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Crosstex Declares Quarterly Distribution and Dividend

  Crosstex Declares Quarterly Distribution and Dividend

Business Wire

DALLAS -- January 22, 2013

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 fourth quarter of 2012:

  *The quarterly distribution on the Partnership’s common units will be $0.33
    per unit. The distribution is payable February 14 to unitholders of record
    February 1.
  *The quarterly dividend on the Corporation’s common stock will be $0.12 per
    share. The dividend is payable February 14 to shareholders of record
    February 1.

About the Crosstex Energy Companies

Crosstex Energy, L.P., a midstream natural gas company headquartered in
Dallas, operates approximately 3,500 miles of natural gas, natural gas liquids
and oil pipelines, 10 processing plants and four fractionators. The
Partnership also operates barge terminals, rail terminals, product storage
facilities, brine water disposal wells and an extensive truck fleet.

Crosstex Energy, Inc. owns combined general and limited partner interests of
approximately 19 percent and the incentive distribution rights of Crosstex
Energy, L.P.

Additional information about the Crosstex companies can be found at
www.crosstexenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of
the federal securities laws. These statements are based on certain assumptions
made by the Partnership and the Corporation based upon management's experience
and perception of historical trends, current conditions, expected future
developments and other factors the Partnership and the Corporation believe are
appropriate in the circumstances. These statements include, but are not
limited to, statements with respect to results of operations and future growth
and dividend and distribution guidance. Such statements are subject to a
number of assumptions, risks and uncertainties, many of which are beyond the
control of the Partnership and the Corporation, which may cause the
Partnership's and the Corporation's actual results to differ materially from
those implied or expressed by the forward-looking statements. These risks
include, but are not limited to, risks discussed in the Partnership's and the
Corporation's filings with the Securities and Exchange Commission. The
Partnership and the Corporation have no obligation to publicly update or
revise any forward-looking statement, whether as a result of new information,
future events or otherwise.

Qualified Notice to Nominees:

This release serves as qualified notice to nominees as provided for under
Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 96
percent of the Partnership’s distributions to foreign investors are
attributable to income that is effectively connected with a United States
trade or business. Accordingly, all of the Partnership’s distributions to
foreign investors are subject to federal income tax withholding at the highest
effective tax rate for individuals or corporations, as applicable. Nominees,
and not the Partnership, are treated as withholding agents responsible for
withholding distributions received by them on behalf of foreign investors.

Contact:

Crosstex Energy
Jill McMillan, 214-721-9271
Director, Public & Industry Affairs
Jill.McMillan@CrosstexEnergy.com
 
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