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News Breaks | | | | December 9, 2012 | | 22:11 EDT |  | XTEX, XTXI | Crosstex Energy could be smart for play on rising cash flows, Barron's contends
Although the lack of strength in natural-gas prices have slowed the growth in the petroleum industry, investing in Crosstex Energy's (XTEX) general partner, Crosstex Energy Inc. (XTXI), could be a smart play, as the company owns incentive distribution rights and received 27% of all cash distributed in 2011, Barron's explains. Reference Link | |
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News For XTEX;XTXI From The Last 14 Days Check below for free stories on XTEX;XTXI the last two weeks. |
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| May 8, 2013 | | 18:00 EDT |  | XTEX | Crosstex Energy LP reports Q1 EPS (15c), consensus (25c)
Reports Q1 revenue $445.7M, consensus $486.43M. | | | 17:04 EDT |  | XTEX, XTXI | Crosstex Energy to invest $25M in E2
Crosstex Energy (XTEX) and Crosstex Energy (XTXI) announced that the corporation has agreed to invest approximately $25M in a third natural gas compression and condensate stabilization facility in the Ohio River Valley. The corporation will make the investment in E2, a company formed in March 2013 with the former management of Enerven Compression Services to provide services for producers in the liquids-rich window of the Utica Shale play. The Corporation’s initial investment commitment in E2 of approximately $50M is funding the construction of two similar facilities. The E2 investment complements the Partnership’s assets in the Ohio River Valley, which encompass crude oil, condensate and logistics operations in the Utica and Marcellus Shale plays. | |
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