Key Developments: Crosstex Energy LP (XTEX.O)
21.23USD
24 May 2013
$-0.29 (-1.35%)
$21.52
$21.39
$21.60
$21.10
289,698
491,336
$21.65
$13.06
Latest Key Developments (Source: Significant Developments)
Crosstex Energy LP Reaffirms FY 2013 EBITDA Guidane-Conference Call
Crosstex Energy LP announced that it project fiscal 2013 adjusted EBITDA to fall within the range provided in its 2013 guidance. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $235.71 million for fiscal 2013. Full Article
Crosstex Energy LP Declares Quarterly Distribution and Dividend
Crosstex Energy LP announced that quarterly distribution on the Partnership’s common units will be $0.33 per unit. The distribution is payable May 13, 2013 to unitholders of record April 30, 2013. The Company also declared a quarterly dividend on the Corporation`s common stock will be $0.12 per share. The dividend is payable May 15, 2013 to shareholders of record April 30, 2013. Full Article
Crosstex Energy LP Declares Quarterly Distribution
Crosstex Energy LP announced that quarterly distribution on the Partnership’s common units will be $0.33 per unit. The distribution is payable February 14, 2013 to unitholders of record February 1, 2013. Full Article
Crosstex Energy LP Announces Pricing Of Common Units
Crosstex Energy LP announced that it has priced an underwritten public offering of 7,500,000 common units representing limited partner interests of the Partnership at $15.15 per common unit. The offering is expected to close on or about January 14, 2013. The Partnership has also granted the underwriters a 30-day option to purchase up to 1,125,000 additional common units. Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Morgan Stanley and RBC Capital Markets acted as joint book-running managers for the public offering. Concurrent with the public offering, the Partnership has agreed to sell to certain funds affiliated with Magnetar Capital in a privately negotiated transaction 2,700,000 common units for $14.55 per common unit, which equates to the net price per unit received by the Partnership in the underwritten public offering, after deducting underwriting discounts and commissions. The Partnership intends to use the net proceeds from these issuances, including any net proceeds from the underwriters` exercise of their option pursuant to the public offering, for capital expenditures for currently identified projects, including the Cajun-Sibon natural gas liquids pipeline expansion, and for general partnership purposes. Full Article
Crosstex Energy LP Announces Public Offering Of Common Units
Crosstex Energy LP announced that the commencement of an underwritten public offering of 7,500,000 common units representing limited partner interests of the Partnership. The Partnership will also grant the underwriters a 30-day option to purchase up to 1,125,000 additional common units. Wells Fargo Securities, BofA Merrill Lynch, Citigroup, Morgan Stanley and RBC Capital Markets will act as joint book-running managers for the public offering. Concurrent with the public offering, the Partnership intends to offer 2,700,000 common units to certain funds affiliated with Magnetar Capital in a privately negotiated transaction. The Partnership intends to use the net proceeds from these issuances, including any net proceeds from the underwriters' exercise of their option pursuant to the public offering, for capital expenditures for currently identified projects, including the Cajun-Sibon natural gas liquids pipeline expansion, and for general partnership purposes. Full Article
Crosstex Energy LP Issues FY 2013 EBITDA Guidance In Line With Analysts' Estimates-Conference Call
Crosstex Energy LP announced that for fiscal 2013, it is forecasting midpoint adjusted EBITDA to be approximately $235 million. Depending on changes in commodity prices and other factors affecting the business, adjusted EBITDA could range from $220 million, on the low side, to $250 million on the high side. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $245 million for fiscal 2013. Full Article
Crosstex Energy LP Sees FY 2012 EBITDA Guidance At Low End Of Prior Range-Conference Call
Crosstex Energy LP announced that it will able to achieve the lower end of its fiscal 2012 guidance, which is approximately $210 million to $215 million of EBITDA adjusted for six months of Ohio River Valley operations. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report EBITDA of $213 million for fiscal 2012. Full Article
Crosstex Energy LP Issues FY 2012 EBITDA Guidance Below Analysts' Estimates-Conference Call
Crosstex Energy LP announced that for fiscal 2012, it expects EBITDA guidance to be between $210-$215 million. According to I/B/E/S Estimates, analysts are expecting the Company to report EBITDA of $225 million for fiscal 2012. Full Article
Crosstex Energy LP Declares Quarterly Distribution
Crosstex Energy LP announced that quarterly distribution on the Partnership’s common units will be $0.33 per unit. The distribution is payable August 14 to unitholders of record August 1. Full Article
Crosstex Energy LP Announces Pricing of $250 Million Private Placement of Senior Notes Due 2022
Crosstex Energy LP announced today that the Partnership and its subsidiary, Crosstex Energy Finance Corporation, have priced their private placement to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended (the Securities Act), of $250 million in aggregate principal amount of 7 1/8 percent senior unsecured notes due 2022 at an issue price of 100% of the principal amount to yield 7 1/8 percent to maturity. The offering is expected to close on May 24, 2012, subject to customary closing conditions. The Partnership intends to use the net proceeds from this offering to fund a portion of the consideration payable by the Partnership in connection with its previously announced agreement to acquire Clearfield Energy, Inc. and for general partnership purposes, including capital expenditures for the Cajun-Sibon natural gas liquids pipeline expansion. Pending such use, the net proceeds will be placed into an escrow account. If the acquisition does not close by August 31, 2012, the notes will be redeemed at 100% of the principal amount, plus accrued and unpaid interest to the redemption date. Full Article
BRIEF-Crosstex Energy down 4.3 pct in extended trading
NEW YORK, Jan 8 - Crosstex Energy LP : * Shares down 4.3 percent in extended trading
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