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Crosstex Energy, AŞ Message Board

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  • lizahuang54321 lizahuang54321 Aug 6, 2010 10:54 AM Flag


    Actually you are wrong about that. Why not read the press release before spouting off. They said XTEX will pay 0.25c per quarter and XTXI will pay 0.07c (see text below).

    Also your comments about earnings betray a lack of understanding about MLPs. eps is pretty meaningless for an MLP, the important metric is dcf. Suggest you read an MLP primer.

    Having said that, I agree that the unit prices have run up too quickly. XTEX is now at a 7.5% yield based on anticipated distribution which puts it right in line with where other G&Ps are currently trading. So I don't see much more upside unless valuations for the sector as a whole increase (which if they did, would be putting the sector into bubble territory). I see XTEX as being fairly valued, right now, if anything slightly overvalued.

    "Assuming the previously announced range of adjusted EBITDA and distributable cash flow guidance, the Partnership now expects it will generate sufficient distributable cash flow to distribute $0.25 per unit for the third quarter of 2010, payable in November 2010, with strong coverage from cash flows. Assuming the receipt of distributions from the Partnership at this level, the Corporation expects it could pay a dividend of $0.07 per share for the third quarter of 2010."