SXE

[Wolfdog2]

Southcross Energy Partners sees Q3 adjusted EBITDA above prior guidance
Southcross Energy Partners announced that the board of directors of its general partner has declared a cash distribution for the third quarter of 2015 of 40c per common unit. The distribution will be paid on November 13 to unitholders of record on November 9. Southcross also announced that anticipated financial results for Q3 include the benefit of improved processed gas volumes and the early results of management initiatives to reduce operating and general & administrative expenses. As a result, Southcross expects to report Q3 adjusted EBITDA above the previously reported guidance range and distributable cash flow that corresponds to a cash distribution coverage of greater than 1.0 times the announced quarterly cash distribution on common units. Southcross will release its third quarter 2015 results before the New York Stock Exchange opens for trading on Friday, November 6. :theflyonthewall.com

Dan was right as rain on this one.

[dan_s]

Based on my forecast model, there is nothing that I can see which will stop SXE from paying $0.40/quarter dividends. In fact, they should raise distribution by Q3 2016.

There are lots of very high quality midstream MLPs "on sale" these days.