Cypress Energy Partners, L.P. Announces Fourth Quarter Cash Distribution
28 Enero 2020 - 3:30PM
Business Wire
Cypress Energy Partners, L.P. (“CELP”) (NYSE: CELP) announced
today the board of directors of its general partner declared a cash
distribution for the fourth quarter of 2019. The cash distribution
is $0.21 per limited partner common unit. This amount remains
unchanged from the third quarter of 2019. The distribution will be
payable on February 14, 2020 to all unitholders of record on
February 7, 2020.
This press release includes “forward-looking statements.”
All statements, other than statements of historical facts included
or incorporated herein, may constitute forward-looking statements.
Actual results could vary significantly from those expressed or
implied in such statements and are subject to several risks and
uncertainties. While CELP believes its expectations as reflected in
the forward-looking statements are reasonable, CELP can give no
assurance that such expectations will prove to be correct. The
forward-looking statements involve risk and uncertainties that can
affect operations, financial performance, and other factors as
provided in CELP’s filings with the Securities and Exchange
Commission. Other factors which could impact any forward-looking
statements are those risks described in CELP’s Annual Report filed
on Form 10-K and in other public filings. You are urged to
carefully review and consider the cautionary statements and other
disclosures made in those filings, specifically those under the
heading “Risk Factors.” CELP undertakes no obligation to publicly
update or revise any forward-looking statements except as required
by law.
About Cypress Energy Partners, L.P.
Cypress Energy Partners, L.P. is a master limited partnership
that provides essential midstream services including pipeline
inspection, integrity, and hydrostatic testing services to various
energy companies and their vendors throughout the U.S. and Canada.
Cypress also provides saltwater disposal and environmental services
to upstream energy companies and their vendors in North Dakota in
the Bakken region of the Williston Basin. In all of these business
segments, Cypress works closely with its customers to help them
comply with increasingly complex and strict environmental and
safety rules and regulations and to reduce their operating costs.
Cypress is headquartered in Tulsa, Oklahoma.
This release is a qualified notice under Treasury Regulation
Section 1.1446-4(b). Brokers and nominees should treat 100% of
Cypress Energy Partners L.P.’s distributions to foreign investors
as being attributable to income that is effectively connected with
a United States trade or business. Therefore, distributions to
foreign investors are subject to federal income tax withholding at
the highest applicable effective tax rate.
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version on businesswire.com: https://www.businesswire.com/news/home/20200128005813/en/
Cypress Energy Partners, L.P. Jeff Herbers Vice
President & Chief Financial Officer 918-947-5730
jeff.herbers@cypressenergy.com
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