DALLAS, Jan. 24 /PRNewswire-FirstCall/ -- The Crosstex Energy companies,
Crosstex Energy, L.P. (Nasdaq: XTEX) (the Partnership) and Crosstex Energy,
Inc. (Nasdaq: XTXI) (the Corporation), today announced the eleventh
consecutive increase in quarterly distributions and the seventh consecutive
increase in quarterly dividends:
* Quarterly distributions on the Partnership's common and subordinated
units will increase from $0.49 per unit to $0.51 per unit, payable February 15
to unitholders of record on February 2.
* Quarterly dividends on the Corporation's common stock will increase from
$0.46 per share to $0.56 per share, payable February 15 to stockholders of
record on February 2.
The companies have increased distributions and dividends every quarter
since the initial public offering of each company.
Crosstex Energy, L.P., a mid-stream natural gas company headquartered in
Dallas, operates over 5,000 miles of pipeline, nine processing plants, four
fractionators, and approximately 115 natural gas amine treating plants.
Crosstex currently provides services for approximately 2.6 Bcf/day of natural
gas, or approximately 4.9 percent of marketed U.S. daily production based on
August 2005 Department of Energy data.
Crosstex Energy, Inc. (Nasdaq: XTXI) owns the two percent general partner
interest, a 37 percent limited partner interest, and the incentive
distribution rights of Crosstex Energy, L.P.
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, Inc.
/CONTACT: Barry E. Davis, President and Chief Executive Officer, or
William W. Davis, Executive V.P. and Chief Financial Officer, +1-214-953-9500,
both of Crosstex /
/Web site: http://www.crosstexenergy.com/
CO: Crosstex Energy, L.P.; Crosstex Energy, Inc.
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2541 01/24/2006 08:10 EST http://www.prnewswire.com