CCLP - CSI Compressco GAAP EPS of -$0.03 revenue of $94.9M

• CSI Compressco press release ( NASDAQ: CCLP ): Q3 GAAP EPS of -$0.03.
• Revenue of $94.9M (+22.2% Y/Y).
• Contract services revenue increased to $67.5 million compared to $59.4 million in the third quarter 2021.
• Compression fleet utilization increased to 85.1% compared to 78.9% in the third quarter 2021.
• Operating horsepower increased to 1,022,106 compared to 928,303 in the third quarter 2021.
• Distributable cash flow was $13.1 million compared to $10.6 million in the third quarter 2021.
• Distribution coverage ratio was 9.3x compared to 21.8x in the third quarter 2021.
• Third quarter of 2022 distribution of $0.01 per common unit will be paid on November 14, 2022.
• Net Leverage Ratio was 5.7x compared to 6.8x in the third quarter 2021.

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