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CSI Compressco LP - CCLP STOCK NEWS

Welcome to our dedicated news page for CSI Compressco LP (Ticker: CCLP), a resource for investors and traders seeking the latest updates and insights on CSI Compressco LP.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect CSI Compressco LP's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of CSI Compressco LP's position in the market.

News
CSI Compressco LP 2023 Tax Packages Now Available
Rhea-AI Summary
CSI Compressco LP (CCLP) releases 2023 Schedule K-1 investor tax packages online, accessible via their website or tax support link, with mailing to begin shortly. Unitholders can call for more information.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.99%
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CSI COMPRESSCO LP ANNOUNCES FOURTH QUARTER 2023 RESULTS; PROVIDES 2024 GUIDANCE
Rhea-AI Summary
CSI Compressco LP (CCLP) announced fourth quarter and total year 2023 results, showing growth in revenues, Adjusted EBITDA, and distribution coverage ratio. Despite a net loss, the Partnership's performance improved with an increase in revenue and EBITDA year over year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.01%
Tags
earnings
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News
CSI Compressco LP Announces Fourth Quarter 2023 Earnings News Release Date
Rhea-AI Summary
CSI Compressco LP (CCLP) to release Q4 and full year 2023 results on March 1, 2024, without a conference call due to pending merger with Kodiak Gas Services, Inc.
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End-of-Day
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earnings
News
Kodiak Gas Services, Inc. Announces Receipt of Consents to the Merger Agreement from Supporting Unitholders
Rhea-AI Summary
Kodiak Gas Services, Inc. and CSI Compressco LP announce approval of Merger Agreement by majority unitholders. The transaction is expected to close in the second quarter of 2024.
Rhea-AI Impact
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End-of-Day
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acquisition
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Kodiak Gas Services, Inc. Announces Receipt of Consents to the Merger Agreement from Supporting Unitholders
Rhea-AI Summary
Kodiak Gas Services, Inc. and CSI Compressco LP announce approval of Merger Agreement by majority unitholders. The transaction is expected to close in the second quarter of 2024.
Rhea-AI Impact
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End-of-Day
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acquisition
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CSI Compressco LP Announces Quarterly Distribution
Rhea-AI Summary
CSI Compressco LP (CCLP) announced a cash distribution of $0.01 per outstanding common unit for the quarter ended December 31, 2023, totaling $0.04 per outstanding common unit on an annualized basis. The distribution will be paid on February 14, 2024, to common unitholders of record as of January 31, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.16%
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none
News
Kodiak Gas Services, Inc. to Acquire CSI Compressco LP in an $854 Million All-Equity Transaction
Rhea-AI Summary
Kodiak Gas Services, Inc. (NYSE: KGS) and CSI Compressco LP (NASDAQ: CCLP) have executed a definitive merger agreement under which Kodiak will acquire CSI Compressco in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt. The acquisition will create the industry's largest contract compression fleet with 4.3 million revenue-generating horsepower. The combined entity is expected to generate approximately $630 million in 2024 Adjusted EBITDA after the expected annual run-rate cost synergies of at least $20 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
acquisition
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News
Kodiak Gas Services, Inc. to Acquire CSI Compressco LP in an $854 Million All-Equity Transaction
Rhea-AI Summary
Kodiak Gas Services, Inc. (NYSE: KGS) to acquire CSI Compressco LP (NASDAQ: CCLP) in an all-equity transaction valued at approximately $854 million, including the assumption of $619 million of net debt. The acquisition will create the industry's largest contract compression fleet, with 4.3 million revenue-generating horsepower, and is expected to generate approximately $630 million in 2024 Adjusted EBITDA after the expected annual run-rate cost synergies of at least $20 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.78%
Tags
acquisition
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News
CSI Compressco to Present at the Bank of America Leveraged Finance Conference
Rhea-AI Summary
CSI Compressco LP (CCLP) to Present at Bank of America Leveraged Finance Conference - Latest Presentation Materials Available on Company's Website
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News
CSI COMPRESSCO LP ANNOUNCES THIRD QUARTER 2023 RESULTS; ACHIEVES 14% YEAR-ON-YEAR QUARTERLY ADJUSTED EBITDA GROWTH; CONTINUES LEVERAGE REDUCTION
Rhea-AI Summary
CSI Compressco LP (NASDAQ: CCLP) announced third quarter 2023 results. Total revenues were $99.7 million, net loss was $0.9 million, and adjusted EBITDA was $33.8 million. Compression fleet utilization increased to 87.6% and distributable cash flow was $14.0 million. The distribution coverage ratio was 9.9x. Management is optimistic about the strong demand and expects continued growth in the natural gas compression market.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.26%
Tags
earnings
Stock CCLP logo
CSI Compressco LP

Nasdaq:CCLP

CCLP Rankings

N/A Ranked by Market Cap
N/A Ranked by Stock Gains
N/A Ranked by Dividends

CCLP Stock Data

344.84M
59.00M
93.65%
44.26%
0.06%
Support Activities for Oil and Gas Operations
Mining, Quarrying, and Oil and Gas Extraction
Link
US
The Woodlands

About CCLP

csi compressco (nasdaq: cclp) is a provider of compression services and equipment for natural gas and oil production, gathering, transportation, processing, and storage. csi compressco’s compression and related services business includes a fleet of over 6,000 compressor packages providing in excess of 1.0 million in aggregate horsepower, utilizing a full spectrum of low-, medium-, and high-horsepower engines. csi compressco also provides well monitoring and automated sand separation services in conjunction with compression services in mexico. csi compressco’s equipment and parts sales business includes the fabrication and sale of standard compressor packages, custom-designed compressor packages, and oilfield fluid pump systems designed and fabricated primarily at our facilities in midland, texas and oklahoma city, oklahoma, as well as the sale of compressor package parts and components manufactured by third-party suppliers. csi compressco’s aftermarket services business provides compre