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Last $15.39 USD
Change Today -0.06 / -0.39%
Volume 112.0K
SXE On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 04/17/15 All times are local (Market data is delayed by at least 15 minutes).

southcross energy partners l (SXE) Snapshot

Open
$15.43
Previous Close
$15.45
Day High
$15.60
Day Low
$15.00
52 Week High
07/7/14 - $24.88
52 Week Low
12/9/14 - $11.22
Market Cap
561.9M
Average Volume 10 Days
188.4K
EPS TTM
$-0.47
Shares Outstanding
23.8M
EX-Date
02/5/15
P/E TM
--
Dividend
$1.60
Dividend Yield
10.40%
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
Chief Financial Officer of Southcross Energy ...
Total Annual Compensation: $319.2K
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, L.P. Reports Un-Audited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2014; Provides Earnings Guidance for the First Quarter of 2015 and Capital Expenditure Guidance for the Year 2015

Southcross Energy Partners, L.P. reported un-audited consolidated earnings and operating results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported adjusted EBITDA of $20.6 million compared to $14.0 million for the same period in the prior year, and $11.3 million for the three month period ended September 30, 2014. Growth capital expenditures totaled $33.1 million, compared to $6.4 million for the same period in the prior year. The company reported total revenues of $222.6 million compared to $175.1 million, income from operations of $7.0 million compared to $4.7 million, loss before income tax expense of $2.4 million compared to income before income tax expense of $0.7 million, loss allocated to limited partner of $1.1 million or $0.05 per basic and diluted share compared to income allocated to limited partner of $0.1 million or $0.01 per basic and diluted share for the last year. Results in the fourth quarter 2014 benefited from expense reductions, including an adjustment to incentive compensation accruals in response to performance results and the lower commodity price environment. The company reported $1.7 million in maintenance capital expenditures for the fourth quarter. For the year, adjusted EBITDA was $54.5 million compared to $34.5 million for the last year. Growth capital expenditures were $115.0 million, which included spending for the construction of the Webb Pipeline, compared to $90.5 million for the year ended December 31, 2013. The company reported total revenues of $842.7 million compared to $634.7 million, loss from operations of $6.8 million compared to $3.0 million, loss before income tax expense of $31.3 million compared to $15.6 million, loss allocated to limited partner of $20.2 million or $0.68 per basic and diluted share compared to $8.7 million or $0.71 per basic and diluted share, net cash provided by operating activities of $48.3 million compared to $16.0 million and capital expenditures activities of $120.8 million compared to $93.9 million for the last year. Results for full-year 2014 were impacted by transaction and other expenses related to the August 2014 TexStar transactions. For the quarter, processed gas volumes averaged 515,046 MMBtu/d an increase of 91% compared to 268,957 MMBtu/d during the same period in the prior year. Fractionated NGLs during the three month period ended December 31, 2014 averaged 22,394 barrels per day, an increase of 36% compared to 16,407 barrels per day for the same period in the prior year. Average throughput volumes of natural gas was 972,240 (MMBtu/d) compared to 636,661 (MMBtu/d) in last year. For the year, processed gas volumes averaged 353,456 MMBtu/d compared to 240,825 MMBtu/d in the prior year. Fractionated NGLs averaged 17,815 barrels per day compared to 12,545 barrels per day for the same period in the prior year. Average throughput volumes of natural gas was 884,259 (MMBtu/d) compared to 622,238 (MMBtu/d) in last year. The company expected that its adjusted EBITDA for the first quarter of 2015 will be approximately $17.5 million to $19.5 million, which reflects an approximate $2.0 million impact related to the Gregory fire that temporarily reduced processed gas volumes and increased operating expenses during January and February 2015. The company anticipated that its growth capital expenditures for the full year 2015 will be in the range of $25 million to $30 million.

Southcross Energy Partners, L.P. to Report Q4, 2014 Results on Mar 06, 2015

Southcross Energy Partners, L.P. announced that they will report Q4, 2014 results at 10:00 AM, Central Standard Time on Mar 06, 2015

Southcross Energy Partners, L.P., Q4 2014 Earnings Call, Mar 06, 2015

Southcross Energy Partners, L.P., Q4 2014 Earnings Call, Mar 06, 2015

 

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Price/Sales 0.9x
Price/Book 1.3x
Price/Cash Flow 51.9x
TEV/Sales 0.1x
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