Investor relations

NYSE:CELP

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CELP NYSE
Price 7.82
Change -0.14
Volume 14,141
52 Week High 14.27
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September 22, 2017 04:02 PM Pricing delayed 20 minutes

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Cypress Energy Partners, L.P.

5727 S. Lewis Ave, Suite 500
Tulsa, OK 74105


Investor Relations Liaison

Les Austin
Fax: 918-748-3905
Phone: 918-748-3907
Email


What is a Master Limited Partnership (MLP)?

An MLP is a publicly traded partnership. The nature of a partnership provides for the "pass through" of income to its partners. This essentially avoids double taxation on profits often paid by corporations, which pay corporate income tax in addition to its shareholders paying taxes on dividends. Individual investors buy ownership interests, or units, in the partnership through a stock exchange similar to purchasing shares of stock in a corporation. Like other publicly-traded entities, MLPs file quarterly and annual financial statements with the Securities and Exchange Commission (SEC).

What is the distribution payout?

In the prospectus filed with the SEC when an MLP is going public, the MLP makes a statement as to its intention to distribute a specified minimum level of cash on a quarterly basis. This amount of cash flow is referred to as the “minimum quarterly distribution,” or MQD. The common unitholders have first priority on cash distributions to the extent of the MQD. In addition, if there is any shortfall in the payment of the MQD from prior quarters, all arrearages on the MQD must be paid to the common unitholders before any distributions can be made to the subordinated unitholders. Once the common unitholders have received the MQD (and any arrearages), the subordinated unitholders receive the MQD, and thereafter the common unitholders and subordinated unitholders share in cash distributions above the MQD on a pro rata basis. We intend to make a minimum quarterly distribution of $0.3875 per unit ($1.55 on an annualized basis) to the extent we have sufficient cash from operations after establishment of cash reserves and payment of fees and expenses, including payments to our general partner.

When is the distribution paid?

Distributions are paid within 45 days of the end of the quarter.

What are the tax implications?

Cypress Energy Partners, L.P. will not pay any federal income tax. Instead, each unitholder will be required to report on his income tax return his share of our income, gains, losses and deductions without regard to whether corresponding cash distributions are received. Our unitholders receive a Schedule K-1 during late February to advise of the income they are responsible for reporting on their individual income tax returns.

It is the responsibility of each unitholder to investigate the legal and tax consequences under the law of pertinent states and localities of his investment in Cypress Energy Partners, L.P. We suggest that you consult with your own tax advisor.

When was the company founded?

Cypress Energy Partners, LLC was founded in March 2012.

When is Cypress Energy Partners, L.P.’s fiscal year-end?

December 31st

Who is Cypress Energy Partners, L.P.'s independent auditor?

Ernst & Young LLP

What is Cypress Energy Partners, L.P.’s business?

Cypress Energy Partners, L.P. provides saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies. We also provide independent pipeline inspection and integrity services to pipeline, public utilities and oil & gas companies. In both of these business segments, we work closely with our customers to help them comply with increasingly complex and strict environmental and safety rules and regulations. For more information click here.

What sets Cypress Energy Partners, L.P. apart from the competition?

We believe water stewardship and management in the oil and natural gas industry is a significant growth opportunity. We have extensive industry relationships and expertise and look to provide cost effective solutions to support the energy industry.

Safety, quality, regulatory compliance and environmental stewardship are fundamental to our culture. In addition to inspections by regulatory authorities we also welcome inspections and audits by existing and future customers. Additionally, we conduct our own internal audits of our facilities. All this is performed to ensure that our quality and compliance programs remain at the top of our industry.

 

Ethics, honesty, and integrity are part of our core values and business philosophy. A respect for safety, our customers, regulations, and the environment is fundamental to our company. With over 300 years of combined leadership experience, our executive leadership team has a very strong track record of success, and a solid foundation of industry knowledge, expertise and familiarity with the kind of leadership that creates value for our customers, employees, shareholders, and other stakeholders.

Where are the Company’s main operations?

Our headquarters are located in Tulsa, Oklahoma. Our salt-water disposal properties are located in North Dakota and Texas. We provide pipeline inspection services throughout the United States and Canada.

Where does management come from?

To visit our Executive Officers page click here.

Cypress Water
OUR MISSION

We strive to be the premier water & environmental solutions company in the markets we serve by building strong relationships with our customers, partners, employees, and suppliers.

Cypress Tanks
OUR LOCATIONS

We offer an array of services and solutions in a safe, efficient, regulatory compliant and cost effective manner to our customers. Environmental, water, disposal, recycling, and related services.

Cypress recycle
ETHICAL PRACTICES

Ethics, honesty, and integrity are part of our core values and business philosophy. A respect for safety, our customers, regulations, and the environment is fundamental to our Company.