Exhibit 99.1

Cypress Energy Partners, L.P. Announces Second Quarter Results and Filing of Form 10-Q

TULSA, Oklahoma.—(BUSINESS WIRE)—August 14, 2014

Cypress Energy Partners, L.P. (NYSE:CELP) today reported:

Adjusted EBITDA – Increased 14% over Q1

Net Income – Increased 40% over Q1

Coverage Ratio – Increased 21% over Q1 to 1.09X

Cash Distribution – Increased 2.4% over MQD

Peter C. Boylan III, CELP’s chairman, president and chief executive officer stated, “We are pleased with our continued performance in our two operating segments and the 14% quarter over quarter Adjusted EBITDA growth. CELP delivered improved second quarter results bolstered by higher Water & Environmental Services segment volumes coupled with lower operating costs, offset somewhat by lower inspector headcounts in our Pipeline Inspections and Integrity Services segment as the anticipated annual project transitions slid from the first to the second quarter.”

Mr. Boylan continued, “We are also pleased with our sequential volume and revenue growth that has continued in July. We have secured several new inspection clients during the quarter that should represent some promising new growth prospects in future periods. We also continued to make progress strengthening our TIR business development team with several new hires that will enable us to continue to pursue additional organic growth opportunities.”

In conclusion, Mr. Boylan commented, “We ended the second quarter with some solid momentum and we announced our first increase in distributions per unit consistent with our long term stated objective of thoughtfully growing cash flow distributions per unit. We continue to evaluate a number of interesting acquisition opportunities including but not limited to the remaining 49.9% of TIR not currently owned by CELP. We continue to operate with a strong balance sheet and credit facility to support our growth. Underlying market dynamics are solid and overall demand for our services remains strong.”

Second Quarter:

Year To Date:

Highlights include:

Looking forward:

CELP also announced that it has filed its quarterly report on Form 10-Q for its fiscal quarter ended June 30, 2014 with the Securities and Exchange Commission. CELP has posted a copy of the Form 10-Q on its website at www.cypressenergy.com.

CELP will host an earnings call on Thursday, August 14, 2014, at 5:00pm EST (4:00pm CST) to discuss its second quarter 2014 financial results. Analysts, investors, and other interested parties may access the conference call by dialing Toll-Free (US & Canada): (888) 428-7458 or International Dial-In (Toll): (862) 255-5400. An archived audio replay of the call will be available on the investor section of our website at www.cypressenergy.com beginning at 5:00pm EST (4:00pm CST) on August 15, 2014.

CELP defines Adjusted EBITDA as net income, plus interest expense, depreciation and amortization expenses, income tax expenses and offering costs; less gain on reversal of contingent consideration. CELP defines Distributable Cash Flow as Adjusted EBITDA excluding cash interest paid, cash income taxes paid and maintenance capital expenditures. Adjusted EBITDA and Distributable Cash Flow should not be considered an alternative to net income, income before income taxes, cash flows from operating activities, or any other measure of financial performance calculated in accordance with GAAP as those items are used to measure operating performance, liquidity or the ability to service debt obligations. CELP believes that the presentation of Adjusted EBITDA will provide useful information to investors in assessing our financial condition and results of operations. CELP uses Distributable Cash Flow as a supplemental financial measure to assess the cash flows generated by our assets (prior to the establishment of any retained cash reserves by the general partner) to fund the cash distributions we expect to pay to unitholders, to evaluate our success in providing a cash return on investment and whether or not the Partnership is generating cash flow at a level that can sustain or support an increase in its quarterly distribution rates and to determine the yield of our units, which is a quantitative standard used through the investment community with respect to publicly-traded partnerships as the value of a unit is generally determined by a unit’s yield (which in turn is based on the amount of cash distributions the entity pays to a unitholder). Because adjusted EBITDA and distributable cash flow may be defined differently by other companies in our industry our definitions of Adjusted EBITDA and Distributable Cash Flow may not be comparable to a similarly titled measure of other companies, thereby diminishing their utility. A reconciliation of Adjusted EBITDA and Distributable Cash Flow to net income is shown below.

This press release includes “forward-looking statements.” All statements other than statements of historical facts included or incorporated herein may constitute forward-looking statements. Actual results could vary significantly from those expressed or implied in such statements and are subject to a number of risks and uncertainties. While CELP believes its expectations as reflected in the forward-looking statements are reasonable, CELP can give no assurance that such expectations will prove to be correct. The forward-looking statements involve risks and uncertainties that affect operations, financial performance, and other factors as discussed in filings with the Securities and Exchange Commission. Other factors that could impact any forward-looking statements are those risks described in CELP’s Annual Report filed on Form 10-K and other public filings. You are urged to carefully review and consider the cautionary statements and other disclosures made in those filings, specifically those under the heading “Risk Factors.” CELP undertakes no obligation to publicly update or revise any forward-looking statements except as required by law.

About Cypress Energy Partners, L.P.

Cypress Energy Partners, L.P. is a growth-oriented master limited partnership that provides saltwater disposal and other water and environmental services to U.S. onshore oil and natural gas producers and trucking companies in North Dakota and west Texas. Cypress also provides independent pipeline inspection and integrity services to producers and pipeline companies throughout the U.S. and Canada. In both of these business segments, Cypress works closely with its customers to help them comply with increasingly complex and strict environmental and safety rules and regulations and reduce their operating costs. Cypress was founded by Cypress Energy Holdings, LLC, an entity controlled by the family of Charles C. Stephenson, Jr. and by Peter C. Boylan III, the Chairman, President and CEO of Cypress. Cypress is headquartered in Tulsa, Oklahoma.

CYPRESS ENERGY PARTNERS, L.P.

Unaudited Condensed Consolidated Balance Sheets

As of June 30, 2014 and December 31, 2013

(in thousands, except unit data)

CYPRESS ENERGY PARTNERS, L.P.

Unaudited Condensed Consolidated Statements of Income

For the Three and Six Months Ended June 30, 2014 and June 30, 2013

(in thousands, except unit and per unit data)

Reconciliation of Net Income to Adjusted EBITDA

Reconciliation of Net Income attributable to partners to Adjusted EBITDA and Distributable Cash Flow Attributable to Partners

Operating Data (1)