Southcross Energy Partners, L.P. Reports Third 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, Nov. 14, 2018 (GLOBE NEWSWIRE) -- Southcross Energy Partners, L.P. (NYSE: SXE) (“Southcross” or the “Partnership”) today announced third quarter financial and operating results. Southcross’ net loss was $14.8 million for the quarter ended September 30, 2018, compared to a net loss of $19.1 million for the same period in the prior year and a net loss of $17.9 million for the quarter ended June 30, 2018. Adjusted EBITDA (as defined below) was $18.6 million for the quarter ended September 30, 2018, compared to $16.8 million for the same period in the prior year and $14.9 million for the quarter ended June 30, 2018. Processed gas volumes during the quarter averaged 249 MMcf/d, an increase of 12% compared to 222 MMcf/d for the same period in the prior year and an increase of 6% compared to 234 MMcf/d for the quarter ended June 30, 2018. On July 29, 2018, Southcross terminated the previously announced Agreement and Plan of Merger, dated as of October 31, 2017, w
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