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Crosstex Energy Inc

 
Hoover's Profile: Crosstex Energy, Inc.
(NASDAQ (GS):XTXI)
Company Financials
Income Statement
Balance Sheet
Cash Flow Statement

Contact Information
Crosstex Energy, Inc.
2501 Cedar Springs Rd., Ste. 100
Dallas, TX 75201
TX Tel. 214-953-9500
Fax 214-953-9501

Type: Public
On the web: http://www.crosstexenergy.com
Employees: 780
Employee growth: 11.4%

Crosstex Energy Inc. owns and controls the general partner of natural gas company Crosstex Energy L.P. Crosstex Energy's energy sources and markets are found along the Gulf Coast, from Texas to Florida. It is engaged in natural gas gathering, processing, transmission, and marketing, and its treating division focuses on cleaning natural gas of carbon dioxide and hydrogen sulfide to enable the gas to meet pipeline quality requirements. The company buys natural gas from independent producers. Crosstex Energy's assets include 3,300 miles of natural pipeline, 10 processing plants, three fractionators, and 225 gas treating plants. Chieftain Capital Management owns about 18% of the company.

Key numbers for fiscal year ending December, 2008:
Sales: $4,907.0M
One year growth: 27.1%
Net income: $24.2M
Income growth: 99.0%

Officers:
Chairman, President, and CEO: Barry E. Davis
EVP and CFO: William W. Davis
Public Relations Specialist: Meggan Stall

Competitors:
DCP Midstream Partners
Kinder Morgan Energy Partners
Plains All American Pipeline

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