Last $18.74 USD
Change Today -0.17 / -0.90%
Volume 18.9K
SXE On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 11/26/14 All times are local (Market data is delayed by at least 15 minutes).

southcross energy partners l (SXE) Snapshot

Open
$18.81
Previous Close
$18.91
Day High
$18.81
Day Low
$18.63
52 Week High
07/7/14 - $24.88
52 Week Low
03/6/14 - $14.92
Market Cap
684.3M
Average Volume 10 Days
63.1K
EPS TTM
$-0.40
Shares Outstanding
23.8M
EX-Date
11/3/14
P/E TM
--
Dividend
$1.60
Dividend Yield
8.54%
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. Presents at RBC Capital Markets MLP Conference, Nov-19-2014 through Nov-20-2014

Southcross Energy Partners, L.P. Presents at RBC Capital Markets MLP Conference, Nov-19-2014 through Nov-20-2014. Venue: The Ritz-Carlton, Dallas, Texas, United States. Presentation Date & Speakers: Nov-19-2014, J. Michael Anderson, Chief Financial Officer of Southcross Energy Partners GP LLC and Senior Vice President of Southcross Energy Partners GP LLC. Nov-20-2014, J. Michael Anderson, Chief Financial Officer of Southcross Energy Partners GP LLC and Senior Vice President of Southcross Energy Partners GP LLC.

Southcross Energy Partners, L.P. Reports Unaudited Consolidated Earnings and Production Results for Third Quarter and Nine Months Ended September 30, 2014; Revises Earnings Guidance for the Fourth Quarter and Provides Capital Expenditure Guidance for the Full Year 2014; Reports Impairment Charges for the Third Quarter Ended September 30, 2014

Southcross Energy Partners, L.P. reported unaudited consolidated earnings and production results for third quarter and nine months ended September 30, 2014. For the quarter, the company’s total revenues were $211,493,000 compared to $160,629,000 for the same period of last year. Loss from operations was $14,403,000 compared to $357,000 for the same period of last year. Loss before income tax was $24,709,000 compared to $3,944,000 for the same period of last year. Net loss attributable to partners was $24,466,000 against $98,000 a year ago. Diluted loss per common unit was $0.49 against $0.14 a year ago. Adjusted EBITDA was $11,284,000 against $9,662,000 a year ago. Maintenance capital expenditures were at $1,309,000 against $706,000 a year ago. For the nine months, the company’s total revenues were $620,147,000 compared to $459,583,000 for the same period of last year. Loss from operations was $13,843,000 compared to $7,506,000 for the same period of last year. Loss before income tax expense was $28,893,000 compared to $16,241,000 for the same period of last year. Net loss attributable to partners was $34,279,000 against $17,900,000 a year ago. Diluted loss per common unit was $0.91 against $0.72 a year ago. Adjusted EBITDA was $33,948,000 against $20,449,000 a year ago. Maintenance of capital expenditures was $4,047,000 against $2,057,000 a year ago. Net cash provided by operating activities was $21,300,000 against $3,462,000 a year ago. Capital expenditures were $85,892,000 against $86,149,000 a year ago. For the quarter, the company reported processed gas volumes averaged 380,546 MMBtu/d, an increase of 61% compared to 236,991 MMBtu/d during the same period in the prior year. Fractionated NGLs was averaged 20,082 barrels per day, an increase of 57% compared to 12,808 barrels per day for the same period in the prior year. Average throughput volumes of natural gas were 873,688 MMBtu/d against 582,056 MMBtu/d a year ago. For the nine months, the company reported processed gas volumes averaged 299,001 MMBtu/d compared to 231,344 MMBtu/d during the same period in the prior year. Fractionated NGLs was averaged 16,967 barrels per day compared to 11,243 barrels per day for the same period in the prior year. Average throughput volumes of natural gas were 825,770 MMBtu/d against 576,565 MMBtu/d a year ago. For the third quarter of 2014, the company reported impairment of assets of $1,556,000. The company expects that growth capital expenditures for the full year 2014 will be in the range of $100 million to $120 million. The company expects that its adjusted EBITDA for the fourth quarter of 2014 will be approximately $20 million to $24 million compared to its previous guidance of $22 million to $28 million.

Southcross Energy Partners, L.P. to Report Q3, 2014 Results on Nov 07, 2014

Southcross Energy Partners, L.P. announced that they will report Q3, 2014 results at 9:00 AM, Eastern Standard Time on Nov 07, 2014

 

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