Brief: CSI Compressco LP reports Q3 results and provides Q4 guidance

CSI Compressco LP

07/11/2018 12:39

Nov 7 (Reuters) - Csi Compressco Lp  CCLP.O :
    * ANNOUNCES THIRD QUARTER 2018 RESULTS AND PROVIDES FOURTH
QUARTER
GUIDANCE
    * SEES Q4 REVENUE $125 MILLION TO $135 MILLION
    * Q3 REVENUE $115.3 MILLION VERSUS I/B/E/S VIEW $108.8
MILLION
    * THIRD QUARTER ADJUSTED EBITDA INCREASED TO $26.5 MILLION
FROM
$23.3 MILLION IN THE SECOND QUARTER OF 2018
    * BACKLOG FOR NEW EQUIPMENT SALES WAS $140 MILLION AS OF
SEPTEMBER
30, 2018, UP FROM $102 MILLION AT THE END OF JUNE 2018
    * QTRLY LOSS PER SHARE $0.18
    * EXPECT FOURTH QUARTER ADJUSTED EBITDA TO BE BETWEEN $29
MILLION
AND $31 MILLION
    * CSI COMPRESSCO - EXPECT Q4 REVENUE OF BETWEEN $125 MILLION
TO
$135 MILLION, INCLUSIVE OF BETWEEN $45 MILLION AND $50 MILLION
OF NEW EQUIPMENT SALES

Source text for Eikon:  ID:nPn8kdShCa 
Further company coverage:  CCLP.O 

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