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Compressco Partners, L.P. Announces Second Quarter 2014 Results Including 97% Increase In Net Income

August 22, 2014



By a News Reporter-Staff News Editor at Energy Weekly News -- Compressco Partners, L.P. (Compressco Partners or the Partnership) (NASDAQ: GSJK) announced second quarter 2014 consolidated results. Earnings before interest, taxes, depreciation, and amortization (EBITDA) for the second quarter of 2014 were $9.3 million, with net income of $4.9 million. This compares to EBITDA and net income of $6.7 million and $2.5 million, respectively, during the second quarter of 2013. Distributable cash flow for the quarter ended June 30, 2014 was $9.4 million (EBITDA and distributable cash flow are non-GAAP financial measures that are defined and reconciled to the nearest GAAP financial measures later in the release).

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Keywords for this news article include: Energy Companies.

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Source: Energy Weekly News


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