THE WOODLANDS, Texas,
April 20, 2021 /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, 2021 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 14, 2021 to all common
unitholders of record as of the close of business on April 30, 2021.
CSI Compressco expects to release its first quarter 2021 results
before the opening of the market on Friday,
April 30, 2021. Following the release, CSI Compressco
will host a conference call at 10:30 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 10154468 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, artificial
lift, transmission, processing, and storage. CSI Compressco's
compression and related services business includes a fleet of
approximately 4,900 compressor packages providing approximately 1.2
million in aggregate horsepower, utilizing a full spectrum of low-,
medium- 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'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 and Argentina. CSI Compressco's General Partner is
owned by Spartan Energy Partners LP. 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