2Q distribution announced by Cypress Energy

Tulsa’s Cypress Energy Partners, L.P. announced a second quarter cash distribution of 21 cents a common unit.

The board of directors declared the distribution which was the same as the first quarter of 2019. The second quarter distribution will be payable Aug. 14, to unitholders of record on Aug. 7, 2019.

Cypress  had first quarter revenue of $90.4 million which was a 39% increase over a year earlier. The company’s net income totaled $1.4 million, up 44%.