DALLAS, July 24 /PRNewswire-FirstCall/ -- The Crosstex Energy companies
today announced the thirteenth consecutive increase in quarterly distributions
for Crosstex Energy, L.P. (Nasdaq: XTEX) (the Partnership) and the ninth
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 $0.53 per unit to $0.54 per unit, payable
August 15 to unitholders of record on August 2.
* Quarterly dividends on the Corporation's common stock will increase
from $0.60 per share to $0.62 per share, payable August 15 to
stockholders of record on August 2.
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, 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
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.
SOURCE Crosstex Energy, L.P.; Crosstex Energy, Inc.
/CONTACT: investors, William W. Davis, Executive V.P. and Chief Financial
Officer of Crosstex Energy, L.P. and Crosstex Energy, Inc., +1-214-953-9500;
or media, Jill McMillan, Public Relations Specialist, +1-214-721-9271, for
Crosstex Energy, L.P. and Crosstex Energy, Inc./
/Web site: http://www.crosstexenergy.com /
CO: Crosstex Energy, L.P.; Crosstex Energy, Inc.
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9299 07/24/2006 15:44 EDT http://www.prnewswire.com