Cypress Energy Partners, L.P. Announces Second Quarter Cash Distribution and Timing of Earnings Release and Conference Call
July 26 2018 - 4:30PM
Business Wire
Cypress Energy Partners, L.P. (“CELP”) (NYSE: CELP) announced
today that the board of directors of its general partner declared a
cash distribution for the second quarter of 2018. The cash
distribution is $0.21 per limited partner unit. This amount remains
unchanged from the first quarter of 2018. The distribution will be
payable on August 14, 2018 to all unitholders of record on August
7, 2018.
The Partnership also reported it will host an Earnings Release
Conference Call on Tuesday, August 14, 2018 at 10:00 am EDT (9:00
am CDT), to discuss its second quarter 2018 financial results.
Analysts, investors, and other interested parties may access the
Earnings Release Conference Call by dialing toll-free (US &
Canada): (888) 339-2688, Passcode 78286946, or International
Direct: +1 (617) 847-3007, Passcode 78286946.
An archived audio replay of the call will be available in the
Investor section of our website at www.cypressenergy.com on
Thursday, August 16, 2018 beginning at 10:00 am EDT (9:00 am
CDT).
CELP expects to distribute its Earnings Press Release after the
NYSE closes trading on Monday, August 13, 2018.
This press release includes “forward-looking statements.”
All statements, other than statements of historical facts included
or incorporated herein, may constitute forward-looking statements.
Actual results could vary significantly from those expressed or
implied in such statements and are subject to a number of risks and
uncertainties. While CELP believes its expectations as reflected in
the forward-looking statements are reasonable, CELP can give no
assurance that such expectations will prove to be correct. The
forward-looking statements involve risk and uncertainties that can
affect operations, financial performance, and other factors as
provided in CELP’s filings with the Securities and Exchange
Commission. Other factors which could impact any forward-looking
statements are those risks described in CELP’s Annual Report filed
on Form 10-K and in other public filings. You are urged to
carefully review and consider the cautionary statements and other
disclosures made in those filings, specifically those under the
heading “Risk Factors.” CELP undertakes no obligation to publicly
update or revise any forward-looking statements except as required
by law.
About Cypress Energy Partners, L.P. Cypress Energy
Partners, L.P. is a growth-oriented master limited partnership that
provides (1) midstream services including pipeline inspection and
integrity services; (2) hydrostatic testing services to energy,
E&P, public utility companies, midstream companies and their
respective vendors throughout the U.S. and Canada; and (3)
saltwater disposal and other water and environmental services to
energy E&P companies and their vendors in North Dakota in the
Williston Basin. In all three of these business segments, Cypress
works closely with its customers to help them comply with
increasingly complex and strict environmental and safety rules and
regulations and reduce their operating costs. Cypress is
headquartered in Tulsa, Oklahoma.
This release is a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat 100% of
Cypress Energy Partners L.P.’s distributions to foreign investors
as being attributable to income that is effectively connected with
a United States trade or business. Therefore, distributions to
foreign investors are subject to federal income tax withholding at
the highest applicable effective tax rate.
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version on businesswire.com: https://www.businesswire.com/news/home/20180726005977/en/
Cypress Energy Partners, L.P.Jeff Herbers, 918-947-5730Chief
Accounting Officerjeff.herbers@cypressenergy.com
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