CSI Compressco: 2Q Earnings Snapshot
THE WOODLANDS, Texas (AP) _ CSI Compressco LP (CCLP) on Wednesday reported a loss of $9.6 million in its second quarter.
The The Woodlands, Texas-based company said it had a loss of 23 cents per share.
The results did not meet Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The compression services provider posted revenue of $99.9 million in the period, exceeding Street forecasts. Four analysts surveyed by Zacks expected $91.1 million.
CSI Compressco shares have decreased slightly since the beginning of the year. The stock has increased 20 percent in the last 12 months.