Compressco Partners, L.P.
GSJK announced today that the board of directors of its general
partner has declared a cash distribution attributable to the quarter ended
March 31, 2014 of $0.445 per outstanding unit, or $1.78 per outstanding unit
on an annualized basis. This amount is an increase of $0.0075 per outstanding
unit over the previous distribution of $0.4375, and an increase of $0.02 per
outstanding unit over the distribution of $0.425 ($1.70 on an annualized
basis) attributable to the first quarter of 2013. This cash distribution will
be paid on May 15, 2014 to all unitholders of record as of the close of the
business on May 1, 2014.
Compressco Partners, L.P. Logo
In addition, Compressco Partners expects to release its first quarter 2014
earnings results on Thursday, May 8, 2014 and will host a conference call at
10:30 a.m. Eastern Time on that day to discuss the earnings results. The phone
number for the call is 877/870-4263. The conference will also be available by
live audio webcast and may be accessed through Compressco Partners' website at
www.compressco.com. The earnings press release will be available on Compressco
Partners' website prior to the conference call. A replay of the call will be
available at 877/344-7529, conference number 10044265, for one week following
the conference, and the archived webcast will be available through Compressco
Partners' website for thirty days following the conference.
Compressco Partners is a provider of compression-based production enhancement
services, which are used in both conventional wellhead compression
applications and unconventional compression applications, and in certain
circumstances, well monitoring and sand separation services. Compressco
Partners provides services to a broad base of natural gas and oil exploration
and production companies operating throughout many of the onshore producing
regions of the United States. Internationally, Compressco Partners has
significant operations in Mexico and Canada and a growing presence in certain
countries in South America, Europe, and the Asia-Pacific region. Compressco
Partners is managed by Compressco Partners GP Inc., which is an indirect,
wholly owned subsidiary of TETRA Technologies, Inc. TTI.
Forward Looking Statements
This press release includes certain statements that are deemed to be
forward-looking statements. Generally, the use of words such as "may,"
"expect," "intend," "estimate," "projects," "anticipate," "believe," "assume,"
"could," "should," "plans," "targets," or similar expressions that convey the
uncertainty of future events, activities, expectations, or outcomes identify
forward-looking statements. These forward-looking statements include
statements concerning expected results of operations for 2014, anticipated
activities by our customers, financial guidance, estimated distributable cash,
estimated earnings, earnings per unit, and statements regarding Compressco
Partners' beliefs, expectations, plans, goals, future events, and performance,
and other statements that are not purely historical. These forward-looking
statements are based on certain assumptions and analyses made by Compressco
Partners in light of its experience and its perception of historical trends,
current conditions, expected future developments, and other factors it
believes are appropriate in the circumstances. Such statements are subject to
a number of risks and uncertainties, many of which are beyond the control of
Compressco Partners. Investors are cautioned that any such statements are not
guarantees of future performances or results and that actual results or
developments may differ materially from those projected in the forward-looking
statements. Some of the factors that could affect actual results are described
in Compressco Partners' Annual Report on Form 10-K for the year ended December
31, 2013, as well as other risks identified from time to time in its reports
on Form 10-Q and Form 8-K filed with the U.S. Securities and Exchange
Commission. Compressco Partners undertakes no obligation to update or revise
any forward-looking statement to reflect new information or events.
This press release serves as qualified notice to nominees as provided for
under Treasury Regulation Section 1.1446-4(b)(4) and (d). Compressco Partners'
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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