Southcross Energy Partners, L.P. Reports Second Quarter Results
SOUTHCROSS ENERGY (SXE)
Last southcross energy earnings: 5/10 06:05 am
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US:NYSE Investor Relations:
investors.southcrossenergy.com
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Source: GlobeNewswire
DALLAS, Texas, Aug. 14, 2018 (GLOBE NEWSWIRE) -- Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross” or the “Partnership”) today announced second quarter financial and operating results. Southcross’ net loss was $17.9 million for the quarter ended June 30, 2018, compared to $15.9 million for the same period in the prior year and $16.8 million for the quarter ended March 31, 2018. Adjusted EBITDA (as defined below) was $14.9 million for the quarter ended June 30, 2018, compared to $17.1 million for the same period in the prior year and $15.1 million for the quarter ended March 31, 2018. Processed gas volumes during the quarter averaged 234 MMcf/d, a decrease of 12% compared to 267 MMcf/d for the same period in the prior year and in-line with volumes of 234 MMcf/d for the quarter ended March 31, 2018. On July 29, 2018, Southcross terminated the previously announced Agreement and Plan of Merger, dated as of October 31, 2017, with American Midstream Partners, LP (NYSE:AMID)
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