CSI Compressco LP Announces Second Quarter 2020 Results

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Go back to CSI Compressco LP Announces Second Quarter 2020 Results

CSI Compressco LP (CCLP) Misses Q2 EPS by 26c, Revenues Beat

August 3, 2020 7:06 AM EDT

CSI Compressco LP (NASDAQ: CCLP) reported Q2 EPS of ($0.51), $0.26 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $96.41 million versus the consensus estimate of $92.92 million.

Brady Murphy, President of CSI Compressco commented, "Our second quarter results reflect the exceptional job by our management team and employees of managing costs, maintaining strong Adjusted EBITDA margins and generating positive cash flow in one of the most challenging quarters our industry has ever experienced due to the COVID-19 pandemic. With steep declines in spending by the oil and gas operators,... More