Eagle Rock Energy Partners, L.P. reported unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2009. Adjusted EBITDA totaled $51.3 million, a decrease of 32% as compared to the $74.9 million reported for third-quarter 2008. Distributable Cash Flow totaled $36.6 million, a decrease of 38% as compared to the $59.4 million reported for third-quarter 2008. The company reported net loss of $25.3 million, as compared to net income of $288.1 million for third quarter 2008. Revenue for third-quarter 2009, including the impact of Eagle Rock's realized and unrealized derivative gains and losses, increased 72% to $163.9 million, decrease of 73% from the $603.9 million reported for third-quarter 2008. The company reported maintenance capital expenditures of $4.392 million compared to $5.434 million for the same period of last year. The company reported loss from continuing operations before income tax of $19.456 million, loss from operations of $5.261 million and loss from continuing operations of $25.297 million compared to income from continuing operations before income tax of $286.977 million, income from operations of $296.893 million and income from continuing operations of $287.477 million for the same period of last year. For the nine months, the company reported adjusted EBITDA of $137.156 million compared to $184.299 million for the same period of last year. The company reported maintenance capital expenditures of $12.011 million compared to $21.447 million for the same period of last year. The company reported net loss of $102.603 million on revenues of $459.053 million compared to net income of $32.723 million on revenues of $974.079 million for the same period of last year. The company reported loss from continuing operations before income tax of $101.235 million, loss from operations of $81.246 million and loss from continuing operations of $102.869 million compared to income from continuing operations before income tax of $29.775 million, income from operations of $55.838 million and income from continuing operations of $31.272 million for the same period of last year. The company announced a third-quarter 2009 cash distribution of $0.025 per unit, or $0.10 per unit on an annualized basis, for all of its outstanding common and general partner units. The company will not pay a distribution on the subordinated units for the third quarter of 2009. The distribution will be paid on November 13, 2009 to the general partner and all common unitholders of record on November 9, 2009. The company recorded impairment of $274,000 for the third quarter of 2009.

Eagle Rock Energy Partners, L.P. announced its unaudited financial results for the three and nine months ended September 30, 2009. The company reported a net loss of $25.3 million, as compared to a net loss of $74.8 million for second-quarter 2009 and net income of $288.1 million for third quarter 2008. The company is considering alternatives to enhance its liquidity. The company stated: �Management is continuing to consider alternatives to enhance Eagle Rock's liquidity and address concerns surrounding its ability to remain in compliance with the financial covenants under its credit facility. These alternatives include potential asset sales, which could include small, discrete midstream assets or all or certain portions of the Eagle Rock's Upstream or Minerals Businesses, and additional adjustments to the Eagle Rock's hedging portfolio. The company's decision to enter into any asset sales will depend on numerous factors, including the potential purchase price for the assets, the extent to which the sales would be credit enhancing, the type of consideration offered and the likelihood of successfully completing the transaction.�

Eagle Rock Energy Partners, L.P. declared a cash distribution of $0.025 per common unit and general partner unit for the quarter ended September 30, 2009. The distribution will be paid on November 13, 2009 to the general partner and all common unitholders of record as of November 9, 2009. No distribution will be paid on the subordinated units for the quarter. The approved distribution is unchanged from the second quarter 2009 distribution level.