CSI Compressco LP (CCLP) Posts Narrower Q2 Loss
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CSI Compressco LP Announces Second Quarter 2016 Results
August 5, 2016 7:30 AM EDTMIDLAND, Texas, Aug. 5, 2016 /PRNewswire/ --Â CSI Compressco LP (CSI Compressco or the Partnership) (NASDAQ: CCLP) today announced second quarter 2016 consolidated results. Highlights of the second quarter 2016 results include:
Second quarter net loss of $4.7 million Second quarter Adjusted EBITDA(1) of $24.8 million Second quarter net cash provided from operating activities of $20.5 million Second quarter free cash flow(1) of $18.0 million Second quarter cash distribution of $0.3775 per unit Second quarter distribution coverage ratio(1) of 1.19x Continued reduction in SGA... More