Crosstex Energy Provides Preliminary 2013 Guidance

The Crosstex Energy companies, Crosstex Energy, L.P. (NASDAQ:XTEX) (the Partnership) and Crosstex Energy, Inc. (NASDAQ:XTXI) (the Corporation), today provided preliminary guidance for 2013.

The Partnership estimates 2013 adjusted EBITDA will be between $220 million and $250 million and distributable cash flow will be in the range of $130 million to $160 million. These estimates are based on various commodity price scenarios and other assumptions that are addressed in the presentation posted on the Investors page of Crosstex’s website at www.crosstexenergy.com.

It is expected that the Partnership will generate sufficient distributable cash flow to support distributions in the range of $1.36 to $1.46 per unit for 2013, assuming actual results are within the range of guidance. It is also expected that the Corporation could pay dividends in the range of $0.53 to $0.63 per share for 2013, assuming the receipt of per-unit distributions from the Partnership in the range stated above. The payment and amount of distributions and dividends will be subject to approval by the Boards of Directors of the Partnership and the Corporation and to economic conditions and other factors existing at the time of determination.

“We will continue to execute our strategy to enhance scale and diversification and focus on growing our fee-based business, which we expect will contribute approximately 86 percent to gross operating margin in 2013,” said Barry E. Davis, Crosstex President and Chief Executive Officer. “Next year we will also continue to successfully transform our business so that we derive over 40 percent of total gross operating margin from fee-based crude and natural gas liquids businesses. The growth projects scheduled to come on line during 2013 should position us for distribution and dividend growth in the second half of the year.”

Crosstex to Hold Guidance Conference Call Today

The Partnership and the Corporation will hold a conference call to discuss preliminary 2013 guidance today, December 11, at 10:00 a.m. Central time (11:00 a.m. Eastern time). The dial-in number for the call is 1-888-679-8038. Callers outside the United States should dial 1-617-213- 4850. The passcode is 41694762 for all callers. Investors are advised to dial in to the call at least 10 minutes prior to the call time to register. Participants may preregister for the call at https://www.theconferencingservice.com/prereg/key.process?key=PPH99U76L. Preregistrants will be issued a pin number to use when dialing in to the live call, which will provide quick access to the conference by bypassing the operator upon connection. Interested parties also can access the live webcast of the call on the Investors page of Crosstex’s website at www.crosstexenergy.com.

After the conference call, a replay can be accessed until March 10, 2013, by dialing 1-888-286-8010. International callers should dial 1-617-801-6888 for a replay. The passcode for all callers listening to the replay is 77935674. Interested parties also can visit the Investors page of Crosstex’s website to listen to a replay of the call.

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