CSI Compressco LP Announces First Quarter 2021 Results

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Go back to CSI Compressco LP Announces First Quarter 2021 Results

CSI Compressco LP (CCLP) Reports In-Line Q1 EPS, Revenues Miss

April 30, 2021 7:11 AM EDT

CSI Compressco LP (NASDAQ: CCLP) reported Q1 EPS of ($0.30), in-line with the analyst estimate of ($0.30). Revenue for the quarter came in at $65.7 million versus the consensus estimate of $71.92 million.

First Quarter 2021 Summary:

Total revenues for the first quarter 2021 were $65.7 million, compared to $71.1 million in the fourth quarter 2020.Compression and related services revenue increased sequentially to $54.2 million in the first quarter 2021 compared to $52.6 million in the fourth quarter 2020.Net loss was $14.5 million, including $0.4 million in non-recurring charges compared to a net loss of $23.0 million in the fourth quarter 2020 which included $7.6 million in... More