Southcross Energy Partners (SXE) Tops Q3 EPS by 8c
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Southcross Energy Partners, L.P. Reports Adjusted EBITDA of $23.6 million and Common Unit Distribution Coverage of Approximately 1.1 times in Third Quarter 2015
November 6, 2015 6:00 AM ESTDALLAS--(BUSINESS WIRE)-- Southcross Energy Partners, L.P. (NYSE: SXE) (Southcross or the Partnership) today announced third quarter 2015 financial and operating results.
Highlights
Reported Adjusted EBITDA of $23.6 million, an increase of 26 percent over last quarter Increased distributable cash flow to $12.7 million, up from $8.6 million in the second quarter of 2015 Achieved cash distribution coverage of approximately 1.1 times on common units Increased average processed gas volumes during the third quarter to 441 MMcf/d, an increase of 6 percent over second quarter 2015 volumes... More