Brief: CSI Compressco LP Announces Second Quarter Results And Updates Total Year Financial Guidance

CSI Compressco LP

07/08/2019 12:13

Aug 7 (Reuters) - Csi Compressco Lp  CCLP.O :
    * ANNOUNCES STRONG SECOND QUARTER AND UPDATES TOTAL YEAR
FINANCIAL
GUIDANCE
    * Q2 REVENUE $136 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$135.1
MILLION
    * SEES FY REVENUE $475 MILLION TO $490 MILLION
    * CSI COMPRESSCO QTRLY REVENUE INCREASES WERE PRIMARILY FROM
NEW
EQUIPMENT SALES AND STRONGER AFTERMARKET SERVICES ACTIVITY
    * EXPECT 2019 NET LOSS TO BE BETWEEN $13.3 MILLION AND $15.2
MILLION
    * EXPECT THAT OUR AVERAGE DISTRIBUTION COVERAGE RATIO FOR
2019
WILL BE BETWEEN 30X AND 32X AT END OF 2019
    * EXPECT 2019 CAPITAL EXPENDITURES TO BE BETWEEN $65 MILLION
TO
$70 MILLION

Source text for Eikon:  ID:nPnS7Mmja 
Further company coverage:  CCLP.O 

 ((Reuters.Briefs@thomsonreuters.com;))