Ft Lauderdale, Florida 2/2/2010 7:00:00 AM
News / Business

Exterran Partners LP (NASDAQ:EXLP) Declares Cash Distribution

Exterran Partners LP (NASDAQ:EXLP) has declared a cash distribution of $0.4625 per limited partner unit.  The distribution on an annualized basis is $1.85 per limited partner unit.  The distribution is payable to unitholders of record as of February 9, 2010.  It will be paid on February 12, 2010.  The distribution level for this quarter has remained the same as the third and fourth quarter of 2009 and 2008, respectively.  2009 fourth quarter distributions cover the period of October 1, 2009 to December 31, 2009.

 

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Exterran Partners, L.P., formerly known as Universal Compression Partners, L.P., is formed to provide natural gas contract operations services to customers throughout the United States. The Company’s contract operations services include designing, sourcing, owning, installing, operating, servicing, repairing and maintaining equipment to provide compression to its customers. The Company acquired from Universal Compression Holdings contract operations customer service agreements with eight customers and a fleet of approximately 720 compressor units. With the merger of Universal Compression Partners, L.P. (Universal) and Hanover Compressor Company (Hanover), Universal and Hanover became wholly-owned subsidiaries of Exterran Holdings. In July 2008, the Company acquired from Exterran Holdings contract operations customer service agreements with 34 customers and a fleet of approximately 620 compressor units.

 

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