THE WOODLANDS, Texas,
April 21, 2020 /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
March 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
May 15, 2020 to all common
unitholders of record as of the close of business on May 1, 2020.
![CSI Compressco LP Logo CSI Compressco LP Logo](https://mma.prnewswire.com/media/431423/CSI_Compressco_LP_Logo.jpg)
CSI Compressco expects to release its first quarter 2020 results
before the opening of the market on Monday,
May 4, 2020. Following the release, CSI Compressco will
host a conference call at 9:30 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 10138620 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,
transportation, processing, and storage. CSI Compressco's
compression and related services business includes a fleet of more
than 5,200 compressor packages providing approximately 1.19 million
in aggregate horsepower, utilizing a full spectrum of low-, mid-
and high- horsepower engines. CSI Compressco also provides
well monitoring and automated sand separation services in
conjunction with compression and related services in Mexico. CSI Compressco also designs and sells
standard compressor packages and custom-designed compressor
packages. CSI Compressco's aftermarket business provides
compressor package reconfiguration and maintenance services, as
well as the sale of compressor package parts and components
manufactured by third-party suppliers. CSI Compressco's
customers comprise a broad base of natural gas and oil exploration
and production, mid-stream, 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