THE WOODLANDS, Texas,
July 21, 2017 /PRNewswire/ -- CSI
Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today
that the board of directors of its general partner has declared a
cash distribution attributable to the quarter ended June 30, 2017 of $0.1875 per outstanding common unit, or
$0.7500 per outstanding common unit
on an annualized basis. This cash distribution is equal to the
previous quarterly distribution and will be paid on August 14, 2017 to all common unitholders of
record as of the close of business on August
1, 2017.
CSI Compressco expects to release its second quarter 2017
earnings results before the opening of the market on Tuesday, August 8, 2017. Following the
release, CSI Compressco will host a conference call at 10:30 a.m. Eastern Time to discuss the results.
CSI Compressco invites you to listen to the conference call by
calling the toll free number 1-866-374-8397. The conference call
will also be available by live audio webcast and may be accessed
through CSI Compressco's website at www.csicompressco.com. The
press release will be available on CSI Compressco's website prior
to the conference call. A replay of the conference call will
be available at 1-877-344-7529, conference number 10101586, for one
week following the conference, and the archived webcast will be
available through CSI Compressco's website for thirty days
following the conference.
About CSI Compressco
CSI Compressco is a provider of
compression services and equipment for natural gas and oil
production, gathering, transportation, processing, and storage. CSI
Compressco's compression and related services business includes a
fleet of more than 5,800 compressor packages and approximately 1.1
million in aggregate horsepower, utilizing a full spectrum of low-,
medium-, and high-horsepower engines. CSI Compressco also provides
well monitoring and automated sand separation services in
conjunction with compression services in Mexico. CSI Compressco's equipment sales
business includes the fabrication and sale of standard compressor
packages, custom-designed compressor packages, and oilfield fluid
pump systems designed and fabricated primarily at our facility in
Midland, Texas. CSI Compressco's
aftermarket business provides compressor package reconfiguration
and maintenance services as well as the sale of compressor package
parts and components manufactured by third-party suppliers. CSI
Compressco's customers comprise a broad base of natural gas and oil
exploration and production, mid-stream, transmission, and storage
companies operating throughout many of the onshore producing
regions of the United States as
well as in a number of foreign countries, including Mexico, Canada and Argentina. CSI Compressco is
managed by CSI Compressco GP Inc., which is an indirect, wholly
owned subsidiary of TETRA Technologies, Inc. (NYSE: TTI).
This press release serves as qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). CSI Compressco's distributions to foreign investors are
subject to federal tax withholding at the highest applicable
effective tax rate. Nominees are treated as withholding agents
responsible for withholding distributions received by them on
behalf of foreign investors.
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SOURCE CSI Compressco LP