CSI Compressco LP (CCLP) has declared a cash distribution for the quarter ended March 31, 2023. The board of directors of its general partner announced that $0.01 per outstanding common unit will be paid to all common unitholders of record as of the close of business on April 30th. The cash distribution is scheduled for May 15, 2023.
In addition to the cash distribution announcement, CSI Compressco will host a conference call at 10:30 a.m. Eastern Time on Thursday, May 4, 2022 to discuss their first quarter results for the year. The company plans to release these financial results before market opening on that same day.
The conference call will be accessible by live audio webcast through CSI Compressco's website at www.csicompressco.com.com. For those unable to attend the live event or who wish to listen again later, an audio replay will be available by calling 1-877-344-7529 using conference number 10178224 and replay code 4997718; this option is available for one week following the conference call.
It should be noted that all distributions made by CSI Compressesco LP to foreign investors are subject to federal tax withholding at each investor's highest applicable effective tax rate.
With this forthcoming discussion regarding their financial performance in Q1 and subsequent cash distribution payments being issued soon after, shareholders have much reason for anticipation as they await further insight from company leadership during next month's eventful proceedings.