Consistent with guidance our results were negatively impacted by the declinein natural gas liquids prices and

"Consistent with guidance, our results were negatively impacted by the declinein natural gas liquids prices and a slowdown in drilling activity," said BarryE Davis, Crosstex President and Chief Executive Officer. The Treating segment`s gross margin increase was primarily related tolarger plants installed during the last six months, mainly in the Haynesvilleshale. The decrease was partiallyoffset by an increase in the Treating segment`s gross margin to $14.3 million inthe first quarter of 2009 compared with $11.1 million in the first quarter of2008. The Partnership`s gross margin for the first quarter of 2009 decreased 11percent to $83.0 million, compared with $93.3 million in the first quarter of2008. Gross margin from the Midstream business segment decreased $13.6 million,or 17 percent, to $68.6 million. The decline, which was primarily related toreduced inlet volumes and lower natural gas liquids prices at Crosstex`sprocessing facilities, was partially offset by increased throughput on thePartnership`s gathering and transmission systems.

Thefirst quarter 2009 net loss includes a noncash loss of $4.7 million on theextinguishment of debt compared with other income of $7.1 million included inthe first quarter 2008 net income that was related to a settlement of disputedliabilities assumed in an acquisition. The Partnership reported a net loss of $15.3 million in the first quarter of2009, compared with net income of $3.7 million in the first quarter of 2008. Financial ResultsThe Partnership realized adjusted cash flow of $51.5 million in the firstquarter of 2009, compared with $67.7 million in the first quarter of 2008.Adjusted cash flow is a non-GAAP financial measure and is explained in greaterdetail under "Non-GAAP Financial Information." There is a reconciliation of thisnon-GAAP measure to net income (loss) in the tables at the end of this newsrelease. (NASDAQ: XTXI) (the Corporation) todayreported earnings for the first-quarter 2009 First-Quarter 2009 - Crosstex Energy, L.P.

DALLAS--(Business Wire)--The Crosstex Energy companies, Crosstex Energy, L.P (NASDAQ: XTEX) (thePartnership) and Crosstex Energy, Inc. All forward-looking statements are qualified in theirentirety by this cautionary statement. Hurry+1 Copyright Business Wire 2009. These forward-looking statements inherently involve certain risksand uncertainties that are detailed in the Company`s filings with the Securitiesand Exchange Commission and available at as well as theCompany`s website at You are cautioned not to place unduereliance on these forward-looking statements, which speak only as of the date ofthis presentation. Forward-looking statementsinclude matters that involve known and unknown risks, uncertainties and otherfactors that may cause actual results, levels of activity, performance orachievements to differ materially from results expressed or implied by thispress release.