Crosstex Energy (WKN: A0BLP8 / XTXI ) / NASDAQ

HOMEPAGE:
http://www.crosstexenergy.com/

SEC-FILINGS:
http://www.sec.gov/cgi-bin/...e=&SIC=&owner=include&action=getcompany

NEWS/INFO's:
http://www.finanznachrichten.de/nachrichten-aktien/crosstex-energy.asp
http://finance.yahoo.com/q?s=xtxi

BÖRSENPLÄTZE:
http://www.ariva.de/quote/simple.m?secu=190889

**************************************************

letzter Quartalsbericht:
http://www.sec.gov/Archives/edgar/data/1209821/...048/d64906e10vq.htm

**************************************************

BUSINESS:
Crosstex Energy, Inc., through its subsidiaries, engages in gathering, transmission, treating, processing, and marketing natural gas and natural gas liquids (NGLs) in the United States. It connects the wells of natural gas producers in its market areas to its gathering systems in order to purchase the gas production; treats natural gas to remove impurities; processes natural gas for the removal of NGLs; fractionates NGLs into purity products; and transports natural gas to various markets. The company also purchases natural gas from natural gas producers and other supply points, and sells it to utilities, industrial consumers, other marketers, and pipelines. In addition, Crosstex Energy operates processing plants that process gas transported to the plants by interstate pipelines or from its own gathering systems. As of December 31, 2007, it operated approximately 5,000 miles of natural gas gathering and transmission pipelines, 12 natural gas processing plants, 4 fractionators, and 190 treating and dew point control plants. The company, formerly Crosstex Energy Holdings, Inc., was founded in 1996 and is based in Dallas, Texas.

Was schnell steigt.. zumindest interessant.

“These reduced distribution and dividend levels reflect our continued focus on executing our near-term business strategy, which emphasizes increasing liquidity and reducing leverage. This focus and the changes we’ve made will allow us to operate more efficiently and effectively during today’s challenging commodity and financial markets,” said Barry E. Davis, Crosstex Chairman, President and Chief Executive Officer. “Due to the continued decline in natural gas liquids prices and their impact on our processing business, as well as lower natural gas prices and their impact on producer drilling activity, we believe it is prudent to take steps to preserve value over the long term. We are actively exploring all alternatives to improve liquidity and to maintain our assets during this temporary dislocation in commodity and financial markets.”

About the Crosstex Energy Companies

Crosstex Energy, L.P., a midstream natural gas company headquartered in Dallas, operates approximately 5,700 miles of pipeline, 12 processing plants, four fractionators, and approximately 195 natural gas amine-treating plants and dew-point control plants. Crosstex currently provides services for 4.0 billion cubic feet per day of natural gas, or approximately eight percent of marketed U.S. daily production.

Crosstex Energy, Inc. owns the two percent general partner interest, a 34 percent 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.

Nach der kompletten Streichung der Dividende fiel der Kurs bis auf unter 1.00 USD.

Alle Fonds, die gem. ihren Statuten nur Aktien halten dürfen, die eine Dividende zahlen, mussten verkaufen, egal zu welchem Preis. Glücklich sind die, die vorgestern zu Ausverkaufskursen aufsammeln konnten.

XTXI betreibt eines der grössten Gas-Pipelinenetze der USA. Zu den aktuellen Kursen von knapp 1.00 USD könnte hier jederzeit das gleiche passieren wie bei Nova Chemicals.

Eine Übernahme aus dem Stand ist hier jederzeit drin.

Glaube man kann um 1.00 USD erste Positionen aufbauen.

......... das ist so sicher wie das Amen in der ..................

Die Frage ist nur WANN ?

:-))

zur Info:
ich halte hier "free-shares" nach dem (ersten) 100%igen Anstieg seit meinem Einstieg...               ax

geht heute bis 6.....

xtxi,xtex,epex,,,, viele Versorger...

5,8..

07.01.2010 13:10
www.finanznachrichten.de/...onvertible-preferred-units-004.htm

Crosstex Energy Agrees to Issue $125 Million of Convertible Preferred Units

The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), announced today the agreement to issue $125 million of Series A Convertible Preferred Units to the Blackstone / GSO Capital Solutions funds. The funds are managed by GSO Capital Partners LP, an affiliate of The Blackstone Group L.P. (NYSE: BX), one of the world's largest and most respected investment and advisory firms.

The preferred units are priced at $8.50 per unit and are convertible at any time into common units on a one-for-one basis, subject to certain adjustments and to Crosstex's right to force conversion of the preferred units if certain conditions are met. The purchase price represents a 20 percent premium to the trailing 30 day volume weighted average price of the common units. The preferred units will pay a quarterly distribution that will be the greater of $0.2125 per unit or the amount of the quarterly distribution per unit paid to common unitholders, subject to certain adjustments. Such quarterly distribution may be paid in cash, in additional preferred units issued in kind or any combination thereof. Crosstex intends to use the proceeds from the issuance for further debt reduction. The investors in the preferred units will receive a seat on the Crosstex Energy, L.P. Board of Directors, expanding the Board from seven to eight members. The transaction is expected to close prior to the end of January.

"We are extremely pleased that Blackstone and GSO have demonstrated their confidence in our business and future by making this substantial investment, and we welcome them as a significant investor," said Barry E. Davis, Crosstex President and Chief Executive Officer. "This additional capital, combined with our asset sales and other cash flow initiatives, is the latest step in our plan to improve our balance sheet and accelerates our ability to refinance our existing debt and ultimately restore our distributions and dividends."

