Good Morning.

Headlines this morning from Crosstex as it issues guidance for 2006. Here is the bottom line from the press release.

The Partnership currently expects to pay total distributions for this year between $2.10 and $2.20 per unit. Based on that range the Corporation would receive total distributions between $40.6 million and $44.3 million from the Partnership. The Corporation anticipates direct cash expenses associated with its operations outside of the Partnership of approximately $1.5 million. The Corporation expects that it will incur only nominal current year income tax expense due to tax loss carryforwards and other tax benefits it expects to use in 2006. However, it will continue to set its dividends as if it were a taxpayer. Therefore, it expects to pay dividends of between $2.40 and $2.65 per share in 2006

Conference call to follow beginning at 8:30am. Can't tell anything yet in the pre-market.

More posts as time allows this morning.