Cypress Energy Partners, L.P. Announces Third Quarter Cash Distribution
October 27 2017 - 3:05PM
Business Wire
Cypress Energy Partners, L.P. (NYSE: CELP) announced today that
the board of directors of its general partner declared a cash
distribution for the third quarter of 2017. The cash distribution
is $0.21 per limited partner unit. This amount remains unchanged
from the second quarter of 2017. The distribution will be payable
on November 14, 2017 to all unitholders of record on November 7,
2017.
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 a number of 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 that 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 growth-oriented master limited partnership that
provides midstream services including pipeline inspection,
integrity, and hydrostatic testing services to energy, E&P,
public utility companies, and midstream companies and their
respective vendors throughout the U.S. and Canada. Cypress also
provides saltwater disposal and other water and environmental
services to U.S. energy E&P companies and their vendors in
North Dakota in the Williston Basin, and West Texas in the Permian
Basin. In all three 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 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: http://www.businesswire.com/news/home/20171027005778/en/
Cypress Energy Partners, L.P.Les Austin, 918-748-3907Chief
Financial Officerles@cypressenergy.com
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