OKLAHOMA CITY, July 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 June 30,
2013 of $0.425 per outstanding
unit. This cash distribution will be paid on August 15, 2013 to all unitholders of record as
of the close of the business on August 1,
2013.
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In addition, Compressco Partners expects to release its second
quarter 2013 earnings results on Tuesday,
August 6, 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 10031736, 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, which are used in both
conventional wellhead compression applications and unconventional
compression applications, and in certain circumstances, 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,"
"targets" or similar expressions that convey the uncertainty of
future events, activities, expectations or outcomes identify
forward-looking statements. These forward-looking statements
include statements concerning expected results of operations for
2013, anticipated activities by our customers, 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
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 U.S. 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.