CCLP - CSI Compressco GAAP EPS of -$0.05 revenue of $84.5M
- CSI Compressco press release ( NASDAQ: CCLP ): Q2 GAAP EPS of -$0.05.
- Revenue of $84.5M (+10.5% Y/Y).
- "As we look forward, it has been and continues to be difficult to predict the impact of inflation on our business and our costs. We continue to see strong demand for our products and services and have a significant amount of contracted horsepower that will be deployed in the second half of 2022. A significant portion of our compression fleet is under term contracts at any given time. As a result, we are raising prices as these units come off term and are subject to price changes. We have visibility into the balance of 2022 being very active and expect utilization to continue to improve through the remainder of 2022. We expect fleet revenue to continue to grow as the combination of price increases and utilization continues to work its way through the fleet."
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CSI Compressco GAAP EPS of -$0.05, revenue of $84.5M