DALLAS--(BUSINESS WIRE)--Oct. 23, 2006--The Crosstex Energy
companies today announced the fourteenth consecutive increase in
quarterly distributions for Crosstex Energy, L.P. (Nasdaq:XTEX) (the
Partnership) and the tenth 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 $0.54 per unit to $0.55
per unit, payable November 15 to unitholders of record
-- Quarterly dividends on the Corporation's common stock will
increase from $0.62 per share to $0.64 per share, payable
November 15 to stockholders of record November 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, 12
processing plants, four fractionators, and approximately 168 natural
gas amine-treating plants in service and 37 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 2006 Department of Energy data.
Crosstex Energy, Inc. owns the two percent general partner
interest, a 42 percent limited partner interest, and the incentive
distribution rights of Crosstex Energy, L.P.
Additional information about the Crosstex companies can be found
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: Crosstex Energy, L.P.
Crystal C. Bell, 214-721-9407
Investor Relations Specialist
Jill McMillan, 214-721-9271
Public Relations Specialist
SOURCE: Crosstex Energy, L.P.