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

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CSI Compressco LP Announces Fourth Quarter And Full Year 2016 Results

February 28, 2017 7:15 AM EST

THE WOODLANDS, Texas, Feb. 28, 2017 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) today announced fourth quarter and full year 2016 consolidated financial results. Highlights include:

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... More