Our third quarter 2011 earnings release was issued early this morning. For those of you who didn't receive a copy, it is available on our website at crosstexenergy.com. If you want to listen to a recording of today's call, you have 90 days to access the replay by phone or webcast on our website.
I will remind you that any statements that might include our expectation or predictions should be considered forward-looking statements within the meaning of the federal securities laws. Forward-looking statements are subject to a number of assumptions and uncertainties that may cause our actual results to differ materially from those expressed in these statements. And we undertake no obligation to update or revise any forward-looking statements. We encourage you to review the cautionary statements and other disclosures made in our SEC filings, specifically those under the heading Risk Factors.
I will now turn the call over to Barry Davis.
Barry E. DavisThank you, Jill. Good morning, everyone, and thank you all for joining us on the call today to discuss our third quarter 2011 results. I want to begin by outlining the areas we will focus on during today's call. First, we will provide an overview of our third quarter results and expectations for the remainder of the year. Next, we will give you an update on our growth projects, and finally, we will discuss how we think about our distributions and dividends and provide some thoughts around growth. Moving to our third quarter results. Adjusted EBITDA for the quarter was $50.1 million, and distributable cash flow was $25.8 million. This compares with adjusted EBITDA of $47.8 million and distributable cash flow of $22.6 million for the third quarter of 2010. So we had solid year-over-year growth. At this time, we anticipate fourth quarter EBITDA and DCF to be about flat with the third quarter. Our core assets continue to provide us with a strong cash flow platform, and our growth projects come online beginning in 2012.