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CSI Compressco LP Announces Fourth Quarter And Total Year 2020 Results

CSI Compressco LP Announces Fourth Quarter And Total Year 2020 Results
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THE WOODLANDS, Texas, Feb. 24, 2021 /PRNewswire/ CSI Compressco LP ( CSI Compressco , CCLP or the Partnership ) (NASDAQ: CCLP) today announced fourth quarter and total year 2020 results.
Fourth Quarter 2020 Summary:
th quarter were $71.1 million, compared to $72.3 million in the 3
rd quarter 2020.
Net loss was $23.0 million, including $7.5 million in non-recurring charges compared to a net loss of $12.6 million in the 3
rd quarter 2020.
rd quarter 2020. 4
th quarter Adjusted EBITDA included a $5.9 million benefit from the sale of used equipment compared to a $5.0 million benefit in the 3 ....

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TETRA Technologies, Inc. Announces Divestment Of Interests In CSI Compressco LP And Related Assets For $30.7 Million And Announces Preliminary TETRA Only Fourth Quarter Results

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THE WOODLANDS, Texas, Jan. 29, 2021 /PRNewswire/ TETRA Technologies, Inc. ( TETRA or the Company ) (NYSE: TTI) announced today a series of transactions related to CSI Compressco including (i) the sale to Spartan Energy Partners ( Spartan ) of its General Partner ( GP ) interests, incentive distribution rights ( IDRs ) and 10.95 million of the 16.19 million common units TETRA owned in CSI Compressco LP ( CSI Compressco or CCLP ) for $13.95 million, plus a contingent payment that could increase the proceeds to $17.1 million if certain financial targets are met; (ii) the sale of 15 large compressor units for $14.2 million that are subject to a lease arrangement with CSI Compressco and (iii) the settlement of outstanding intercompany balances for which CCLP paid TETRA $2.5 million, resulting in combined proceeds of approximately $30.7 million, or $33.8 million if the contingent payment is earned. As a result of these transactions, ....

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Spartan Energy Partners Acquiring CSI Compressco LP's General Partner From Tetra Technologies; Announces New Executive Officers And Changes In The Board Of Directors

Spartan Energy Partners Acquiring CSI Compressco LP s General Partner From Tetra Technologies; Announces New Executive Officers And Changes In The Board Of Directors
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THE WOODLANDS, Texas, Jan. 29, 2021 /PRNewswire/ CSI Compressco LP ( CSI Compressco or the Partnership ) (NASDAQ: CCLP) announced today that Spartan Energy Partners LP ( Spartan ) is acquiring from TETRA Technologies, Inc. ( TETRA ), the Partnership s General Partner, incentive distribution rights ( IDRs ) and a majority of the common units in CSI Compressco previously owned by TETRA. CSI Compressco will continue to be listed on NASDAQ and does not expect any changes to its capital structure as a result of this transaction. CSI Compressco will not issue any common units nor incur any incremental indebtedness as a result of the transaction. ....

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