Southcross Energy Partners, L.P. Risk Report

🛡️ Financial & Liquidity

Southcross Energy Partners, L.P. has faced several financial challenges over the years, particularly with bankruptcy issues. These events have influenced their strategic direction and market position, affecting their merger and acquisition strategies.

• The company emerged from bankruptcy and moved its operations to Houston 🗓 February 3, 2020.
• American Midstream Partners acquired Southcross Holdings 🗓 November 3, 2017.
• The merger with American Midstream Partners was terminated 🗓 July 30, 2018.
• Kinder Morgan considered acquiring Southcross' pipeline systems out of bankruptcy 🗓 September 9, 2019.

⚖️ Legal & Regulatory

Southcross Energy has been involved in legal issues, including a significant court ruling that impacted a substantial verdict they faced regarding operational incidents.

• A Texas court reduced a $7 million verdict from a pipeline explosion case 🗓 February 25, 2021.

🏗️ Operational & Business Continuity

Operational incidents have had severe consequences for Southcross, particularly impacting their workforce and business continuity.

• Two workers died, and one was injured in a South Texas pipeline accident 🗓 April 13, 2016.