CSI Compressco

CSI Compressco LP engages in the provision of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. It operates through the following geographical segments: United States, Latin America, Canada, and Other. The firm offers compression services, digitally enhanced compression, and parts and services. The company was founded on October 2008 and is headquartered in The Woodlands, TX.

Earnings data Q2 2020

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Earnings data Q1 2024

CSI Compressco reports robust Q4 earnings, eyes growth opportunities

CSI Compressco LP delivered strong financial results in Q4 2022, with notable increases in Adjusted EBITDA and AMS business revenue.
While facing challenges such as operational concerns and market dynamics, the company's focus on reducing leverage and enhancing financial flexibility bodes well for future stability.
Optimism for 2023, coupled with opportunities to capitalize on revenue growth and strategic initiatives, positions CSI Compressco LP for continued success and growth.

CSI Compressco reports robust Q1 earnings amidst market growth opportunities

CSI Compressco's Q1 2023 performance reflects strong revenue growth and operational efficiency, supported by a disciplined approach to capital management.
While facing challenges such as inflation and leverage reduction, the company remains focused on seizing growth opportunities in a favorable market environment.
By maintaining fleet growth targets and enhancing cost management, CSI Compressco aims to drive long-term value creation and financial performance.

CSI Compressco reports robust Q2 earnings amidst market opportunities

CSI Compressco's Q2 2023 performance reflects strong financial results, operational efficiency, and strategic focus on profitability and debt reduction.
The company's strengths in market positioning, financial resilience, and operational excellence provide a solid foundation for future growth and value creation.
While facing challenges in managing costs and leverage, CSI Compressco has opportunities to drive revenue growth, enhance competitiveness, and deliver sustainable shareholder value.

CSI Compressco reports strong Q3 earnings, eyes growth opportunities

CSI Compressco's Q3 performance reflects strong financial results and operational improvements driving EBITDA growth.
The company is strategically balancing growth between existing and new customers while focusing on reducing leverage and building liquidity.
Challenges include tight backlog for compressor units and the need to carefully manage capital allocation for sustained growth.
Opportunities lie in anticipated strong demand for 2025, refinancing discussions, and a focus on financial stability and flexibility.

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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.

CSI Compressco LP 2023 Tax Packages Now Available

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.

CSI COMPRESSCO LP ANNOUNCES FOURTH QUARTER 2023 RESULTS; PROVIDES 2024 GUIDANCE

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.

CSI Compressco LP Announces Fourth Quarter 2023 Earnings News Release Date

Kodiak Gas Services Inc

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").

Kodiak Gas Services, Inc. Announces Receipt of Consents to the Merger Agreement from Supporting Unitholders

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.

CSI Compressco LP Announces Quarterly Distribution

MILWAUKEE , Dec. 19, 2023 /PRNewswire/ -- Ademi LLP is investigating CSI Compressco (NASDAQ: CCLP) for possible breaches of fiduciary duty and other violations of law in its transaction with Kodiak Gas. Click here to learn how to join the https://www.ademilaw.com/case/csi-compressco-lp or call Guri Ademi toll-free at 866-264-3995.

Shareholder Alert: Ademi LLP investigates whether CSI Compressco LP has obtained a Fair Price in its transaction with Kodiak Gas

All-equity acquisition to create the industry's largest contract compression fleet of 4.3 million revenue-generating horsepower Deepens Kodiak's position in key operating areas, including over 2.8 million horsepower in the Permian Basin Expected annual run-rate cost synergies of at least $20 million 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 Kodiak shareholders will realize immediate accretion to Discretionary Cash Flow and Free Cash Flow per share upon closing Transaction benefits to CSI Compressco unitholders include a significantly increased dividend, greater stock trading liquidity and significant opportunities for long-term value appreciation Kodiak to host a conference call on December 19, 2023 at 9:00 a.m. ET / 8:00 a.m.

Kodiak Gas Services, Inc. to Acquire CSI Compressco LP in an $854 Million All-Equity Transaction

CSI Compressco LP reported a 5.1% YoY revenue growth and increased fleet utilization in its Q3 2023 financial results. The company provides natural gas compression and processing services and targets customers in the energy supply chain. The global market for natural gas processing is expected to reach nearly $302 billion by 2030, driving the growth of CSI Compressco.

CSI Compressco Balances Growth With Cash Flow As Refinancing Awaits

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.

CSI Compressco to Present at the Bank of America Leveraged Finance Conference

CSI Compressco LP (CCLP) Q3 2023 Earnings Call Transcript

THE WOODLANDS, Texas , Nov. 2, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI," or the "Partnership") (NASDAQ: CCLP) today announced third quarter 2023 results. Third Quarter 2023 Results: Total revenues were $99.7 million compared to $94.9 million in the third quarter 2022.

