Eagle Rock Announces Fourth-Quarter 2010 Cash Distribution And Earnings Release Date

HOUSTON, Jan. 27, 2011 (GLOBE NEWSWIRE) -- Eagle Rock Energy Partners, L.P. (Nasdaq:EROC) ("Eagle Rock" or the "Partnership") today declared a cash distribution of $0.15 per common unit for the quarter ended December 31, 2010. The distribution will be paid on Monday, February 14, 2011 to all common unitholders of record as of the close of business on Monday, February 7, 2011.

"We are pleased to announce a meaningful increase in our distribution to an annualized rate of $0.60 per unit, which is consistent with our prior guidance," said Joseph A. Mills, Chairman and Chief Executive Officer. "As previously stated, we anticipate recommending to the Board of Directors further quarterly increases in the distribution throughout 2011, with the expectation and objective of reaching an annualized distribution rate of $0.75 per unit commencing with respect to the fourth quarter of 2011."

Management's distribution recommendation is subject to change should factors affecting the general business climate or the Partnership's specific operations differ from current expectations.  All actual distributions paid will be determined and declared at the discretion of the Eagle Rock board of directors.

Fourth Quarter and Full-Year 2010 Earnings Release Date and Conference Call Information

The Partnership also announced today it will report fourth-quarter and full-year 2010 financial and operating results after market close on Wednesday, March 9, 2011.  The fourth-quarter and full-year 2010 earnings conference call will be held at 2:00 p.m. Eastern Time (1:00 p.m. Central Time) on Thursday, March 10, 2011.

Interested parties may listen to the earnings conference call live over the Internet or via telephone. To listen live over the Internet, participants are advised to log on to the Partnership's web site at www.eaglerockenergy.com . To participate by telephone, the call in number is 888-679-8038, confirmation code 85531643. Participants are advised to dial into the call at least 15 minutes prior to the call to register. Participants may pre-register for the call by using the following link:  https://www.theconferencingservice.com/prereg/key.process?key=PLAJVCAGV . Interested parties can also view important information about the Partnership's conference call by following this link. Pre-registering is not mandatory but is recommended as it will provide you immediate entry to the call and will facilitate the timely start of the call. Pre-registration only takes a few moments and you may pre-register at any time, including up to and after the start of the call.  An audio replay of the conference call will also be available for thirty days by dialing 888-286-8010, confirmation code 75069663. In addition, a replay of the audio webcast will be available by accessing the Partnership's web site after the call is concluded.

Reminder Regarding Third Warrant Exercise Date