CSI Compressco LP (CCLP) Misses Q1 EPS by 12c

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CSI Compressco LP Announces First Quarter 2015 Results

May 7, 2015 7:30 AM EDT

MIDLAND, Texas, May 7, 2015 /PRNewswire/ -- CSI Compressco LP (CSI Compressco or the Partnership) (NASDAQ: CCLP) today announced first quarter 2015 consolidated results. Adjusted earnings before interest, taxes, depreciation, and amortization (Adjusted EBITDA) for the first quarter of 2015 were $31.2 million, with net income of $1.8 million. This compares to Adjusted EBITDA and net income of $9.3 million and $4.6 million, respectively, during the prior year period. Distributable cash flow for the quarter ended March 31, 2015 was $21.4 million (Adjusted EBITDA and distributable cash flow are non-GAAP financial measures that are defined and reconciled to the nearest GAAP... More