Southcross Energy Partners (SXE) Misses Q2 EPS by 12c

Southcross Energy Partners (NYSE: SXE) reported Q2 EPS of ($0.26), $0.12 worse than the analyst estimate of ($0.14). Revenue for the quarter came in at $167.22 million versus the consensus estimate of $225.25 million.

The company said: "Due to the common control aspect of the May 2015 drop-down transaction, the transaction was accounted for on an “as if pooled” basis. As such, Southcross’ financial results retrospectively include the financial results of our Valley Wells sour gas gathering and treating system and the compression assets that are part of the Valley Wells and Lancaster gathering and treating systems’ financial results for all periods ending after August 4, 2014, the date of our combination transaction with TexStar."

For earnings history and earnings-related data on Southcross Energy Partners (SXE) click here.

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