CSI Compressco Expects FY24 Capital Expenditures Of $52.0M-$69.0M, Adj. EBITDA Of $135M-$145M
$CCLP
Oilfield Services/Equipment
Energy
CSI Compressco Expects FY24 Capital Expenditures Of $52.0M-$69.0M, Adj. EBITDA Of $135M-$145M
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2021 | $1.00 → $1.50 | Sell → Hold | Stifel |
SC 13D/A - CSI Compressco LP (0001449488) (Subject)
SC 13G/A - CSI Compressco LP (0001449488) (Subject)
SC 13G/A - CSI Compressco LP (0001449488) (Subject)
Kodiak Gas Services, Inc. (NYSE:KGS) shares are trading lower after the company reported worse-than-expected fourth-quarter EPS results and issued FY24 guidance. Revenue of $225.98 million beat the consensus of $224.5 million. Compression Operations segment adjusted gross margin expanded 140 basis points Q/Q. Adjusted EBITDA rose to $113.9 million in the quarter from $103.2 million in the prior year quarter. The company reported an EPS loss of $(0.09), missing the EPS estimate of $0.29. Horsepower utilization ended at 99.9% in the year. As of December 31, 2023, the company had total debt outstanding of $1.8 billion. Outlook: Kodiak Gas expects FY24 adjusted EBITDA of $460 million
CSI Compressco (NASDAQ:CCLP) reported quarterly losses of $(0.02) per share. This is a 33.33 percent increase over losses of $(0.03) per share from the same period last year. The company reported $98.27 million in sales this quarter. This is a 4.58 percent increase over sales of $93.97 million the same period last year.
THE WOODLANDS, Texas, March 4, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ:CCLP) today announced that the Partnership's 2023 Schedule K-1 investor tax packages are now available online. They may be accessed through CSI Compressco's website through the Investor Relations K-1 Tax Support link or directly through the K-1 Tax Package Support website, www.taxpackagesupport.com/compressco. The Partnership plans to mail tax packages beginning this week. For additional information, regarding the Tax Package for the year ended Dec. 31, 2023, u
THE WOODLANDS, Texas, March 1, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco", "CCLP" or the "Partnership") (NASDAQ:CCLP) today announced fourth quarter and total year 2023 results. Fourth Quarter 2023 Summary Total revenues for fourth quarter 2023 were $98.3 million compared to $94.0 million for fourth quarter 2022.Net loss for fourth quarter 2023 was $3.3 million compared to $4.2 million for fourth quarter 2022.Adjusted EBITDA for fourth quarter 2023 was $34.7 million compared to $31.4 million for fourth quarter 2022.Distributable cash flow for fourth quarter was $
THE WOODLANDS, Texas, Feb. 27, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that it expects to release its fourth quarter and full year 2023 results before the opening of the market on Friday, March 1, 2024. Due to the pending merger with Kodiak Gas Services, Inc., CSI Compressco will not host a conference call or webcast to discuss its fourth quarter 2023 results. About CSI Compressco CSI Compressco is a provider of compression services and equipment for natural gas and oil production, gathering, artificial lift, transmission, proces
Stifel upgraded CSI Compressco from Sell to Hold and set a new price target of $1.50 from $1.00 previously
THE WOODLANDS, Texas, July 26, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that on July 24, 2023, Spartan Energy Holdco LLC, the sole member of CSI Compressco GP LLC (the "General Partner"), the general partner of CSI Compressco, increased the size of the Board of Directors of the General Partner (the "Board") from eight members to nine members and appointed Joseph Patrick McElroy to serve as a member of the Board, effective immediately. Mr. McElroy currently serves as a Managing Partner of Merced Capital, L.P. About CSI Compressco C
THE WOODLANDS, Texas, April 5, 2021 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) today announced that its Board of Directors has appointed Shawn D. Williams as a member of the Board of Directors, effective March 31, 2021. Mr. Williams will serve as an independent director. Brady Murphy, TETRA's President and Chief Executive Officer, stated, "We are very pleased to welcome Shawn to our Board. His broad and deep experience in the specialty chemicals industry and more recently minerals and mining brings a unique perspective to further strengthen our Board. His expertise will be critical in helping TETRA to further develop our strategies and core competencies
THE WOODLANDS, Texas, Jan. 7, 2021 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) announced today that Paul D. Coombs has informed the Board of Directors of his intent to retire from TETRA's board following completion of the 2021 Annual Meeting of TETRA Stockholders. The Board of Directors expressed its congratulations to Mr. Coombs for his career, and gratitude for his contributions to the success of TETRA. In connection with Mr. Coombs' retirement, the board expects to reduce its size from eight to seven members as a cost reduction measure appropriate in the current environment. Mr. Coombs joined TETRA in 1982 and held several positions of increasing res
THE WOODLANDS, Texas, March 1, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco", "CCLP" or the "Partnership") (NASDAQ:CCLP) today announced fourth quarter and total year 2023 results. Fourth Quarter 2023 Summary Total revenues for fourth quarter 2023 were $98.3 million compared to $94.0 million for fourth quarter 2022.Net loss for fourth quarter 2023 was $3.3 million compared to $4.2 million for fourth quarter 2022.Adjusted EBITDA for fourth quarter 2023 was $34.7 million compared to $31.4 million for fourth quarter 2022.Distributable cash flow for fourth quarter was $
THE WOODLANDS, Texas, Feb. 27, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that it expects to release its fourth quarter and full year 2023 results before the opening of the market on Friday, March 1, 2024. Due to the pending merger with Kodiak Gas Services, Inc., CSI Compressco will not host a conference call or webcast to discuss its fourth quarter 2023 results. About CSI Compressco CSI Compressco is a provider of compression services and equipment for natural gas and oil production, gathering, artificial lift, transmission, proces
THE WOODLANDS, Texas, Aug. 7, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI," or the "Partnership") (NASDAQ:CCLP) today announced second quarter 2023 results. Second Quarter 2023 Results: Total revenues were $96.8 million compared to $84.5 million in the second quarter 2022.Contract services revenue increased to $70.5 million compared to $64.3 million in the second quarter 2022.Net loss was $2.6 million compared to a net loss of $6.8 million in the second quarter 2022.Adjusted EBITDA was $32.5 million compared to $26.4 million in the second quarter 2022.Trailing Twelve Months
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