CSI Compressco LP provides compression services for natural gas and oil production, gathering, artificial lift, transmission, processing, and storage companies in the United States, Mexico, Canada, Argentina, and internationally. The company offers GasJack and VJack electric powered low-horsepower compressor packages to provide production enhancement services for dry gas wells, liquid-loaded gas wells, and backside auto injection systems. It also provides medium-horsepower compressor packages to move natural gas from the wellhead through the field gathering system; and high-horsepower compressor packages for use in midstream applications, including natural gas gathering and centralized compression facilities. In addition, the company sells engine parts, compressor package parts, and other components manufactured by third-party suppliers, as well as provides aftermarket services, such as operations, maintenance, overhaul, and reconfiguration. Further, it offers well monitoring and sand separation, as well as early production services. CSI Compressco GP Inc. serves as the general partner of CSI Compressco LP. The company was formerly known as Compressco Partners, L.P. and changed its name to CSI Compressco LP in December 2014. CSI Compressco LP was founded in 2008 and is headquartered in The Woodlands, Texas.
IPO Year: 2011
Exchange: NASDAQ
Website: csicompressco.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/12/2021 | $1.00 → $1.50 | Sell → Hold | Stifel |
Stifel upgraded CSI Compressco from Sell to Hold and set a new price target of $1.50 from $1.00 previously
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.
Companies Reporting Before The Bell • McEwen Mining (NYSE:MUX) is estimated to report quarterly loss at $0.28 per share on revenue of $71.72 million. • PropertyGuru Group (NYSE:PGRU) is estimated to report quarterly loss at $0.02 per share on revenue of $31.70 million. • Plug Power (NASDAQ:PLUG) is projected to report quarterly loss at $0.44 per share on revenue of $236.44 million. • CSI Compressco (NASDAQ:CCLP) is projected to report earnings for its fourth quarter. • EchoStar (NASDAQ:SATS) is likely to report quarterly loss at $0.10 per share on revenue of $3.89 billion. • Rapid Micro Biosystems (NASDAQ:RPID) is expected to report quarterly loss at $0.30 per share on revenue of $6.15
Monday marks the last chance for investors to receive the next dividend payout from CSI Compressco (NASDAQ:CCLP). What's Happening The company announced on Thursday that it would pay shareholders a quarterly dividend of 1 cents per share. On Tuesday, CSI Compressco will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 1 cents lower than it would have opened on any other day. In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own CCLP as of the end of Monday's session are eligible to receive the 1 cents dividend payo
CSI Compressco LP (NASDAQ:CCLP) disclosed its acquisition by Kodiak Gas Services, Inc (NYSE:KGS) in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt, based on the closing price of Kodiak's stock on December 18, 2023. As per the deal, CSI Compressco unitholders will receive 0.086 shares of KGS common stock for each unit they own, representing a price of about $1.65 per unit based on the closing price of KGS' stock on December 18, 2023. The transaction is expected to close in Q2 FY24, subject to certain regulatory approvals and other closing conditions. Post-deal closure, KGS shareholders will realize immediate accretion to
Kodiak Gas Services (NYSE:KGS) has announced a merger with CSI Compressco (NASDAQ:CCLP) that is expected to be completed in Q2 of 2024. Under the terms of the agreement, Kodiak Gas Services has agreed to give CSI Compressco $854.00 million in stock in exchange for CCLP stock. About The Companies Involved Kodiak Gas Services Inc is an operator of contract compression infrastructure in the United States. It manages business through two operating segments namely Compression Operations and Other Services. CSI Compressco LP is a limited partnership operating in the U.S. How A Merger Works A merger happens when a company combines operations with another company. In practice, one company will buy t
CSI Compressco unitholders will receive 0.086 shares of Kodiak common stock for each CSI Compressco common unit owned, representing a price of approximately $1.65 per unit based on the closing price of Kodiak's stock on December 18, 2023.
