On May 8, 2013, Crosstex Energy Inc. and XTXI Capital, LLC entered into a First Amendment to Credit Agreement which amended that certain Credit Agreement, dated as of March 5, 2013 by and among Subsidiary Borrower, Citibank, N.A., as Administrative Agent, Collateral Agent and a Lender, and the other lenders party thereto. The Subsidiary Credit Agreement Amendment amends the Subsidiary Credit Agreement to increase the amount Subsidiary Borrower is permitted to borrow on a revolving credit basis thereunder from $75.0 million to up to $90.0 million. Subsidiary Borrower intends to distribute the proceeds from the Amended Subsidiary Credit Agreement to the Company to finance the Company's investment in new natural gas compression and condensate stabilization facilities that will provide services for producers in the Utica Shale play, including the new E2 Investment.

Crosstex Energy Inc. reported unaudited earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $445,689,000 against $371,709,000 for the same period a year ago. Operating income was $14,130,000 against $22,074,000 for the same period a year ago. Loss before non-controlling interest and income taxes was $6,114,000 against income before non-controlling interest and income taxes of $2,706,000 for the same period a year ago. Net loss attributable to company was $2,936,000 against $825,000 for the same period a year ago. Basic and diluted net loss attributable to company was $0.06 against $0.02 for the same period a year ago. Adjusted EBITDA for the first quarter was $57.7 million, compared with adjusted EBITDA of $58.5 million for the year-ago period. The company project 2013 adjusted EBITDA to fall within the range provided in 2013 guidance, which was mentioned approximately $10 million from the mid-point of the guidance if commodity prices continued at similar levels to 2013.

The Crosstex Energy companies announced the declaration of the quarterly dividend of $0.12 per share on Crosstex Energy Inc.'s common stock. The dividend is payable on May 15, 2013 to shareholders of record April 30, 2013.