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Stock Market & Financial Investment News

News Breaks
December 13, 2012
07:06 EDTSXESouthcross Energy Partners reports Q3 EPS ($10.09), consensus 21c
EPS may not be comparable to consensus. Reports Q3 revenue $118.15M, consensus $181.19M. Says processed natural gas volumes averaged 166,140 million BTU per day during Q3, NGL production grew due to greater volumes of liquids-rich gas from Eagle Ford shale customers and averaged 8,337 barrels per day during Q3.
News For SXE From The Last 14 Days
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November 24, 2014
07:01 EDTSXESouthcross Energy Partners acquires Eagle Ford pipeline system
Southcross Energy Partners, L.P. has completed the acquisition of a natural gas gathering system in McMullen County, Texas. The acquired system consists of eight miles of gathering pipelines within two miles of Southcross’ existing rich gas pipeline network and services customers under acreage dedication contracts. The system was placed into service in 2010. The acquisition of the system has been funded through Southcross’ revolving credit facility and is expected to be immediately accretive to Southcross’ distributable cash flow. Production from the system will be connected as soon as possible to Southcross’ existing pipeline network to be processed at its facilities.

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