The SVP, General Counsel and Secretary of Southcross E of Southcross Energy (Other OTC: SXEEQ) is Selling Shares

Today, the SVP, General Counsel and Secretary of Southcross E of Southcross Energy (SXEEQResearch Report), JAMESON KELLY, sold shares of SXEEQ for $15.47M.

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Based on Southcross Energy’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $169 million and GAAP net loss of $185 million. In comparison, last year the company earned revenue of $157 million and had a GAAP net loss of $12.65 million. Currently, Southcross Energy has an average volume of 107.4K.

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Southcross Energy Partners LP provides natural gas gathering, processing, treating, compression and transportation services, and natural gas liquids (NGL) fractionation and transportation services. It also sources, purchases, transports, and sells natural gas and NGL’s to its power generation, industrial, and utility customers primarily under fixed-spread contracts. The company was founded in 2009 and is headquartered in Dallas, TX.