Cypress Environmental Down 39%, Addressing Credit Agreement

Dow Jones

Apr 19, 2022

By Josh Beckerman

Cypress Environmental Partners LP units were recently down 39% to 91 cents after the company reported a "going concern" warning Friday as it continues to address a credit agreement that matures May 31.

Cypress said the company and its lenders may pursue options including "a court-supervised restructuring."

Cypress, which provides environmental services to the energy and municipal water industries, said April 1 that a court-supervised restructuring was one of several potential options.

On Friday, Cypress reported a wider fourth-quarter net loss as revenue fell to $27.8 million from $33.8 million.

Write to Josh Beckerman at josh.beckerman@wsj.com

$(END)$ Dow Jones Newswires

April 18, 2022 13:20 ET (17:20 GMT)

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Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4179","symbol_name":"石油天然气设备与服务","start_time":0,"source_url":"http://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2228951355","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2228951355","pubTimestamp":1650302400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"By Josh Beckerman \n\n\n \n\n\n  Cypress Environmental Partners LP units were recently down 39% to 91 cent","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4179":"石油天然气设备与服务"},"translate_title":"赛普拉斯环境下降39%，达成信贷协议","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CELP":0.9,"END":1},"content_text":"By Josh Beckerman \n\n\n \n\n\n  Cypress Environmental Partners LP units were recently down 39% to 91 cents after the company reported a \"going concern\" warning Friday as it continues to address a credit agreement that matures May 31. \n\n\n  Cypress said the company and its lenders may pursue options including \"a court-supervised restructuring.\" \n\n\n  Cypress, which provides environmental services to the energy and municipal water industries, said April 1 that a court-supervised restructuring was one of several potential options. \n\n\n  On Friday, Cypress reported a wider fourth-quarter net loss as revenue fell to $27.8 million from $33.8 million. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n$(END)$ Dow Jones Newswires\n\n\n  April 18, 2022 13:20 ET (17:20 GMT)\n\n\n  Copyright (c) 2022 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}