CSI Compressco LP (CCLP) Misses Q4 EPS Views

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CSI Compressco LP Announces Fourth Quarter And Full Year 2015 Results

February 25, 2016 7:30 AM EST

MIDLAND, Texas, Feb. 25, 2015 /PRNewswire/ -- CSI Compressco LP (CSI Compressco or the Partnership) (NASDAQ: CCLP) today announced fourth quarter and total year 2015 consolidated results. Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) for the fourth quarter of 2015 were $29 million, with a net loss of $151 million inclusive of $151 million of non-cash charges for goodwill impairment and asset impairment. This compares to Adjusted EBITDA and net income of $35 million and $4 million, respectively, during the fourth quarter of 2014. Distributable cash flow for the quarter ended December 31, 2015 was $19.4 million (Adjusted EBITDA and... More