Most Viewed Links
Crosstex Energy, Inc.
Trades on the NASDAQ Exchange under the symbol XTXI.
Press Release

Printer Friendly Version View printer-friendly version
<< Back
Crosstex Energy, Inc. Announces Three-for-One Stock Split

DALLAS--(BUSINESS WIRE)--Nov. 20, 2006--The Board of Directors of Crosstex Energy, Inc. (NASDAQ:XTXI) has approved a three-for-one stock split in the form of a stock dividend, as the company has previously announced.

Stockholders of record at the close of business on December 1, 2006, the record date for the stock dividend, will be issued two additional shares of common stock for each share of common stock held as of that date. The additional shares of common stock will be distributed on or about December 15, 2006.

Crosstex Energy, Inc. currently has approximately 15.3 million shares of common stock outstanding. The number of shares of common stock outstanding will increase to approximately 46 million shares as a result of the stock split.

About the Crosstex Energy Companies

Crosstex Energy, L.P. (NASDAQ:XTEX), a midstream natural gas company headquartered in Dallas, operates over 5,000 miles of pipeline, 12 processing plants, four fractionators, and approximately 160 natural gas amine-treating plants in service and approximately 35 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 at

    CONTACT: Crosstex Energy, L.P.
             Investor Contact:
             Crystal C. Bell, 214-721-9407
             Investor Relations Specialist
             Media Contact:
             Jill McMillan, 214-721-9271
             Public Relations Specialist

    SOURCE: Crosstex Energy, Inc.

 HomeSite IndexContact UsSafety & Environment