8, 2014 and the Series A convertible preferred units remain outstanding, the distribution of the Series A convertible preferred units will be paid in the form of additional Series A convertible preferred units. If the Transaction closes on or prior to August 8, 2014 and the Series A convertible preferred units convert into common units of the Partnership, the holders of such newly converted common units will receive a cash distribution of $0.40 per common unit.

Southcross Energy Partners, L.P. Provides Earnings Guidance for the Fourth Quarter of 2014

Southcross Energy Partners, L.P. provided earnings guidance for the fourth quarter of 2014. Southcross Energy Partners, L.P. announced transaction to acquire TexStar Midstream Services, LP's Rich Gas System. The company is issued an adjusted EBITDA guidance range of $22 to $28 million for the fourth quarter of 2014. This guidance reflects the addition of TexStar's Rich Gas System upon the expected closing of its acquisition in the third quarter of 2014, the initiation of contracted processed gas volumes upon commissioning of the company's Webb Pipeline, and increased processed gas volumes.

Southcross Energy Partners, L.P., TexStar Midstream Services, LP - M&A Call

To discuss Southcross Energy LLC entered into a definitive agreement to combine with TexStar Midstream Services, LP

 

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SXE

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Valuation SXE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 1.0x
Price/Book 1.9x
Price/Cash Flow 32.6x
TEV/Sales 0.7x
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