DALLAS, July 22 /PRNewswire-FirstCall/ -- The Crosstex Energy companies,
Crosstex Energy, L.P. (Nasdaq: XTEX) (the Partnership) and Crosstex Energy,
Inc. (Nasdaq: XTXI) (the Corporation), today announced an increase in second
quarter distributions and dividends as follows:
* Quarterly distributions on the Partnership's common and subordinated
units will increase from $0.46 per unit to $0.47 per unit, payable
August 15 to unitholders of record on August 1.
* Quarterly dividends on the Corporation's common stock will increase
from $0.41 per share to $0.43 per share, payable August 15 to
stockholders of record on August 1.
The companies have increased distributions and dividends every quarter
since the initial public offering of each company.
The Crosstex Energy companies will hold their quarterly conference call to
discuss second quarter results on Thursday, August 4, at 10:00 am Central Time
(11:00 am Eastern Time). The dial-in number for the call is 866-831-6234,
passcode Crosstex. A live Webcast of the call can be accessed on the investor
relations page of Crosstex Energy's Website at http://www.crosstexenergy.com .
The call will also be available for replay for 30 days by dialing
888-286-8010, passcode 38739179, or by going to the investor relations events
page of the Company's Website.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a mid-stream natural gas company headquartered in
Dallas, owns over 4,500 miles of pipeline, five processing plants, 140 natural
gas amine treating plants and 23 dew point suppression plants. Crosstex
currently provides services for approximately 1.9 BCF/day of natural gas.
Crosstex Energy, Inc. owns the general partner, a 54 percent limited
partner interest and the incentive distribution rights of Crosstex Energy,
Additional information about the Crosstex companies can be found at
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 herein constitute forward-looking
statements. Although the companies believe that the expectations reflected in
the forward-looking statements are reasonable, they can give no assurance that
such expectations will prove to be correct.
Contact: Barry E. Davis, President and Chief Executive Officer
William W. Davis, Executive V.P. and Chief Financial Officer
Phone: (214) 953-9500
SOURCE Crosstex Energy, L.P.; Crosstex Energy, Inc.
/CONTACT: Barry E. Davis, President and Chief Executive Officer, or
William W. Davis, Executive V.P. and Chief Financial Officer, both of Crosstex
Energy, L.P. and Crosstex Energy, Inc., +1-214-953-9500/
/Web site: http://www.crosstexenergy.com /
CO: Crosstex Energy, L.P.; Crosstex Energy, Inc.
SU: DIV CCA
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