Southcross Energy Q4 Loss, Sales Below Estimates; Revises FY2013 Lower but In Line

By Staff,

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Southcross Energy Partners, L.P. ( SXE ) shares have dropped to a new year low, currently down 17% at $21.33 but above an earlier $21.17, after the company late Wednesday reported a Q4 loss of $0.17 per share, worse than estimates of a loss of $0.10 per share, and in line with the year prior.

Revenues were $151.6 million, missing analyst estimates of $160.1 million, and higher compared to prior year revenues of $139.6 million.

SXE revised its full year 2013 Adjusted EBITDA guidance to a range of $42 million to $55 million from a range of $58 million to $65 million, in line with estimates of $60.1 million.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing Commodities
Referenced Stocks: SXE

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