CSI Compressco LP (CCLP) Posts Q4 Loss of $0.36/Share

CSI Compressco LP (NASDAQ: CCLP) reported Q4 EPS of ($0.36), which may not compare to the analyst estimate of ($0.11). Revenue for the quarter came in at $82.9 million versus the consensus estimate of $71.75 million.

• Fourth quarter net loss of $12.1 million, including $2.1 million favorable non-cash fair market adjustment to the Series A Preferred equity
• Fourth quarter Adjusted EBITDA(1) of $21.7 million, including $2.6 million in unusual costs related to equipment sales, and a $0.7 million charge to field inventory
• Fourth quarter net cash provided from operating activities of $15.9 million
• Fourth quarter free cash flow(1) of $12.9 million
• Fourth quarter cash distribution of $0.3775 per common unit, unchanged from prior quarter
• Fourth quarter and full year 2016 distribution coverage ratios(1) of 0.68x and 0.99x, respectively
• Fourth quarter Equipment Sales orders received totaling $20.3 million
• Compression fleet utilization increased by 1.2% in fourth quarter compared to prior quarter
• Continued management of SGA expenditures
• Multiple office locations consolidated into primary business office in The Woodlands, TX

For earnings history and earnings-related data on CSI Compressco LP (CCLP) click here.

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