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Stock Market & Financial Investment News

News Breaks
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.
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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