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

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CSI Compressco LP (NASDAQ: CCLP) announced a cash distribution of $0.01 per common unit for the quarter ended June 30, 2022, equivalent to an annualized rate of $0.04. This distribution will be paid on August 12, 2022, to unitholders of record as of July 29, 2022. The company plans to release its second-quarter results on August 9, 2022, before market opening, followed by a conference call at 10:30 a.m. ET. CSI Compressco provides compression services and equipment for the oil and gas industry, with a global operational footprint.

Positive
  • Declared cash distribution of $0.01 per common unit, showing consistent return to investors.
  • Upcoming second-quarter earnings release may indicate positive financial performance.
Negative
  • None.

THE WOODLANDS, Texas, July 19, 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 June 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 August 12, 2022 to all common unitholders of record as of the close of business on July 29, 2022.

CSI Compressco expects to release its second quarter 2022 results before the opening of the market on Tuesday, August 9, 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 10169664, replay code 1454494, 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.

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SOURCE CSI Compressco LP

FAQ

What is the cash distribution announced by CSI Compressco for Q2 2022?

CSI Compressco declared a cash distribution of $0.01 per common unit for the quarter ended June 30, 2022.

When will CSI Compressco's cash distribution be paid?

The cash distribution will be paid on August 12, 2022, to unitholders of record as of July 29, 2022.

When is CSI Compressco releasing its second-quarter earnings?

CSI Compressco plans to release its second-quarter earnings before the market opens on August 9, 2022.

What time is the conference call for CSI Compressco's Q2 2022 earnings?

The conference call will take place at 10:30 a.m. Eastern Time on August 9, 2022.

How can investors listen to the CSI Compressco conference call?

Investors can listen to the call by calling 1-866-374-8397 or via live audio webcast on CSI Compressco's website.

CSI Compressco LP

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Oil & Gas Equipment & Services
Energy
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United States
The Woodlands