“We anticipated a challenging fourth quarter but encountered several events more significant than expected,” said David Biegler, Chairman, President and Chief Executive Officer of Southcross’ general partner. “While fourth quarter performance was below our expectations, we have accomplished several key milestones since our IPO and recently signed new contracts that are expected to improve our financial performance beginning in May.”

Gross operating margin (as defined below) totaled $16.4 million for the three month period ended December 31, 2012 and $71.6 million for the year ended December 31, 2012, compared to $18.7 million for the three month period ended December 31, 2011 and $62.6 million for the year ended December 31, 2011. Net (loss)/income (before deemed distributions on preferred units) was ($8.6) million for the three month period ended December 31, 2012 and ($4.5) million for the year ended December 31, 2012, compared to $3.3 million for the three month period ended December 31, 2011 and $7.5 million for the year ended December 31, 2011.

During the three month period ended December 31, 2012, total gas volumes averaged 619,409 MMBtu/d, an increase of 4% compared to 595,135 MMBtu/d during the three month period ended December 31, 2011 and an increase of 15% compared to 538,991 MMBtu/d during the three month period ended September 30, 2012. Processed gas volumes averaged 215,083 MMBtu/d during the three month period ended December 31, 2012, an increase of 1% over the 213,243 MMBtu/d for the three month period ended December 31, 2011 and an increase of 29% over the 166,140 MMBtu/d for the three month period ended September 30, 2012. NGL production for the three month period ended December 31, 2012 averaged 11,057 barrels per day, an increase of 70% from the 6,497 barrels per day for the three month period ended December 31, 2011 and an increase of 33% from the 8,337 barrels per day for the three month period ended September 30, 2012, reflecting strong increases in new liquids-rich gas volumes from Eagle Ford shale customers.

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