Southcross Energy Partners, L.P. Reports Unaudited Consolidated Earnings and Production Results for the First Quarter Ended March 31, 2018
Southcross Energy Partners, L.P. reported unaudited consolidated earnings and production results for the first quarter ended March 31, 2018. For the quarter, total revenues were $156,630,000 against $155,158,000 reported a year ago. Loss from operations was $3,691,000 against $4,472,000 reported a year ago. Net loss was $16,837,000 against $15,383,000 reported a year ago. Net loss attributable to partners was $16,848,000 or $0.21 per basic and diluted share against $15,391,000 or $0.19 per basic and diluted share reported a year ago. Net cash used in operating activities was $915,000 against net cash provided by operating activities was $190,000 reported a year ago. Capital expenditures was $3,423,000 against $7,553,000 reported a year ago. Adjusted EBITDA of $15,076,000 against $18,018,000 reported a year ago. For the quarter ended March 31, 2018, growth and maintenance capital expenditures were $3.4 million.
For the quarter, average volume of processed gas was 234 mmcf/d against 256 mmcf/d reported a year ago. Average volume of ngls produced was 28,524 bbls/d against 31,230 bbls/d reported a year ago.