CCLP News

CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) and the Partnership's wholly owned subsidiary, CSI Compressco Finance Inc. ("Finance Corp" and, together with the Partnership, the "Issuers") today announced that they have extended the Expiration Time for their previously announced offer to exchange (the "Exchange Offer") any and all of their outstanding 7.250% Senior Unsecured Notes due 2022 (CUSIP No. 20467BAB5) (the "Unsecured Notes") for newly issued 7.500% Senior Secured First Lien Notes due 2025 (the "New First Lien Notes") and 7.250% Senior Secured Second Lien Notes due 2027 (the "New Second Lien Notes" and, together with the New First Lien Notes, the "New Notes"), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated April 17, 2020, as amended by Supplement No. 1, dated May 1, 2020, Supplement No. 2, dated May 15, 2020, Supplement No. 3, dated May 18, 2020, Supplement No. 4, dated May 20, 2020, Supplement No. 5, dated May 21, 2020, Supplement No. 6, dated May 22, 2020, and Supplement No. 7, dated May 26, 2020 (the "Offering Memorandum").

Q1 2020 CSI Compressco LP Earnings Call

Moody's Investors Service (Moody's) downgraded CSI Compressco LP's (Compressco) Corporate Family Rating (CFR) to Caa1 from B3 and its Probability of Default Rating (PDR) Ca-PD from B3-PD. Moody's also downgraded Compressco's senior secured first lien notes rating to B3 from B1, and its senior unsecured notes rating to Caa3 from Caa2. Upon successful completion of the exchange, an "--/LD" (limited default) signifier will be appended to Compressco's PDR for a period of three days to acknowledge the default.

CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended December 31, 2019 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on February 14, 2020 to all common unitholders of record as of the close of business on February 1, 2020.

TETRA Technologies, Inc. ("TETRA") (NYSE: TTI) today announced its 2020 Annual Meeting of Stockholders will be held at 11:00 a.m. Central Time on Thursday, May 7, 2020, at its Corporate Headquarters located at 24955 Interstate 45 North in The Woodlands, Texas. The record date for the meeting will be March 6, 2020.

Q3 2019 CSI Compressco LP Earnings Call

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of CSI Compressco LP and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.

THE WOODLANDS, Texas , Nov. 6, 2019 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced third quarter 2019 revenue of $114 million and a net loss of $3.6 million .  ...

TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) announced today that it will release first quarter 2020 results before the opening of the market on Tuesday, May 5, 2020. Following the release, TETRA will host a conference call at 9:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call.

THE WOODLANDS, Texas , Nov. 7, 2019 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA") (NYSE:TTI) announced consolidated third quarter net loss before discontinued operations of $9.1 million ...

Q4 2019 CSI Compressco LP Earnings Call

TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today that it will release fourth quarter and full year 2019 results before the opening of the market on Thursday, February 27, 2020. Following the release, TETRA will host a conference call at 10:30 a.m. Eastern Time to discuss the results. Brady M. Murphy, President and CEO, and Elijio V. Serrano, Senior Vice President and CFO, will host the call.

CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) and the Partnership's wholly owned subsidiary, CSI Compressco Finance Inc. ("Finance Corp" and, together with the Partnership, the "Issuers") today announced that they have commenced an offer to certain Eligible Holders (as defined below) described below to exchange any and all of their outstanding 7.250% Senior Unsecured Notes due 2022 (the "Unsecured Notes") for newly issued 7.500% Senior Secured First Lien Notes due 2025 (the "New First Lien Notes") and 7.250% Senior Secured Second Lien Notes due 2027 (the "New Second Lien Notes" and, together with the New First Lien Notes, the "New Notes"), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated April 17, 2020 (the "Exchange Offer").

Compressors are essential infrastructure that enable the transport of natural gas through pipelines.

CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended March 31, 2020 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on May 15, 2020 to all common unitholders of record as of the close of business on May 1, 2020.

CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) announced today strong fourth quarter and full year 2019 consolidated financial results.

CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) announced today that, in light of the current, significant macroeconomic uncertainty resulting from the recent decline in oil prices and the ongoing COVID-19 pandemic, it is withdrawing its previously issued financial guidance for full year 2020, which should no longer be relied upon. The Partnership is also providing preliminary first quarter 2020 financial results. Additionally, the Partnership outlines below a series of actions that it has taken to date as well as others it is in the process of implementing to address the ongoing downturn in the industry.

CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) and the Partnership's wholly owned subsidiary, CSI Compressco Finance Inc. ("Finance Corp" and, together with the Partnership, the "Issuers") today announced that they have extended the Early Tender Time for their previously announced offer to exchange (the "Exchange Offer") any and all of their outstanding 7.250% Senior Unsecured Notes due 2022 (CUSIP No. 20467BAB5) (the "Unsecured Notes") for newly issued 7.500% Senior Secured First Lien Notes due 2025 (the "New First Lien Notes") and 7.250% Senior Secured Second Lien Notes due 2027 (the "New Second Lien Notes" and, together with the New First Lien Notes, the "New Notes"), upon the terms and conditions set forth in the Confidential Offering Memorandum and Consent Solicitation Statement dated April 17, 2020 (the "Offering Memorandum").

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TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE:TTI) today announced that on March 26, 2020, it received formal notice from the New York Stock Exchange ("NYSE") that the average closing price of the Company's shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE under Rule 802.01C of the NYSE Listed Company Manual.