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August 6, 2014
07:06 EDTSXESouthcross Energy Partners reports Q2 EPS (34c), may not compare to consensus 3c
Reports Q2 revenue $195.1M, consensus $201.8M. Reports adjusted EBITDA $10.2M vs. $6.2M last year. Growth capital expenditures for the remainder of 2014 are expected to include costs to complete the Webb Pipeline and approximately $15 million of additional growth capital associated with recently added gas supply and gas sales contracts. Southcross expects that growth capital expenditures for the full year 2014 will be in the range of $100 million to $120 million. Consistent with its prior guidance forecast, Southcross continues to expect that its Adjusted EBITDA for the fourth quarter of 2014 will be in the range of $22 million to $28 million.
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