CSI Compressco LP (CCLP) Misses Q4 EPS by 2c, Revenue Beats

2019 Guidance

Low ($125M EBITDA)

High ($140M EBITDA)

Net income (loss)

$ (6,900)

$ 3,000

Interest expense, net

52,500

52,500

Provision for income taxes

3,000

4,000

Depreciation and amortization

72,000

76,000

Non-cash cost of compressors sold

2,500

2,200

Equity Compensation

1,900

2,300

Adjusted EBITDA

125,000

140,000

Less:

Current income tax expense

$ 3,000

$ 4,000

Maintenance capital expenditures

18,000

20,000

Interest Expense, net

52,500

52,500

Non-cash items included in interest expense

4,000

5,000

Distributable cash flow

55,500

68,500

Cash distribution attributable to period

1,800

2,000

Distribution coverage ratio

30.83x

34.25x