Cypress Energy Partners

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TULSA, Okla.--(BUSINESS WIRE)--Today, Cypress Environmental Partners, L.P. (NYSE: CELP) (“Cypress” or the “Company”) announced that it filed for Chapter 11 bankruptcy protection and reached a restructuring support agreement with its priority senior secured lender, an affiliate of Argonaut Private Equity (“Argonaut”), that is expected to clear approximately $58 million worth of debt. The petition was filed in the U.S. Bankruptcy Court for the Southern District of Texas, Houston division. Paul Ha

Cypress Environmental Partners Seeks Chapter 11 Protection, Signs Restructuring Deal

TULSA, Okla.--(BUSINESS WIRE)--We want to release this at 6 AM central time Monday morning. Thanks.

Cypress Environmental Partners Announces Pre-Packaged Court Restructuring and Expected Delisting of Common Units From the NYSE

TULSA, Okla.--(BUSINESS WIRE)--Today, Cypress Environmental Partners, L.P., (NYSE: CELP) (“Cypress”) reported that an affiliate of Argonaut Private Equity, which is headquartered in Tulsa, Oklahoma, has acquired 100% of Cypress's senior secured debt from the seven existing lenders. As previously reported, Cypress, with the support of its lenders, engaged Piper Sandler & Co. to solicit potential debt and equity investors to submit proposals to recapitalize Cypress in advance of the May 31, 2

Cypress Environmental Partners Reports New Lender – Argonaut Private Equity

TULSA, Okla.--(BUSINESS WIRE)--Today, Cypress Environmental Partners, L.P., (NYSE: CELP) (“Cypress”) reported its financial results for the three months and year ended December 31, 2021. FINANCING Cypress continues to work with Deutsche Bank AG, its credit facility Administrative Agent, Lead Arranger and Bookrunner, and the six other banks (“Lenders”) and their financial and legal advisors regarding the credit agreement that matures on May 31, 2022. Because the credit agreement matures within o

Cypress Environmental Partners Reports Fourth Quarter Results

TULSA, Okla.--(BUSINESS WIRE)--Today, Cypress Environmental Partners, L.P., (NYSE: CELP) (“Cypress”) reported that it has filed a Form 12b-25 with the Securities and Exchange Commission to provide notice of the late filing of its Annual Report on Form 10-K (“Form 10-K”). Cypress expects to file the Form 10-K on or before April 15, 2022. Cypress continues to work with its lenders and their financial and legal advisors regarding the credit agreement that matures on May 31, 2022. As disclosed in C

Cypress Environmental Partners Announces Delay in Filing Form 10-K

TULSA, Okla.--(BUSINESS WIRE)--Today, Cypress Environmental Partners, L.P. (NYSE: CELP) (“Cypress”) reported its financial results for the three months ended September 30, 2021. HIGHLIGHTS Revenue of $32.4 million increased 6% from second quarter 2021 Gross margin of $4.3 million increased 5% from second quarter 2021 Basic and diluted loss per unit of $(0.33), inclusive of loss from discontinued operations Adjusted EBITDA of $0.5 million Distributable cash flow (“DCF”) of $(1.2 million) Common

Cypress Environmental Partners Reports Third Quarter Results

TULSA, Okla.--(BUSINESS WIRE)-- #CELP--Today, Cypress Environmental Partners, L.P., (NYSE: CELP) (“Cypress”) reported its financial results for the three months ended June 30, 2021. HIGHLIGHTS Consolidated revenue of $31.9 million for second quarter 2021, an increase of 18% compared to first quarter 2021. Consolidated gross margin of $4.4 million for second quarter 2021, an increase of 52% compared to first quarter 2021. Net loss attributable to common unitholders of $2.9 million for the three months e

Cypress Environmental Partners Reports Second Quarter Results

TULSA, Okla.--(BUSINESS WIRE)--Today, Cypress Environmental Partners, L.P., (NYSE: CELP) (“Cypress”) reported its financial results for the three months ended March 31, 2021. HIGHLIGHTS Cypress reduced debt by $20.2 million during the first quarter of 2021. Net loss attributable to common unitholders of $3.7 million for the three months ended March 31, 2021. Adjusted EBITDA of ($0.8 million) for the three months ended March 31, 2021. Distributable cash flow (DCF) of ($3.1 million) for the three

Cypress Environmental Partners Reports First Quarter Results

TULSA, Okla.--(BUSINESS WIRE)-- #CELP--Cypress Environmental Partners, L.P.

Cypress Environmental Partners, L.P. Announces Suspension of Cash Distribution

Cypress Energy Partners, L.P. (CELP) CEO Pete Boylan on Q1 2019 Results - Earnings Call Transcript

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Cypress Energy Partners LP (CELP) CEO Pete Boylan on Q4 2018 Results - Earnings Call Transcript

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