Cypress Environmental Partners, L.P.: management transactions · United States · SEC (Form 4)

About Cypress Environmental Partners, L.P.

Cypress Environmental Partners, L.P. is a U.S.-based environmental services company historically listed on the NYSE (United States). The partnership was formed in September 2013 as a Delaware limited partnership and began trading its common units on the New York Stock Exchange in January 2014. In March 2020, it changed its name from Cypress Energy Partners to Cypress Environmental Partners to better reflect a business model centered on environmental and infrastructure services. The company is headquartered in Tulsa, Oklahoma. ([annualreports.com](https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_CELP_2021.pdf)) Cypress operates through two core segments. Its Inspection Services business provides inspection, integrity, and field-support services for pipelines and related energy infrastructure, including nondestructive examination (NDE), in-line inspection support, pig tracking, data gathering, and supervision of third-party contractors. Its Water and Environmental Services segment offers water treatment, hydrocarbon recovery, disposal, and related environmental solutions, including disposal into EPA Class II injection wells. Together, these activities position Cypress as a specialized service provider focused on safety, compliance, asset integrity, and environmental protection rather than commodity production. ([annualreports.com](https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_CELP_2021.pdf)) From a competitive standpoint, Cypress has historically competed in niche markets where operational reliability, customer approvals, regulatory compliance, and proximity to customer assets matter more than scale alone. The company serves pipeline and energy infrastructure owners and operators, public utilities, and upstream and midstream energy companies, with operations primarily in the United States and a notable footprint in energy-producing regions such as North Dakota. This geographic concentration makes the company sensitive to activity levels in U.S. energy infrastructure and environmental compliance spending. ([annualreports.com](https://www.annualreports.com/HostedData/AnnualReports/PDF/NYSE_CELP_2021.pdf)) Recent company history has been shaped by a major restructuring event. In May 2022, Cypress entered a pre-packaged Chapter 11 process after pressure from its credit agreement, and it subsequently emerged from Chapter 11 on June 22, 2022. Argonaut Private Equity, the Tulsa-based senior secured lender, became the economic owner of the reorganized company under the plan, while the prior common units were cancelled. For investors, this means Cypress should be viewed as a restructured U.S. environmental services platform with a materially changed capital structure and a history of financial distress, even though its operating franchise remains tied to essential environmental and integrity services. ([sec.gov](https://www.sec.gov/Archives/edgar/data/1587246/000138713122005994/ex99-1.htm?utm_source=openai))