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Crosstex Energy, L.P.
Trades on the NASDAQ Exchange under the symbol XTEX.
Press Release

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Crosstex Increases Third Quarter Distribution to $0.70; Company Sets Payment Date for Second Quarter Distribution

DALLAS, Jul 10, 2003 (BUSINESS WIRE) -- Crosstex Energy, L.P. (NasdaqNM: XTEX), a Texas-based midstream natural gas company, today announced its board had authorized an increase in its third quarter distribution on its common and subordinated units by $0.15 per common unit to $0.70 per quarter, or $2.80 annually. The company also announced the declaration of its second quarter distribution on its common and subordinated units of $0.55 per unit on August 15, 2003, payable to holders of record on July 31, 2003.

Crosstex Energy, L.P., a mid-stream natural gas company headquartered in Dallas, operates approximately 2,500 miles of pipeline, three processing plants, and approximately 40 natural gas amine treating plants. Crosstex currently provides services for over 1,000,000 MMBtu/day of natural gas. Crosstex Energy was ranked first in the Mastio & Co. 2002 Producer Purchaser Satisfaction Survey of nearly 400 gas producers. Additional information about Crosstex can be found at www.crosstexenergy.com.

This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Although the company believes that the expectations reflected in the forward-looking statements are reasonable, it can give no assurance that such expectations will prove to be correct.

SOURCE: Crosstex Energy, L.P.

Crosstex Energy L.P., Dallas
Barry E. Davis or William W. Davis, 214-953-9500
www.crosstexenergy.com
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