Loading news...
THE WOODLANDS, Texas , March 4, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco" or the "Partnership") (NASDAQ: CCLP) today announced that the Partnership's 2023 Schedule K-1 investor tax packages are now available online. They may be accessed through CSI Compressco's website through the Investor Relations K-1 Tax Support link or directly through the K-1 Tax Package Support website, www.taxpackagesupport.com/compressco.
THE WOODLANDS, Texas , March 1, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco", "CCLP" or the "Partnership") (NASDAQ: CCLP) today announced fourth quarter and total year 2023 results. Fourth Quarter 2023 Summary Total revenues for fourth quarter 2023 were $98.3 million compared to $94.0 million for fourth quarter 2022.
THE WOODLANDS, Texas , Feb. 27, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that it expects to release its fourth quarter and full year 2023 results before the opening of the market on Friday, March 1, 2024. Due to the pending merger with Kodiak Gas Services, Inc., CSI Compressco will not host a conference call or webcast to discuss its fourth quarter 2023 results.
MONTGOMERY, Texas and THE WOODLANDS, Texas , Feb. 21, 2024 /PRNewswire/ -- Kodiak Gas Services, Inc. ("Kodiak" or the "Company") (NYSE: KGS) and CSI Compressco LP (the "Partnership") (NASDAQ: CCLP) today announced that, following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4/A (Registration No. 333-276508) on February 20, 2024, certain of the Partnership's unitholders have delivered written consents approving the Agreement and Plan of Merger, dated December 19, 2023 by and between Kodiak, the Partnership, CSI Compressco GP LLC (the "General Partner") and certain of their respective affiliates (the "Merger Agreement").
MONTGOMERY, Texas and THE WOODLANDS, Texas , Feb. 21, 2024 /PRNewswire/ -- Kodiak Gas Services, Inc. ("Kodiak" or the "Company") (NYSE: KGS) and CSI Compressco LP (the "Partnership") (NASDAQ: CCLP) today announced that, following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4/A (Registration No. 333-276508) on February 20, 2024, certain of the Partnership's unitholders have delivered written consents approving the Agreement and Plan of Merger, dated December 19, 2023 by and between Kodiak, the Partnership, CSI Compressco GP LLC (the "General Partner") and certain of their respective affiliates (the "Merger Agreement").
THE WOODLANDS, Texas , Jan. 18, 2024 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended December 31, 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on February 14, 2024 to all common unitholders of record as of the close of business on January 31, 2024.
MILWAUKEE , Dec. 19, 2023 /PRNewswire/ -- Ademi LLP is investigating CSI Compressco (NASDAQ: CCLP) for possible breaches of fiduciary duty and other violations of law in its transaction with Kodiak Gas. Click here to learn how to join the https://www.ademilaw.com/case/csi-compressco-lp or call Guri Ademi toll-free at 866-264-3995.
All-equity acquisition to create the industry's largest contract compression fleet of 4.3 million revenue-generating horsepower Deepens Kodiak's position in key operating areas, including over 2.8 million horsepower in the Permian Basin Expected annual run-rate cost synergies of at least $20 million CSI Compressco unitholders will receive 0.086 shares of Kodiak common stock for each CSI Compressco common unit owned, representing a price of approximately $1.65 per unit based on the closing price of Kodiak's stock on December 18, 2023 Kodiak shareholders will realize immediate accretion to Discretionary Cash Flow and Free Cash Flow per share upon closing Transaction benefits to CSI Compressco unitholders include a significantly increased dividend, greater stock trading liquidity and significant opportunities for long-term value appreciation Kodiak to host a conference call on December 19, 2023 at 9:00 a.m. ET / 8:00 a.m.
