CSI Compressco LP Announces Quarterly Distribution and Schedule for Third Quarter 2022 Earnings Release Conference Call and Webcast

Rhea-AI Summary

CSI Compressco LP (CCLP) announced a cash distribution of $0.01 per common unit for the quarter ended September 30, 2022, equating to an annualized amount of $0.04. This distribution will be paid on November 14, 2022, to unitholders of record as of October 31, 2022. The company will release its third quarter 2022 results on November 3, 2022, followed by a conference call at 10:30 a.m. ET. CSI Compressco provides compression services and equipment for natural gas and oil production.

Positive

• Declared a cash distribution of $0.01 per common unit.
• Annualized distribution of $0.04 per common unit.
• Upcoming earnings release is expected on November 3, 2022.

Negative

• None.

THE WOODLANDS, Texas, Oct. 21, 2022 /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 September 30, 2022 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 November 14, 2022 to all common unitholders of record as of the close of business on October 31, 2022.

CSI Compressco expects to release its third quarter 2022 results before the opening of the market on Thursday, November 3, 2022. 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 10172750, replay code 6448716, 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. In addition, CSI Compressco provides a variety of natural gas treating services. CSI Compressco's contract services business includes a fleet of approximately 4,800 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, Egypt, and Chile. 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.

For further information, please contact: Jon Byers, CFO, CSICompressco LP, The Woodlands, Texas, Phone: 281.364.2279, www.csicompressco.com

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SOURCE CSI Compressco LP

FAQ

What is the cash distribution declared by CCLP for Q3 2022?

CCLP declared a cash distribution of $0.01 per common unit for the quarter ended September 30, 2022.

When will CCLP announce its third quarter 2022 earnings?

CCLP will release its third quarter 2022 results on November 3, 2022.

What is the annualized cash distribution rate for CCLP?

The annualized cash distribution rate for CCLP is $0.04 per common unit.

When will CCLP's cash distribution be paid?

The cash distribution will be paid on November 14, 2022.

What is the record date for CCLP's cash distribution?

The record date for CCLP's cash distribution is October 31, 2022.