By the end of today, November 14, 2023, CSI Compressco (NASDAQ:CCLP) is set to deliver a dividend payout of $0.01 per share, equating to an annualized dividend yield of 3.08%. The company's dividend payout went ex-dividend on October 27, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout. CSI Compressco Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; colo
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
4 - CSI Compressco LP (0001449488) (Issuer)
SC 13D/A - CSI Compressco LP (0001449488) (Subject)
SC 13G/A - CSI Compressco LP (0001449488) (Subject)
SC 13G/A - CSI Compressco LP (0001449488) (Subject)
SC 13D/A - CSI Compressco LP (0001449488) (Subject)
SC 13D/A - CSI Compressco LP (0001449488) (Subject)
SC 13D - CSI Compressco LP (0001449488) (Subject)
SC 13G/A - CSI Compressco LP (0001449488) (Subject)
SC 13G/A - CSI Compressco LP (0001449488) (Subject)
SC 13G/A - CSI Compressco LP (0001449488) (Subject)
SC 13G/A - CSI Compressco LP (0001449488) (Subject)
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
MONTGOMERY, Texas and THE WOODLANDS, Texas, Feb. 21, 2024 /PRNewswire/ -- Kodiak Gas Services, Inc. ("Kodiak" or the "Company") (NYSE:KGS) and CSI Compressco LP (the "Partnership") (NASDAQ:CCLP) today announced that, following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4/A (Registration No. 333-276508) on February 20, 2024, certain of the Partnership's unitholders have delivered written consents approving the Agreement and Plan of Merger, dated December 19, 2023 by and between Kodiak, the Partnership, CSI Compressco GP LLC (the "General Partner") and certain of their respective affiliates (the "Merger Agreement"). These unitholders, Sparta
THE WOODLANDS, Texas, Jan. 18, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended December 31, 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on February 14, 2024 to all common unitholders of record as of the close of business on January 31, 2024. About CSI Compressco CSI Compressco is a provider of compression services and equipment
All-equity acquisition to create the industry's largest contract compression fleet of 4.3 million revenue-generating horsepowerDeepens Kodiak's position in key operating areas, including over 2.8 million horsepower in the Permian BasinExpected annual run-rate cost synergies of at least $20 millionCSI Compressco unitholders will receive 0.086 shares of Kodiak common stock for each CSI Compressco common unit owned, representing a price of approximately $1.65 per unit based on the closing price of Kodiak's stock on December 18, 2023Kodiak shareholders will realize immediate accretion to Discretionary Cash Flow and Free Cash Flow per share upon closingTransaction benefits to CSI Compressco unith
THE WOODLANDS, Texas, Nov. 17, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that it will be presenting at the Bank of America Leveraged Finance Conference. CSI Compressco's latest presentation materials are available on CSI Compressco's website at https://csicompressco.com under "News and Events; Presentations" on the Investor Relations tab. Bank of America Leveraged Finance Conference The Bank of America Leveraged Finance Conference will be hosted in Boca Raton, Florida on Monday, November 27th through Wednesday, November 29th, 2023
THE WOODLANDS, Texas, Sept. 29, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that it will be presenting at the LD Micro Main Event XVI. CSI Compressco's latest presentation materials are available on CSI Compressco's website at https://csicompressco.com under "News and Events; Presentations" on the Investor Relations tab. LD Micro Main Event XVI The LD Micro Main Event XVI will be hosted at the Luxe Sunset Boulevard Hotel in Los Angeles, California on October 3rd and 4th, 2023. The event is expected to feature around 200 companies, p
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
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
15-12G - CSI Compressco LP (0001449488) (Filer)
EFFECT - CSI Compressco LP (0001449488) (Filer)
EFFECT - CSI Compressco LP (0001449488) (Filer)
EFFECT - CSI Compressco LP (0001449488) (Filer)
EFFECT - CSI Compressco LP (0001449488) (Filer)
8-K - CSI Compressco LP (0001449488) (Filer)
25-NSE - CSI Compressco LP (0001449488) (Subject)
8-K - CSI Compressco LP (0001449488) (Filer)
DEFA14A - CSI Compressco LP (0001449488) (Filer)
