Crosstex Energy, L.P. (ticker: XTEX, exchange: NASDAQ Global Market (.O))
News Release -
Crosstex Declares Increase in Quarterly Distribution and Dividend
DALLAS, Jul 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 second quarter of 2011:
The quarterly distribution on the Partnership's common and preferred
units will be $0.31 per unit payable August 12 to unitholders of
record August 1.
The quarterly dividend on the Corporation's common stock will be $0.10
per share payable August 12 to stockholders of record August 1.
These amounts represent an increase from the prior quarter of
approximately 7 percent in the distribution from the Partnership and
approximately 11 percent in the dividend from 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.
SOURCE: Crosstex Energy
Jill McMillan, 214-721-9271
Director, Public & Industry Affairs