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CSI Compressco: 3Q Earnings Snapshot

November 6, 2019 GMT

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.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CCLP at https://www.zacks.com/ap/CCLP