DALLAS, Apr 19, 2011 (BUSINESS WIRE) --
The Crosstex Energy companies today announced the declaration of the
quarterly distribution for Crosstex Energy, L.P. (NASDAQ: XTEX) (the
Partnership) and the quarterly dividend for Crosstex Energy, Inc.
(NASDAQ: XTXI) (the Corporation) from the first quarter of 2011:
The quarterly distribution on the Partnership's common and preferred
units will be $0.29 per unit payable May 13 to unitholders of record
The quarterly dividend on the Corporation's common stock will be $0.09
per share payable May 13 to stockholders of record May 2.
These amounts represent an increase from the prior quarter of
approximately 12 percent each in the distribution from the Partnership
and the dividend of the Corporation.
About the Crosstex Energy Companies
Crosstex Energy, L.P., a midstream natural gas company headquartered in
Dallas, operates approximately 3,300 miles of pipeline, nine processing
plants and three fractionators. The Partnership currently provides
services for 3.2 billion cubic feet of natural gas per day, or
approximately six percent of marketed U.S. daily production.
Crosstex Energy, Inc. owns the two percent general partner interest, a 25percent limited partner interest and the incentive distribution
rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found at www.crosstexenergy.com.
This press release contains "forward-looking statements" within the
meaning of the Federal securities laws. 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
SOURCE: Crosstex Energy
Jill McMillan, 214-721-9271
Director, Public & Industry Affairs