OKLAHOMA CITY, April 19, 2013 /PRNewswire/ -- Compressco
Partners, L.P. (NASDAQ: GSJK) announced today that the board of
directors of its general partner has declared a cash distribution
attributable to the quarter ended March 31,
2013 of $0.425 per outstanding
unit. This amount is an increase of $0.005 per outstanding unit over the previous
distribution of $0.42 per outstanding
unit. This cash distribution will be paid on May 15, 2013 to all unitholders of record as of
the close of the business on May 1,
2013.
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In addition, Compressco Partners expects to release its first
quarter 2013 earnings results on Tuesday,
May 7, 2013 and will host a conference call at 10:30 a.m. Eastern Time on that day to discuss
the earnings results. The phone number for the call is
800/860-2442. The conference will also be available by live audio
webcast and may be accessed through Compressco Partners' website at
www.compressco.com. The earnings press release will be available on
Compressco Partners' website prior to the conference call. A
replay of the call will be available at 877/344-7529, conference
number 10027832, for one week following the conference, and the
archived webcast will be available through Compressco Partners'
website for thirty days following the conference.
Compressco Partners is a provider of compression-based
production enhancement services, including both conventional
wellhead compression services and unconventional compression
services, and in certain markets, well monitoring and sand
separation services. Compressco Partners provides services to a
broad base of natural gas and oil exploration and production
companies operating throughout many of the onshore producing
regions of the United States.
Internationally, Compressco Partners has significant operations in
Mexico and Canada and a growing presence in certain
countries in South America,
Eastern Europe and the
Asia-Pacific region. Compressco
Partners is managed by Compressco Partners GP Inc., which is an
indirect, wholly owned subsidiary of TETRA Technologies, Inc.
(NYSE: TTI).
Forward Looking Statements
This press release includes certain statements that are deemed
to be forward-looking statements. Generally, the use of words such
as "may," "will," "expect," "intend," "estimate," "projects,"
"anticipate," "believe," "assume," "could," "should," "plans,"
"seeks," "goal," "targets" or similar expressions that convey the
uncertainty of future events, activities, expectations or outcomes
identify forward-looking statements that Compressco Partners
intends to be included within the safe harbor protections provided
by the federal securities laws. These forward-looking statements
include statements concerning expected results of operations for
2013, financial guidance, estimated distributable cash, estimated
earnings, earnings per unit, and statements regarding Compressco
Partners' beliefs, expectations, plans, goals, future events and
performance, and other statements that are not purely historical.
These forward-looking statements are based on certain assumptions
and analyses made by Compressco Partners in light of its experience
and its perception of historical trends, current conditions,
expected future developments and other factors it believes are
appropriate in the circumstances. Such statements are subject to a
number of risks and uncertainties, many of which are beyond the
control of Compressco Partners. Investors are cautioned that any
such statements are not guarantees of future performances or
results and that actual results or developments may differ
materially from those projected in the forward-looking statements.
Some of the factors that could affect actual results are described
in the section titled "Item 1A. Risk Factors" contained in
Compressco Partners' Annual Report on Form 10-K for the year ended
December 31, 2012, as well as other
risks identified from time to time in its reports on Form 10-Q and
Form 8-K filed with the Securities and Exchange Commission.
Compressco Partners undertakes no obligation to update or revise
any forward-looking statement to reflect new information or
events.
This press release serves as qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Compressco Partners' 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.
SOURCE Compressco Partners, L.P.