Cypress Environmental Partners LP (N:CELP)

Sector:  Energy Industry:  Oil Related Services and Equipment
See Regulatory Filings on SEC
Company Contact
Address: 5727 S Lewis Ave Ste 500
TULSA OK 74105-7145
Tel: N/A
IR: See website
Key People
Peter C. Boylan
Chairman of the Board, President, Chief Executive Officer, Co-Founder of Cypress Energy Partners GP, LLC
Jeffrey A. Herbers
Chief Financial Officer, Vice President of Cypress Energy Partners GP, LLC
Richard M. Carson
Senior Vice President, General Counsel of Cypress Energy Partners GP, LLC
Business Overview
Cypress Environmental Partners LP, formerly Cypress Energy Partners, L.P., is a limited partnership company, which serves energy companies throughout North America. The Company provides independent pipeline inspection and integrity services to producers and pipeline companies and water and environmental services with salt water disposal (SWD) facilities to the United States onshore oil and natural gas producers and trucking companies. It operates through three segments: Pipeline Inspection Services , which provides independent inspection services to various energy, public utility and pipeline companies in the United States; Pipeline & Process Services, which provides hydrostatic testing services to natural gas and petroleum companies and pipeline construction companies of newly constructed and existing natural gas and petroleum pipelines, and Water and Environmental Services, which provides SWD services to oil and natural gas producers and trucking companies.
Financial Overview
For the three months ended 31 March 2020, Cypress Environmental Partners LP revenues decreased 24% to $68.5M. Net loss applicable to common stockholders totaled $1.8M vs. income of $567K. Revenues reflect Pipeline Inspection segment decrease of 26% to $63.9M, Water Services segment decrease of 23% to $1.7M. Net loss reflects Pipeline Inspection segment income decrease of 60% to $1.3M, Water Services segment income decrease of 83% to $40K.
Employees: 41 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $130.10M as of Mar 31, 2020
Annual revenue (TTM): $379.76M as of Mar 31, 2020
EBITDA (TTM): $27.41M as of Mar 31, 2020
Net annual income (TTM): $9.49M as of Mar 31, 2020
Free cash flow (TTM): $17.88M as of Mar 31, 2020
Net Debt Last Fiscal Year: $60.40M as of Mar 31, 2020
Shares outstanding: 12,209,281 as of Apr 4, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization