CSI Compressco LP Announces Quarterly Distribution and Schedule for Second Quarter 2021 Earnings Release Conference Call and Webcast

Rhea-AI Summary

CSI Compressco LP (CCLP) declared a cash distribution of $0.01 per common unit for the quarter ended June 30, 2021, translating to an annualized rate of $0.04. This distribution will be paid on August 13, 2021, to holders of record as of July 30, 2021. The company is set to release its second-quarter 2021 results on July 30 before market opening, followed by a conference call at 11:00 a.m. ET. CSI Compressco provides compression services and equipment for natural gas and oil production, with a significant fleet of compressor packages.

Positive

• Declared cash distribution of $0.01 per common unit.
• Annualized distribution rate of $0.04.
• Strong operational capabilities with approximately 4,900 compressor packages.

Negative

• None.

THE WOODLANDS, Texas, July 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 June 30, 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 August 13, 2021 to all common unitholders of record as of the close of business on July 30, 2021.

CSI Compressco expects to release its second quarter 2021 results before the opening of the market on Friday, July 30, 2021.  Following the release, CSI Compressco will host a conference call at 11:00 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 10158212 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

FAQ

What is the cash distribution amount announced by CCLP for Q2 2021?

CCLP announced a cash distribution of $0.01 per common unit for the quarter ended June 30, 2021.

When will CCLP's cash distribution be paid?

The cash distribution will be paid on August 13, 2021, to unitholders of record as of July 30, 2021.

When will CSI Compressco release its Q2 2021 earnings?

CSI Compressco is set to release its second-quarter 2021 results on July 30, 2021, before market opening.

What time is CCLP's earnings conference call scheduled?

The earnings conference call is scheduled for 11:00 a.m. Eastern Time on July 30, 2021.

What services does CSI Compressco provide?

CSI Compressco provides compression services and equipment for natural gas and oil production, including well monitoring and automated sand separation.