Southcross Energy Partners, L.P. Reports Unaudited Consolidated Earnings and Operating Results for the Fourth Quarter and Year Ended December 31, 2017
For the year total revenue was $665,949,000, compared to $548,723,000, for the same period a year ago. Loss from operations was $17,855,000, compared to $41,594,000, for the same period a year ago. Loss before income tax was $67,588,000, compared to $94,950,000, for the same period a year ago. Net loss was $67,592,000, compared to $94,948,000, for the same period a year ago. Net loss attributable to partners was $67,657,000, compared to $94,995,000, for the same period a year ago. Basic and diluted loss per common share was $0.84 compared to $1.48 for the same period a year ago. Adjusted EBITDA was $69,180,000, compared to $69,527,000, for the same period a year ago. Net cash provided by operating activities was $26,182,000, compared to $50,642,000, for the same period a year ago. Capital expenditures was $22,790,000, compared to $27,273,000, for the same period a year ago. Distributable cash flow was $29,245,000, compared to $32,359,000, for the same period a year ago. Growth and maintenance capital expenditures were $12,900,000.
For the quarter Processed gas volumes during the quarter averaged 255 MMcf/d, a decrease of 11% compared to 287 MMcf/d for the same period in the prior year. Average volume of NGLs produced 31,313 MMcf/d compared to 30,987 MMcf/d for the same period a year ago. Average daily throughput Mississippi/Alabama was 165 MMcf/d compared to 158 MMcf/d for the same period a year ago.
For the year processed gas volumes during the quarter averaged 250 MMcf/d, compared to 312 MMcf/d for the same period in the prior year. Average volume of NGLs produced 30,824 MMcf/d compared to 32,271 MMcf/d for the same period a year ago. Average daily throughput Mississippi/Alabama was 166 MMcf/d compared to 160 MMcf/d for the same period a year ago.