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Crosstex Energy Takes Hit from Impairment Charge in Third-Quarter 2013, but Major Growth from Projects Expected


Industry Segment: Pipelines | Word Count: 826 Words

SUGAR LAND--November 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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