Revenue Update on Southcross Energy Partners LP(NYSE:SXE)

Southcross Energy Partners LP(NYSE:SXE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 5, 2016. Company reported revenue of $124.70M. Analysts estimated a revenue of $135.13M. Earnings per share were $-0.12. Analysts had estimated an EPS of $-0.24.

Southcross Energy Partners LP (SXE) made into the market gainers list on Wednesdays trading session with the shares advancing 0.55% or 0.01 points. Due to strong positive momentum, the stock ended at $1.83, which is also near the day’s high of $1.875. The stock began the session at $1.83 and the volume stood at 77,171 shares. The 52-week high of the shares is $9.6 and the 52 week low is $0.38. The company has a current market capitalization of $120 M and it has 6,56,60,130 shares in outstanding.

Southcross Energy Partners L.P. is a limited partnership. The Company provides natural gas gathering processing treating compression and transportation services and natural gas liquid (NGL) fractionation and transportation services. The Company also sources purchases transports and sells natural gas and NGLs. The Company’s assets are located in South Texas Mississippi and Alabama and include four gas processing plants two fractionation facilities and approximately 3005 miles of pipeline. The Company’s assets in the South Texas region are located between Conroe and Webb and Dimmitt Counties near the Texas-Mexico border. The assets in the Company’s Mississippi region are located principally in the southern half of the state and comprise the intrastate pipeline system in Mississippi.

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