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Last $11.73 USD
Change Today -0.32 / -2.66%
Volume 97.3K
SXE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

southcross energy partners l (SXE) Snapshot

Open
$12.00
Previous Close
$12.05
Day High
$12.11
Day Low
$11.70
52 Week High
07/7/14 - $24.88
52 Week Low
12/9/14 - $11.22
Market Cap
428.3M
Average Volume 10 Days
67.5K
EPS TTM
$-0.73
Shares Outstanding
23.8M
EX-Date
05/6/15
P/E TM
--
Dividend
$1.60
Dividend Yield
13.64%
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. The company also offers natural gas liquid (NGL) fractionation and transportation services. In addition, it sources, purchases, transports, and sells natural gas and NGLs to industrial, commercial, and power generation customers, as well as local distribution companies. The company operates 4 gas processing plants, 2 fractionation plants, and approximately 3,005 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

Chief Executive Officer of Southcross Energy ...
Total Annual Compensation: $283.5K
Founder of Southcross Energy Partners Gp Llc ...
Total Annual Compensation: $442.3K
Executive Vice President of Business Developm...
Total Annual Compensation: $120.2K
Compensation as of Fiscal Year 2014.

southcross energy partners l (SXE) Key Developments

Southcross Energy Partners Names Joel Moxley as Senior Vice President and Chief Commercial Officer

Southcross Energy Partners named Joel Moxley as senior vice president and chief commercial officer of the company. Moxley worked most recently at Crestwood companies where he expanded commercial efforts and worked on multiple acquisitions. Before that, he was a senior vice president of Crosstex Energy's gas processing operations in South Louisiana.

Southcross Energy Partners LP Sets Up New Houston Office Near CityCentre

Southcross Energy Partners LP which has an office in Houston and Conroe, is setting up another office near CityCentre Houston. The new office, currently being remodeled by Trademark Construction, will be located at 700 Town and Country Blvd. in the Town Centre 1 mixed-use development. The company’s new office has roughly 15,000 square feet of space and is slated for completion by Aug. 1, 2015.

Southcross Energy Partners, L.P. Reports Unaudited Consolidated Earnings and Operating Results for the First Quarter Ended March 31, 2015; Provides Earnings and Production Guidance for the Second Quarter and Earnings Guidance for the Full Year 2015

Southcross Energy Partners, L.P. reported unaudited consolidated earnings and operating results for the first quarter ended March 31, 2015. For the quarter, total revenues of $180.55 million compared to $213.6 million, income from operations of $0.4 million compared to $1.7 million, loss before income tax expense of $10.8 million compared to $1.3 million, loss allocated to limited partner of $10.83 million or $0.21 per basic and diluted share compared to $1.8 million or $0.06 per basic and diluted share for the last year. Net cash provided by operating activities of $3.43 million compared to $14.2 million a year ago. Adjusted EBITDA was $17.0 million for the three month period ended March 31, 2015, compared to $12.5 million for the same period in the prior year, and $20.6 million for the three month period ended December 31, 2014. Adjusted EBITDA for the first quarter was negatively impacted by approximately $2.0 million related to the previously-announced January fire at Southcross' Gregory processing plant. For the three month period ended March 31, 2015, growth capital additions to property, plant and equipment were $18.6 million. Capital expenditures on the consolidated cash flow statement for the quarter were $27.8 million, which included growth and maintenance expenditures and cash paid for capital additions incurred in 2014. Growth capital additions during the quarter were largely attributable to expenditures to interconnect the Southcross system with assets acquired in the August 2014 TexStar combination. Processed gas volumes during the quarter averaged 541,115 MMBtu/d, an increase of approximately 120% compared to 246,422 MMBtu/d for the same period in the prior year, and an increase of approximately 5% compared to volumes of 515,046 MMBtu/d for the three month period ended December 31, 2014. The company anticipated that its growth capital expenditures for the full year 2015 will be in the range of $25 million to $30 million. The company expects that growth capital additions for the full year 2015 will be between $50 million and $60 million compared to prior guidance of $25 million to $30 million. The company expects its Adjusted EBITDA for the second quarter of 2015 will be approximately $17 million to $20 million reflecting some continuing financial impact from restoring the Gregory facility to full capacity and relatively flat rich gas volumes on its system compared to first quarter 2015 volumes. For the second quarter of 2015, the company expected adjusted EBITDA to be in the range of $17 million to $20 million. The company expected second quarter processed gas volumes will be relatively consistent with first quarter volumes.

 

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SXE

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Valuation SXE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 1.1x
Price/Cash Flow 66.1x
TEV/Sales NM Not Meaningful
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