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Compressco Partners Lp

Compressco Partners, L.P. is a master limited partnership (MLP) that is listed on the NASDAQ stock exchange under the ticker symbol “GSJK.” The company is based in Tulsa, Oklahoma and provides natural gas compression services to customers in the United States and Canada.

Compressco Partners' business involves the ownership, maintenance, and operation of a fleet of natural gas compressor units that are used to gather, process, and transport natural gas. The company's customers are primarily operators of oil and natural gas wells, as well as midstream companies that gather, process, and transport natural gas.

Compressco Partners was formed in 2005 as a spin-off from TETRA Technologies, Inc. and currently operates as a separate, publicly traded entity. The company's general partner is Compressco Partners GP LLC, which is owned by TETRA Technologies, Inc.

As a master limited partnership, Compressco Partners is required to distribute a significant portion of its cash flow to its unitholders in the form of quarterly distributions. These distributions are treated as a return of capital to the unitholders and are not subject to federal income tax until the unitholder sells their units.

In terms of financial performance, Compressco Partners reported revenues of $173.1 million and net income of $12.8 million for the year ended December 31, 2021. As of December 31, 2021, the company had total assets of $538.3 million and total liabilities of $373.5 million, resulting in shareholders' equity of $164.8 million.

It's important to note that investing in the stock market always carries risk, and Compressco Partners is no exception. Before making any investment decisions, investors should carefully consider the company's financial performance, industry conditions, and overall market conditions. It's also recommended to consult with a financial advisor or investment professional before making any investment decisions.