Once these most recent quarterly results are finalized, they will be run through TheStreet.com Ratings' model and our ratings will be adjusted accordingly. To keep up to date on all of our ratings, visit TheStreet.com Ratings Screener. On March 2, 2009, Crosstex Energy LP ( XTEX) reported that it fell to a net loss in Q4 FY08, hurt by lower natural gas liquid prices and the adverse effects of Hurricanes Gustav and Ike on volumes and processing margins. Net loss was $9.44 million compared to a net income of $14.15 million a year ago. Limited partners' interest in net loss was $7.99 million, or $0.19 per unit, compared to a net income of $8.34 million, or $0.19 per unit, in Q4 FY07. The quarterly consensus estimate was a loss of $0.21 per unit. Total revenues plunged 29.2% to $769.11 million from $1.09 billion, hurt by declining midstream revenues. Midstream revenues, constituting 97.7% of total revenues, decreased 29.8% to $751.25 million. Profit from energy trading activities plummeted 46.7% to $1.02 million. On the positive side, revenue from treating increased 22.6% to $16.85 million. Looking at the operational metrics, total gathering and transmission volume increased 12.2% to 2,633 billion British thermal units per day (BBtu/d); while total gas volumes processed were down 38.1% to 1,234 BBtu/d. Realized weighted average natural gas liquids prices dropped 49.3% to $0.72 per gallon. Meanwhile, commercial services volume slipped 6.3% to 90 BBtu/d. North Texas gathering wells connected decreased to 24 from 51 a year ago. Finally, treating plants in service rose 5.3% to 200, while gallons per minute (GPM) increased 10.0% to 10,615. Recently, XTEX appointed Rhys Best as chairman of the company. For FY08, limited partners' interest in net loss widened to $15.64 million, or $3.23 per unit, from $5.36 million, or $0.20 per unit, in FY07. Annual revenue grew 27.5% to $4.91 billion from $3.85 billion a year ago. Looking forward to FY09, the partnership expects a net loss of $70.00 to $97.00 million, while its non-GAAP free cash flows are projected to range between $184.00 and $211.00 million.