Tulsa’s Cypress Energy Partners, L.P. declared a cash distribution for the first quarter of 2019.
The company’s board of directors declared the cash distribution of 21 cents per limited partner common unit. It will be payable on May 15, 2019 to all unitholders of record on May 8, 2019.
The distribution is a 4-cent improvement over the 21 cent distribution announced in March for the fourth quarter of 2018. The 21-cent distribution was reported to be consistent with the previous seven quarters for Cypress Energy. It was announced as the company reported a 28 percent improvement in revenues over the fourth quarter of 2017. The Fourth quarter revenues totaled $88.9 million.