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