Loading...
Docoh

CSI Compressco (CCLP)

CSI Compressco is a provider of compression services and equipment for natural gas and oil production, gathering, artificial lift, transmission, processing, and storage. CSI Compressco's compression and related services business includes a fleet of more than 4,900 compressor packages providing approximately 1.17 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 and related services in certain Latin American markets. CSI Compressco's aftermarket business provides compressor package reconfiguration and maintenance services. CSI Compressco's customers comprise a broad base of natural gas and oil exploration and production, midstream, transmission, and storage companies operating throughout many of the onshore producing regions of the United States, as well as in a number of foreign countries, including Mexico, Canada and Argentina. CSI Compressco is managed by Spartan Energy Partners.

Company profile

Ticker
CCLP
Exchange
Employees
Incorporated
Location
Fiscal year end
Former names
Compressco Partners, L.P.
SEC CIK
Subsidiaries
CSI Compressco Sub Inc. • CSI Compressco Finance Inc. • CSI Compression Holdings, LLC • Rotary Compressor Systems, Inc. • Compressor Systems de Mexico • CSI Compressco Operating LLC • CSI Compressco Holdings LLC • CSI Compressco Field Services International LLC • Compressco de Argentina SRL • CSI Compressco International LLC ...
IRS number
943450907

CCLP stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
24 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 8.36M 8.36M 8.36M 8.36M 8.36M 8.36M
Cash burn (monthly) 2.98M 87.08K 2.06M 2.75M 3.4M (no burn)
Cash used (since last report) 8.46M 247.56K 5.86M 7.81M 9.67M n/a
Cash remaining -98.13K 8.12M 2.51M 553.35K -1.3M n/a
Runway (months of cash) -0.0 93.2 1.2 0.2 -0.4 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
9 Sep 22 Jackson John Earl Common Units Representing Limited Partner Interests Buy Acquire P No No 1.27 10,000 12.7K 871,211
22 Feb 22 Moscoso Michael E Common Units Representing Limited Partner Interests Payment of exercise Dispose F No No 1.39 124 172.36 145,660
22 Feb 22 Moscoso Michael E Common Units Representing Limited Partner Interests Payment of exercise Dispose F No No 1.39 2,155 3K 145,784
22 Feb 22 Moscoso Michael E Common Units Representing Limited Partner Interests Grant Acquire A No No 0 420 0 147,939
21 Feb 22 Moscoso Michael E Common Units Representing Limited Partner Interests Payment of exercise Dispose F No No 1.42 1,871 2.66K 147,519
21 Feb 22 Moscoso Michael E Common Units Representing Limited Partner Interests Payment of exercise Dispose F No No 1.42 158 224.36 149,390
21 Feb 22 Moscoso Michael E Common Units Representing Limited Partner Interests Grant Acquire A No No 0 534 0 149,548
19 Feb 22 Denise Essenberg Common Units Representing Limited Partner Interests Grant Acquire A No No 0 863 0 74,640
19 Feb 22 Larson James R Common Units Representing Limited Partner Interests Grant Acquire A No No 0 863 0 204,387
19 Feb 22 Moscoso Michael E Common Units Representing Limited Partner Interests Payment of exercise Dispose F No No 1.42 2,522 3.58K 149,014
13F holders Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
Increased positions 0 0
Reduced positions 0 0
13F shares Current Prev Q Change
Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
Total put/call ratio
Largest owners Shares Value Change
Largest transactions Shares Bought/sold Change

Financial report summary

?
Management Discussion
  •     Contract services revenues increased by $6.9 million, or 3.0%, during 2021 compared to the prior year primarily due to the Spartan Acquisition which generated $11.1 million of contract services revenue in 2021 from the date of common control. This increase in revenues was partially offset by a decrease in revenues resulting from the impact of the COVID-19 pandemic on revenue in 2020 and 2021. The overall compression fleet horsepower utilization rate as of December 31, 2021 increased to 80.8% compared to 76.4% as of December 31, 2020. In addition, in 2021 we discontinued some of the pricing concessions given in 2020.
  •     Aftermarket services revenues decreased $6.8 million, or 11.2%, during 2021 compared to the prior year partially due to decreased demand for parts and services as customers delayed re-starting maintenance programs on their owned equipment. Additionally, due to the increase in demand for our compression services, our facilities and workforce were consumed with make-ready and redeployment work limiting the availability for aftermarket services jobs. The contribution of Spartan Treating generated $0.7 million in aftermarket services revenue in 2021 from the date of common control.
  • Equipment rentals revenues increased $12.9 million, or 100.0%, during 2021 due to the Spartan Acquisition.

Content analysis

?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: consulting, cooler, deployment, favorable, lender, letter, trend, waning
Removed: aggressive, approach, conform, drove, encouraged, improve, industry, macroeconomic, noted, preventing, reclassified, recovered, relate, spread, stabilize, steep, successful, transition