All-equity acquisition to create the industry's largest contract compression fleet of 4.3 million revenue-generating horsepower Deepens Kodiak's position in key operating areas, including over 2.8 million horsepower in the Permian Basin Expected annual run-rate cost synergies of at least $20 million CSI Compressco unitholders will receive 0.086 shares of Kodiak common stock for each CSI Compressco common unit owned, representing a price of approximately $1.65 per unit based on the closing price of Kodiak's stock on December 18, 2023 Kodiak shareholders will realize immediate accretion to Discretionary Cash Flow and Free Cash Flow per share upon closing Transaction benefits to CSI Compressco unitholders include a significantly increased dividend, greater stock trading liquidity and significant opportunities for long-term value appreciation Kodiak to host a conference call on December 19, 2023 at 9:00 a.m. ET / 8:00 a.m.
CSI Compressco LP reported a 5.1% YoY revenue growth and increased fleet utilization in its Q3 2023 financial results. The company provides natural gas compression and processing services and targets customers in the energy supply chain. The global market for natural gas processing is expected to reach nearly $302 billion by 2030, driving the growth of CSI Compressco.
THE WOODLANDS, Texas , Nov. 17, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that it will be presenting at the Bank of America Leveraged Finance Conference. CSI Compressco's latest presentation materials are available on CSI Compressco's website at https://csicompressco.com under "News and Events; Presentations" on the Investor Relations tab.
CSI Compressco LP (CCLP) Q3 2023 Earnings Call Transcript
THE WOODLANDS, Texas , Nov. 2, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI," or the "Partnership") (NASDAQ: CCLP) today announced third quarter 2023 results. Third Quarter 2023 Results: Total revenues were $99.7 million compared to $94.9 million in the third quarter 2022.
THE WOODLANDS, Texas , Oct. 19, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended September 30, 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on November 14, 2023 to all common unitholders of record as of the close of business on October 30, 2023.
THE WOODLANDS, Texas , Sept. 29, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that it will be presenting at the LD Micro Main Event XVI.
CSI Compressco LP (NASDAQ:CCLP ) Q2 2023 Earnings Conference Call August 7, 2023 10:30 AM ET Company Participants John Jackson - Chief Executive Officer Jon Byers - Chief Financial Officer Rob Price - Chief Operating Officer Conference Call Participants Jeff Grampp - Alliance Selman Akyol - Stifel Brian DiRubbio - Baird Jay Spencer - Stifel Operator Good morning and welcome to CSI Compressco LP's Second Quarter 2023 Earnings Conference Call. The speakers for today's call are John Jackson, Chief Executive Officer of CSI Compressco LP; and Jon Byers, Chief Financial Officer of CSI Compressco LP.
THE WOODLANDS, Texas , Aug. 7, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI," or the "Partnership") (NASDAQ: CCLP) today announced second quarter 2023 results. Second Quarter 2023 Results: Total revenues were $96.8 million compared to $84.5 million in the second quarter 2022.
THE WOODLANDS, Texas , July 26, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that on July 24, 2023, Spartan Energy Holdco LLC, the sole member of CSI Compressco GP LLC (the "General Partner"), the general partner of CSI Compressco, increased the size of the Board of Directors of the General Partner (the "Board") from eight members to nine members and appointed Joseph Patrick McElroy to serve as a member of the Board, effective immediately. Mr. McElroy currently serves as a Managing Partner of Merced Capital, L.P.
THE WOODLANDS, Texas , July 17, 2023 /PRNewswire/ -- CSI Compressco LP ("CSI Compressco") (NASDAQ: CCLP) announced today that the board of directors of its general partner has declared a cash distribution attributable to the quarter ended June 30, 2023 of $0.01 per outstanding common unit, or $0.04 per outstanding common unit on an annualized basis. This cash distribution will be paid on August 14, 2023 to all common unitholders of record as of the close of business on July 28, 2023.
Energy shares traded aimlessly on low volume until indicators pointed to a tightening oil market late in the week. Friday saw dramatic outperformance in response to improving oil market fundamentals despite heightened macro concerns. The late-week price action suggests further oil market tightening will push oil-related equities higher over the coming months.