THE WOODLANDS, Texas,
Jan. 19, 2021 /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 December 31, 2020 of $0.01 per outstanding common unit, or
$0.04 per outstanding common unit on
an annualized basis. This cash distribution will be paid on
February 12, 2021 to all common
unitholders of record as of the close of business on January 29, 2021.
CSI Compressco expects to release its fourth quarter and full
year 2020 results before the opening of the market on Wednesday, February 24, 2021. 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 10151748 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, artificial
lift, transmission, processing, and storage. CSI Compressco's
compression and related services business includes a fleet of more
than 4,900 compressor packages providing approximately 1.17 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 and related services in certain Latin
American markets. CSI Compressco's aftermarket business provides
compressor package reconfiguration and maintenance services. CSI
Compressco's customers comprise a broad base of natural gas and oil
exploration and production, midstream, 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