CSI Compressco LP Announces Fourth Quarter And Total Year 2020 Results

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Go back to CSI Compressco LP Announces Fourth Quarter And Total Year 2020 Results

CSI Compressco LP (CCLP) Misses Q4 EPS by 18c, Revenues Miss

February 24, 2021 7:13 AM EST

CSI Compressco LP (NASDAQ: CCLP) reported Q4 EPS of ($0.49), $0.18 worse than the analyst estimate of ($0.31). Revenue for the quarter came in at $71.1 million versus the consensus estimate of $72.88 million.

Fourth Quarter 2020 Summary:

Total revenues for the 4th quarter were $71.1 million, compared to $72.3 million in the 3rd quarter 2020.Net loss was $23.0 million, including $7.5 million in non-recurring charges compared to a net loss of $12.6 million in the 3rd quarter 2020.Adjusted EBITDA was $26.2 million compared to $27.8 million in the 3rd quarter 2020. 4th quarter Adjusted EBITDA included a $5.9 million benefit... More