DALLAS, April 21 /PRNewswire-FirstCall/ -- The Crosstex Energy companies,
today announced the twelfth consecutive increase in quarterly distributions
for Crosstex Energy, L.P. (Nasdaq: XTEX) (the Partnership) and the eighth
consecutive increase in quarterly dividends for Crosstex Energy, Inc.
(Nasdaq: XTXI) (the Corporation):
* Quarterly distributions on the Partnership's common and subordinated
units will increase from $0.51 per unit to $0.53 per unit, payable May
15 to unitholders of record on May 1.
* Quarterly dividends on the Corporation's common stock will increase
from $0.56 per share to $0.60 per share, payable May 15 to stockholders
of record on May 1.
The companies have increased distributions and dividends every quarter
since the initial public offering of each company.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in
Dallas, operates over 5,000 miles of pipeline, ten processing plants, four
fractionators, and approximately 150 natural gas amine treating plants and 22
dew point control plants. Crosstex currently provides services for over 3.0
Bcf/day of natural gas, or approximately 6.0 percent of marketed U.S. daily
production based on August 2005 Department of Energy data.
Crosstex Energy, Inc. owns the two percent general partner interest, an
approximately 38 percent limited partner interest, and the incentive
distribution rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at
SOURCE Crosstex Energy, L.P.; Crosstex Energy, Inc.
/CONTACT: Jill McMillan of Crosstex Energy, L.P., +1-214-721-9271, or
/Web site: http://www.crosstexenergy.com /
CO: Crosstex Energy, L.P.; Crosstex Energy, Inc.
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3928 04/21/2006 13:00 EDT http://www.prnewswire.com