Brief: CSI Compressco Lp Reports Q1 Loss Per Share Of $0.28

CSI Compressco LP

04/05/2020 13:28

May 4 (Reuters) - CSI Compressco LP  CCLP.O :
    * ANNOUNCES FIRST QUARTER 2020 RESULTS
    * Q1 REVENUE $90 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$93.1
MILLION
    * Q1 LOSS PER SHARE $0.28
    * Q1 EARNINGS PER SHARE ESTIMATE $-0.18 -- REFINITIV IBES
DATA
    * BY END OF MAY 2020, EXPECT UP TO 20% OF DOMESTIC
HORSEPOWER TO
BE IMPACTED BY CUSTOMERS SHUTTING-IN PRODUCTION
    * EXPECT AMOUNT OF HORSEPOWER TO BE PUT ON STANDBY BY END OF
MAY
TO BE ABOVE 10% OF DOMESTIC FLEET
    * EXPECT UTILIZATION TO QUICKLY APPROACH LOW POINT OF
2014-2016
DOWNTURN OF 75.2%
    * DURING QUARTER ADDED 22,160 ADDITIONAL HORSEPOWER TO
SERVICE
FLEET TO FULFILL PRIOR CUSTOMER COMMITMENTS
    * AT THIS TIME DO NOT ANTICIPATE ANY SECOND HALF GROWTH
CAPITAL
EXPENDITURES

Source text for Eikon:  ID:nPn53dP15a 
Further company coverage:  CCLP.O 

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