THE WOODLANDS, Texas,
April 20, 2018 /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
March 31, 2018 of $0.1875 per outstanding common unit, or
$0.75 per outstanding common unit on
an annualized basis. This cash distribution is equal to the
previous quarterly distribution and will be paid on May 15, 2018 to all common unitholders of record
as of the close of business on May 1,
2018.
CSI Compressco expects to release its first quarter 2018
earnings results before the opening of the market on Monday, May 7, 2018. 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 news release will be available on
CSI Compressco's website prior to the conference call. An
audio replay of the conference call will be available at
1-877-344-7529, conference number 10115965, 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 news 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.
View original content with
multimedia:http://www.prnewswire.com/news-releases/csi-compressco-lp-announces-quarterly-distribution-and-schedule-for-first-quarter-2018-results-conference-call-300633491.html
SOURCE CSI Compressco LP