THE WOODLANDS, Texas,
April 18, 2019 /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, 2019 of $0.01 per outstanding common unit, or
$0.04 per outstanding common unit on
an annualized basis. This cash distribution is the same as
the previous quarterly distribution and will be paid on
May 15, 2019 to all common
unitholders of record as of the close of business on May 1, 2019.
CSI Compressco will release its first quarter 2019 results
before the opening of the market on Wednesday, May 8, 2019. 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 10127835 for one week following
the conference call and the archived webcast will be available
through CSI Compressco's website for thirty days following the
conference call.
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 5,700 compressor packages providing approximately 1.14 million
in aggregate horsepower, utilizing a full spectrum of low, mid and
high horsepower engines. CSI Compressco also provides well
monitoring and automated sand separation services in conjunction
with compression and related services in Mexico. CSI
Compressco's equipment sales business includes the fabrication and
sale of standard compressor packages and custom-designed compressor
packages 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.
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SOURCE CSI Compressco LP