CSI Compressco LP Announces First Quarter 2020 Results

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Go back to CSI Compressco LP Announces First Quarter 2020 Results

CSI Compressco LP (CCLP) Misses Q1 EPS by 10c, Revenues Miss

May 4, 2020 7:08 AM EDT

CSI Compressco LP (NASDAQ: CCLP) reported Q1 EPS of ($0.28), $0.10 worse than the analyst estimate of ($0.18). Revenue for the quarter came in at $90.28 million versus the consensus estimate of $93.12 million.

First Quarter 2020

Brady Murphy, President of CSI Compressco commented, "In the first quarter of 2020, our business continued to perform well despite the unprecedented deterioration in market conditions that started in the month of March. The impact of the COVID-19 pandemic and crude oil oversupply on the global energy markets has been dramatic. Our customers have reacted quickly to the downturn by significantly reducing... More