Crosstex Energy 8-K Completion of Acquisition or Disposition of Assets

EXHIBIT 99.2

Unaudited Pro Forma Condensed Statement of Operations

The accompanying pro forma consolidated statement of operations for Crosstex Energy, Inc. (“the Company”) is presented in accordance with Article 11 of Regulation S-X and has been prepared to reflect Crosstex Energy, L.P.’s (“the Partnership”) disposition of its assets located in Mississippi, Alabama and south Texas. The Partnership sold these assets on August 6, 2009 for cash consideration of approximately $218.0 million which represents the purchase price of $220.0 million adjusted for working capital and purchase price adjustments provided for in the purchase agreement.

The pro forma consolidated statement of operations for the year ended December 31, 2008 reflects the pro forma adjustments as though the disposition had occurred on January 1, 2008. The Partnership will recognize a gain on sale of approximately $98.0 million based on estimated net proceeds but this gain is not reflected as a pro forma adjustment since it does not have a continuing impact to operations. The Company’s share of this gain is approximately $21.0 million after non-controlling interest and income taxes. Sales proceeds, net of transaction costs and other obligations associated with the sale, of $212.0 million were used to repay long-term indebtedness. No general and administrative expenses have been allocated to assets sold.

The historical financial information included in the column titled “Crosstex Energy, Inc.” was derived from the Company’s financial statements included in its Form 10-K for the year ended December 31, 2008 and only includes the portion through “loss from continuing operations.” The historical financial information has been recast to attribute net income to non-controlling interest in accordance with Statement of Accounting Standards No. 160, “Non-Controlling Interest in Consolidated Financial Statements.” In addition, the net income (loss) per common share has been adjusted to conform with the requirements of the Financial Accounting Staff Board staff position FSP EITF 03-6-1 which requires unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents to be treated asparticipating securitiesas defined in Emerging Issues Task Force Issue No. 03-6,“Participating Securities and the Two-Class Method under FASB Statement No. 128.”

The unaudited pro forma consolidated financial information is based on assumptions that the Company believes are reasonable under the circumstances and are intended for informational purposes only. Actual results may differ from the estimates and assumptions used. They are not necessarily indicative of the financial results that would have occurred if this disposition had taken place on the dates indicated, nor are they indicative of future results.

CROSSTEX ENERGY, INC.

Unaudited Pro Forma Consolidated Statement of Operations

For the Year Ended December 31, 2008

(In Thousands Except Share Data And Per Share Data)

	Crosstex			Pro Forma
	Energy, Inc.			Adjustments			Pro Forma
Revenues:
Midstream	$	4,838,747		$	(1,766,101	)(a)	$	3,072,646
Treating		64,953			(16,338	)(a)		48,615
Profit on energy trading activities		3,349			—			3,349
Total revenues		4,907,049			(1,782,439	)		3,124,610
Operating costs and expenses:
Midstream purchased gas		4,471,308			(1,701,635	)(a)		2,769,673
Treating purchased gas		14,579			(14,579	)(a)		—
Operating expenses		169,056			(21,662	)(a)		147,394
General and administrative		74,518			(161	)(a)		74,357
Gain on sale of property		(1,519	)		19	(a)		(1,500	)
Gain on derivatives		(12,203	)		3,584	(a)		(8,619	)
Impairment		31,240			—			31,240
Depreciation and amortization		131,318			(12,349	)(a)		118,969
Total operating costs and expenses		4,878,297			(1,746,783	)		3,131,514
Operating income (loss)		28,752			(35,656	)		(6,904	)
Other income (expense):
Interest expense, net		(102,565	)		13,284	(b)		(89,281	)
Other income		27,885			(12	)(a)		27,873
Total other income (expense)		(74,680	)		13,272			(61,408	)
Loss from continuing operations before non-controlling interest and income taxes		(45,928	)		(22,384	)		(68,312	)
Income tax (provision) benefit		(2,410	)		3,832	(c)		1,422
Gain on issuance of units of the Partnership		14,748			—			14,748
Net loss from continuing operations		(33,590	)		(18,552	)		(52,142	)
Less: Net loss from continuing operations attributable to the non-controlling interest		(45,593	)		(12,047	)		(57,640	)
Net income from continuing operations attributable to Crosstex Energy, Inc.	$	12,003		$	(6,505	)	$	5,498
Net income from continuing operations per common share:
Basic	$	0.26					$	0.12
Diluted	$	0.26					$	0.12
Weighted-average shares outstanding:
Basic		46,298						46,298
Diluted		46,589						46,589

Notes to Unaudited Pro Forma Consolidated Statement of Operations

Pro Forma Adjustment Explanations

(a) Adjustments to eliminate the revenues and expenses directly attributable to the Mississippi, Alabama and south Texas assets sold.

(b) Adjustment to reflect the interest savings from the debt repayment of $212.0 million using a 6.16% annual rate which represents the weighted average interest rate for the year ended December 31, 2008 attributable to the debt repaid.

(c) Adjustment to eliminate income taxes attributable to the income from the assets sold.