THE
WOODLANDS, Texas, March 4,
2024 /PRNewswire/ -- CSI Compressco LP ("CSI
Compressco" or the "Partnership") (NASDAQ: CCLP) today announced
that the Partnership's 2023 Schedule K-1 investor tax packages are
now available online. They may be accessed through CSI
Compressco's website through the Investor Relations K-1 Tax Support
link or directly through the K-1 Tax Package Support
website, www.taxpackagesupport.com/compressco. The Partnership
plans to mail tax packages beginning this week.
For additional information, regarding the Tax Package for the
year ended Dec. 31, 2023, unitholders may call K-1 Tax Package
Support toll free at (877) 223-4851.
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. In addition, CSI
Compressco provides a variety of natural gas treating services. CSI
Compressco's contract services business includes a fleet of
approximately 4,500 compressor packages providing approximately 1.2
million in aggregate horsepower, utilizing a full spectrum of low-,
medium- and high-horsepower engines. Additionally, our gas treating
equipment fleet includes natural gas cooling units used to reduce
the temperature of natural gas so that it can be further treated,
processed, or compressed. CSI Compressco also provides well
monitoring and automated sand separation services in conjunction
with compression and related services in Mexico. 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, Argentina, and Chile. CSI Compressco's General Partner is
owned by Spartan Energy Partners LP. Concurrent with this
announcement we are providing qualified notice to brokers and
nominees that hold CSI Compressco LP units on behalf of non-US
investors as provided for under Treasury Regulation Section
1.1446-4(b)(4) and (d) and Treasury Regulation Section
1.1446(f)-4(c)(2)(iii). Please note that one hundred percent (100%)
of CSI Compressco LP's distributions to foreign investors are
attributable to income that is effectively connected with a
United States trade or business.
Accordingly, all of CSI Compressco LP's distributions to foreign
investors are subject to federal tax withholding at the highest
applicable effective tax rate. Nominees, and not CSI Compressco LP,
are treated as withholding agents responsible for withholding
distributions received by them on behalf of foreign investors. For
purposes of Treasury Regulation Section 1.1446(f)-4(c)(2)(iii),
brokers and nominees should treat one hundred percent (100%) of the
distributions as being in excess of cumulative net income for
purposes of determining the amount to withhold.
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SOURCE CSI Compressco LP