Current SXE Stock Info

Southcross Energy announces Q4 and full-year 2014 results
On March 6, Southcross Energy Partners (ticker: SXE) announced fourth quarter and full-year 2014 financial and operational results. SXE’s adjusted EBITDA was $20.6 million for the three months ended December 31, 2014, compared to $14.0 million in Q4’13 and $11.3 million in Q3’14, according to the company’s press release.

The company’s adjusted EBITDA beat consensus estimates of $20.0 million, according to Wunderlich Securities, whose own estimate for Southcross’ Q4 was $19.0 million....

Analyst Commentary

Baird 03.06.2015
SXE reports 4Q14 earnings; provides updated guidance (Bellamy). Southcross Energy Partners (SXE) reported 4Q14 EBITDA of $20.6MM, in line vs. our estimate of $20.5MM and 3% above the Street's consensus of $20.0MM. The Partnership reported distributable cash flow (DCF) of $13.4MM, which was 9% above our $12.3MM estimate. Additionally, SXE provided updated 1Q15 EBITDA guidance of $17.5-19.5MM, with the midpoint of $18.5MM being 6% above our $17.5MM estimate and 11% below the Street's consensus of $20.8MM.

Wunderlich Securities 03.09.2015
Southcross Energy Partners (SXE) reported 4Q14 EBITDA of $20.6mm, beating our and consensus estimates of $19.0mm and $20.0mm, respectively. The beat was mainly driven by higher processing volumes and lower operating expenses versus our estimates, partially offset by lower NGL realizations. The company expects to grow in 2015 despite a challenging commodity market; however, expectations for the pace of growth have moderated. SXE continues to expect to have its first drop down this year; and if commodities support, it also expects to raise its distributions. Post the TexStar acquisition, SXE’s footprint now enables it to execute bolt-on projects that are accretive and do not require significant capex. We believe SXE is now uniquely positioned as a result of its scale and integrated platform.  


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