DEFA14A - CSI Compressco LP (0001449488) (Filer)
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, Jan. 4, 2021 /PRNewswire/ -- TETRA Technologies, Inc. ("TETRA" or the "Company") (NYSE: TTI) today announced that as part of its ongoing strategic review, the Company is actively pursuing several options to deconsolidate CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) from TETRA's financial statements. One option to achieve this result would involve an exchange of TETRA's general partner interest and incentive distribution rights for additional CSI Compressco common units, along with other related changes (the "GP Exchange"). A GP Exchange would streamline CSI Compressco's structure consistent with multiple peer MLP simplifications completed in the sector in rec
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
THE WOODLANDS, Texas, July 17, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended June 30, 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on August 14, 2023 to all common unitholders of record as of the close of business on July 28, 2023. CSI Compressco expects to release its second quarter 2023 results before the opening of the mark
THE WOODLANDS, Texas, May 4, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI," or the "Partnership") (NASDAQ:CCLP) today announced first quarter 2023 results. First Quarter 2023 Results: Total revenues were $91.4 million compared to $80.0 million in the first quarter 2022.Contract services revenue increased to $69.6 million compared to $62.8 million in the first quarter 2022.Net loss was $2.6 million compared to a net loss of $6.6 million in the first quarter 2022.Adjusted EBITDA was $30.7 million compared to $26.9 million in the first quarter 2022.Trailing Twelve Months Adjusted
THE WOODLANDS, Texas, April 17, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended March 31, 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on May 15, 2023 to all common unitholders of record as of the close of business on April 30, 2023. CSI Compressco expects to release its first quarter 2023 results before the opening of the marke
THE WOODLANDS, Texas, March 10, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco", "CCLP" or the "Partnership") (NASDAQ:CCLP) today announced fourth quarter and total year 2022 results. Fourth Quarter 2022 Summary Total revenues for fourth quarter 2022 were $94.0 million compared to $80.2 million for fourth quarter 2021.Net loss for fourth quarter 2022 was $4.2 million compared to $17.3 million for fourth quarter 2021.Adjusted EBITDA for fourth quarter 2022 was $32.4 million compared to $26.4 million for fourth quarter 2021.Distributable cash flow for fourth quarter was
THE WOODLANDS, Texas, March 7, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that it expects to release its fourth quarter and full year 2022 results before the opening of the market on Friday, March 10, 2023. Following the release, CSI Compressco will host a conference call at 10:30 a.m. Eastern Time to discuss the results. CSI Compressco invites you to listen to the conference call by calling the toll-free number 1-866-374-8397. The conference call will also be available by live audio webcast and may be accessed through CSI Compressco's website at www.csicompressco.com. The news release will be available on CSI Compressco's website prior to the con
THE WOODLANDS, Texas, Nov. 3, 2022 /PRNewswire/ -- CSI Compressco LP ("CSI," or the "Partnership") (NASDAQ:CCLP) today announced third quarter 2022 results. Third Quarter 2022 Results: Total revenues were $94.9 million compared to $77.7 million in the third quarter 2021.Contract services revenue increased to $67.5 million compared to $59.4 million in the third quarter 2021.Net loss was $4.5 million compared to a net loss of $10.5 million in the third quarter 2021.Adjusted EBITDA was $29.8 million compared to $25.7 million in the third quarter 2021.Trailing Twelve Months Adjust
THE WOODLANDS, Texas, Oct. 21, 2022 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ:CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended September 30, 2022 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on November 14, 2022 to all common unitholders of record as of the close of business on October 31, 2022. CSI Compressco expects to release its third quarter 2022 results before the opening of