Brief: CSI Compressco LP Reports Q1 Results, Affirms Total Year Financial Guidance

CSI Compressco LP

08/05/2019 12:25

May 8 (Reuters) - Csi Compressco Lp  CCLP.O :
    * ANNOUNCES FIRST QUARTER 2019 RESULTS AND AFFIRMS TOTAL
YEAR
FINANCIAL GUIDANCE
    * Q1 REVENUE $103 MILLION VERSUS REFINITIV IBES ESTIMATE OF
$115.5
MILLION
    * SEES FY REVENUE $490 MILLION TO $520 MILLION
    * BACKLOG FOR NEW EQUIPMENT SALES WAS $93.9 MILLION AS OF
MARCH
31, 2019, DOWN FROM $105 MILLION AT END OF DECEMBER 2018
    * NEW ORDERS RECEIVED IN Q1 2019 WERE $11 MILLION
    * QTRLY LOSS PER SHARE $0.26
    * SEES 2019 AND ADJUSTED EBITDA TO BE BETWEEN $125 MILLION
AND
$140 MILLION
    * EXPECT 2019 CAPITAL EXPENDITURES TO TOTAL $60 MILLION TO
$65
MILLION

Source text for Eikon:  ID:nPn6hB7dva 
Further company coverage:  CCLP.O 

 (Reuters.Briefs@thomsonreuters.com)