Cypress Energy Partners, L.P. Announces First Quarter 2019 Results
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Cypress Energy Partners (CELP) Reports Q1 EPS of $0.05, Revenues Beat
May 13, 2019 6:52 AM EDTCypress Energy Partners (NYSE: CELP) reported Q1 EPS of $0.05, versus $0.06 reported last year. Revenue for the quarter came in at $90.4 million versus the consensus estimate of $66.6 million.
Revenues - $90.4 million, up 39% over the prior year;Gross margin - $10.0 million, up 23% over the prior year;Net income - $1.4 million, up 44% over the prior year;Adjusted EBITDA attributable to limited partners - $4.5 million, up 58% over the prior year;Net debt leverage - 3.19x, down 39% from the prior year; andCash distribution of $0.21 per unit, consistent with the... More