CSI Compressco: 3Q Earnings Snapshot
THE WOODLANDS, Texas (AP) _ CSI Compressco LP (CCLP) on Wednesday reported a loss of $3.6 million in its third quarter.
The The Woodlands, Texas-based company said it had a loss of 8 cents per share.
The results missed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 4 cents per share.
The compression services provider posted revenue of $113.7 million in the period.
CSI Compressco expects full-year revenue in the range of $475 million to $490 million.
The company’s shares closed at $2.90. A year ago, they were trading at $4.63.