SOURCE: Industrial Info Resources

Industrial Info Resources

November 11, 2013 06:30 ET

Crosstex Energy Takes Hit From Impairment Charge in Third-Quarter 2013, but Major Growth From Projects Expected, an Industrial Info News Alert

SUGAR LAND, TX--(Marketwired - Nov 11, 2013) - Researched by Industrial Info Resources (Sugar Land, Texas) -- Crosstex Energy LP (NASDAQ:XTEX) (Dallas, Texas), a leading midstream natural gas company that is partly owned by Crosstex Energy Incorporated (NASDAQ:XTXI) (Dallas), reported a net loss in third-quarter 2013 that was influenced largely by an impairment expense on a now-closed plant. The strongest gains came from the segment for gas processing and NGL assets, including NGL fractionation and marketing activities in south Louisiana. Industrial Info is tracking $265 million in active projects involving Crosstex.

Other companies featured: Devon Energy Corporation (NYSE:DVN)

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