Crosstex Energy Incurs Heavy Costs in 2012, Emphasizes Fee-Based Gas Services for 2013
Posted on March 05, 2013 at 02:11 AM EST
SUGAR LAND--March 5, 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 mixed results for fourth-quarter and full-year 2012 as higher depreciation and amortization costs siphoned earnings. Still, the company notched up several acquisitions, including assets in the Ohio River Valley. Industrial Info is tracking $278 million in active projects involving Crosstex. Other companies featured: Apache Corporation (NYSE:APA)