"Crosstex is a premier midstream energy services provider with strategically-located assets in some of the most attractive regions in the United States," said Dwight Scott, Senior Managing Director at GSO. "We are excited about Crosstex's prospects as it executes the final stage of its financing plan and positions itself to grow. We look forward to the opportunity for future investments in and with the Crosstex companies as they execute their strategy to create value for unitholders and shareholders."

Neither the Series A Convertible Preferred Units nor the Common Units into which they are convertible have been registered under the Securities Act of 1933, as amended (the "Securities Act"), or any state securities laws, and they may not be offered or sold in the United States absent a registration statement or exemption from registration. This notice is issued pursuant to Rule 135c under the Securities Act of 1933 and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.

...(weiter siehe LINK)

ih.advfn.com/...&p=0&t=20&showctype=1&delay=1" style="max-width:560px" alt="" />

Crosstex Energy Reports Fourth-Quarter and Full-Year 2009 Results

Date : 03/01/2010 @ 6:30AM
Source : Business Wire
Stock : (XTXI)

ih.advfn.com/...7458334&article=41763990&symbol=N^XTXI

Crosstex Energy Reports Fourth-Quarter and Full-Year 2009 Results

The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ: XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ: XTXI) (the Corporation), today reported earnings for the fourth-quarter and full-year 2009.

Fourth-Quarter 2009 – Crosstex Energy, L.P. Financial Results The Partnership realized adjusted cash flow of $42.3 million in the fourth quarter of 2009 compared with $61.3 million in the fourth quarter of 2008. Adjusted cash flow is a non-GAAP financial measure and is explained in greater detail under “Non-GAAP Financial Information.” There is a reconciliation of this non-GAAP measure to net income (loss) in the tables at the end of this news release. Fourth-quarter 2008 adjusted cash flow included other income of $20.0 million associated with the assignment of certain contract rights to a nonaffiliated third party. Additionally, assets sold during 2009 contributed $18.3 million to fourth-quarter 2008 realized adjusted cash flow.

The Partnership reported net income of $55.9 million in the fourth quarter of 2009, compared with a net loss of $9.4 million in the fourth quarter of 2008. Fourth-quarter 2009 results included an $86.3 million gain on the sale of the Partnership’s Treating assets, while fourth-quarter 2008 results included a $49.8 million gain on the sale of the Partnership’s interest in the Seminole gas processing plant. Fourth-quarter 2009 results also included a $6.1 million loss from discontinued operations that was mainly related to the write-off of debt issuance costs and senior note make whole expense due to the repayment of notes with the proceeds from asset sales.

“We are extremely pleased with the significant progress we made executing our plan in 2009,” said Barry E. Davis, Crosstex President and Chief Executive Officer. “We have focused on optimizing results from our core assets in north Texas and Louisiana while investing in high-return projects, realigning our cost structure, lowering our business risks and significantly reducing our leverage.

“We recently completed our long-term recapitalization and reducing our leverage will continue to be a priority as we conservatively manage our business. We have established financial guidelines that we will follow when making decisions regarding the restoration of our distribution and dividend. Based on our current assumptions, distributions could be paid from the results of operations of the fourth quarter of 2010,” added Davis.

The Partnership’s gross margin from continuing operations for the fourth quarter of 2009 increased to $80.6 million from $65.2 million in the fourth quarter of 2008. This improvement was related to higher margins from the Partnership’s gathering and transmission business and increases in the natural gas processing business as a result of a more favorable natural gas liquids (NGL) market in the 2009 period. Gross margin from the south Louisiana processing and NGL business increased by $10.7 million, as a result of improvements in the NGL marketing business and increased plant inlet volumes. Gross margin from LIG gathering, transmission and processing increased by $7.9 million due to higher margins and a more favorable NGL market. Gross margin derived from north Texas operations declined $7.1 million compared with the fourth-quarter 2008. The decrease was primarily related to a $3.7 million charge associated with a final arbitration decision in a producer lawsuit and declines in throughput. Fourth-quarter 2009 north Texas volumes declined from the third quarter of 2009 mainly due to the renegotiation of a key producer contact, which reduced gathering volumes and increased transmission volumes.

Fourth-quarter 2009 operating expenses declined $6.4 million, or 20 percent, compared with the fourth quarter of 2008, as a result of the Partnership’s continued focus on expense reduction. Fourth-quarter 2009 general and administrative expense was $16.2 million, including a one-time charge of $1.0 million for severance expenses related to asset sales, a decline of $4.7 million versus the same period a year ago. Depreciation and amortization expense of $29.2 million in the fourth quarter of 2009 rose slightly over the fourth quarter of 2008 amount of $28.3 million. Interest expense declined to $28.0 million in the fourth quarter of 2009 from $41.0 million in the fourth quarter of 2008, primarily the result of the debt paydown associated with asset sales during the year.

The net income per limited partner common unit in the fourth quarter of 2009 was $1.09 basic and $1.07 diluted compared with a net loss per limited partner common unit of $0.18 basic and diluted in the fourth quarter of 2008.

Full-Year 2009 – Crosstex Energy, L.P. Financial Results The Partnership realized adjusted cash flow of $203.8 million in 2009 compared with $245.1 million in 2008. The reduction in realized adjusted cash flow is mainly due to the sale of assets during 2009. The Partnership reported net income of $104.5 million in 2009, compared with $11.1 million in 2008. Results for 2009 included a $183.7 million gain on the sale of Partnership assets compared with a gain of $49.8 million recorded in 2008. The Partnership’s net income in 2009 also included a loss from discontinued operations related to the asset sales of $1.8 million compared to income of $25.0 million in 2008.


...weiter siehe LINK

momentan nicht! investiert, Beobachtung wg. ggf. Wiedereinstieg...

aber in Deutschland handelt kein Mensch das Ding...