CSI COMPRESSCO LP ANNOUNCES THIRD QUARTER 2023 RESULTS; ACHIEVES 14% YEAR-ON-YEAR QUARTERLY ADJUSTED EBITDA GROWTH; CONTINUES LEVERAGE REDUCTION

THE WOODLANDS, Texas , Oct. 19, 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 September 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 November 14, 2023 to all common unitholders of record as of the close of business on October 30, 2023.

CSI Compressco LP Announces Quarterly Distribution and Schedule for Third Quarter 2023 Earnings Release Conference Call and Webcast

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 to Present at the LD Micro Main Event XVI

CSI Compressco LP (NASDAQ:CCLP ) Q2 2023 Earnings Conference Call August 7, 2023 10:30 AM ET Company Participants John Jackson - Chief Executive Officer Jon Byers - Chief Financial Officer Rob Price - Chief Operating Officer Conference Call Participants Jeff Grampp - Alliance Selman Akyol - Stifel Brian DiRubbio - Baird Jay Spencer - Stifel Operator Good morning and welcome to CSI Compressco LP's Second Quarter 2023 Earnings Conference Call. The speakers for today's call are John Jackson, Chief Executive Officer of CSI Compressco LP; and Jon Byers, Chief Financial Officer of CSI Compressco LP.

CSI Compressco LP (CCLP) Q2 2023 Earnings Call Transcript

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.

CSI COMPRESSCO LP ANNOUNCES SECOND QUARTER 2023 RESULTS; ACHIEVES 23% YEAR-ON-YEAR QUARTERLY ADJUSTED EBITDA GROWTH; CONTINUES LEVERAGE REDUCTION

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.

CSI Compressco LP Announces Appointment of New Director

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 LP Announces Quarterly Distribution and Schedule for Second Quarter 2023 Earnings Release Conference Call and Webcast

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THE WOODLANDS, Texas , July 11, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) today announced that the Partnership's 2022 Schedule K-3 investor tax packages reflecting items of international tax relevance 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.

CSI Compressco LP Announces 2022 Schedule K-3 Investor Tax Packages Are Available Online

THE WOODLANDS, Texas , June 2, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that it will be presenting at the 13th Annual LD Micro Invitational Conference and the Bank of America Securities Energy Credit Conference. CSI's latest presentation materials are available on CSI's website at https://csicompressco.com under "News and Events; Presentations" on the Investor Relations tab.

CSI Compressco to Present at the LD Micro Invitational XIII Conference and the Bank of America Securities Energy Credit Conference

CSI Compressco LP (NASDAQ:CCLP ) Q1 2023 Earnings Conference Call May 4, 2023 10:30 AM ET Company Participants Jon Byers - Chief Financial Officer John Jackson - Chief Executive Officer Conference Call Participants Selman Akyol - Stifel Brian DiRubbio - Baird Operator Good morning and welcome to CSI Compressco LP's First Quarter 2023 Earnings Conference Call. The speakers for today's call are John Jackson, Chief Executive Officer of CSI Compressco LP; and Jon Byers, Chief Financial Officer of CSI Compressco LP.

CSI Compressco LP (CCLP) Q1 2023 Earnings Call Transcript

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.

CSI COMPRESSCO LP ANNOUNCES FIRST QUARTER 2023 RESULTS; ACHIEVES 14% YEAR-ON-YEAR QUARTERLY ADJUSTED EBITDA GROWTH; CONTINUES LEVERAGE REDUCTION

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 LP Announces Quarterly Distribution and Schedule for First Quarter 2023 Earning Release Conference Call and Webcast

THE WOODLANDS, Texas , March 13, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) today announced that the Partnership's 2022 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.

CSI Compressco LP 2022 Tax Packages Now Available

CSI Compressco LP (NASDAQ:CCLP ) Q4 2022 Results Conference Call March 10, 2023 10:30 AM ET Company Participants John Jackson - Chief Executive Officer Jon Byers - Chief Financial Officer Ravi Kuske - Vice President of Operations Conference Call Participants Brian DiRubbio - Baird Selman Akyol - Stifel Jason Stoltz - Millennium Operator Good morning, and welcome to CSI Compressco LP's Fourth Quarter and Year-End 2022 Earnings Conference Call. The speakers for today's call are John Jackson, Chief Executive Officer of CSI Compressco LP; and Jon Byers, Chief Financial Officer, CSI Compressco LP.

News for CSI Compressco Stock (CCLP)