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Private company

CSI Compressco LP

American oil and gas field services company based in The Woodlands2

In its 2024 annual report the company says: “We are a provider of contract services related to the exploration and production of oil and natural gas, including natural gas compression services and treating services. We also sell used standard compressor packages and provide aftermarket services and compressor package parts and components manufactured by third-party suppliers.”5

Last updated Oct 21, 2026.

Overview

  • IndustryOil & Gas Field Services, NEC2
  • HeadquartersThe Woodlands, United States2
  • Incorporated inDE3
  • Business address1735 Hughes Landing Blvd, Ste 200, The Woodlands, Tx 773803
  • Filer categoryAccelerated filer, Smaller reporting company3
  • Legal formLimited Partnership2
  • Kind of organizationLimited partnership2
  • LEI549300STALDQYSVEO3252
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O CAPITOL SERVICES, INC., 19901 Dover, United States2
  • Registered withDivision of Corporations, Department of State, 46181882

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The financial statements presented in this Annual Report are the consolidated financial statements of CSI Compressco LP, a Delaware limited partnership and its subsidiaries.5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-2.5%Net margin6
9.3%Revenue growth, 20236
$4.3MFree cash flow6

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue55¢$210.5M
  • Selling, general and admin12¢$47.6M
  • Other costs18¢$70.4M
  • Interest14¢$53.9M
  • Income tax1¢$3.8M

Out of $386.1M in revenue.6 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending93¢$57.9M
  • Kept or used elsewhere7¢$4.3M

Out of $62.2M of cash from operations.6

Financial statements

Revenue7896$386.1M in 2023+31% since 2017
0$100.0M$200.0M$300.0M$400.0M2017: $295.6M$295.6M20172018: $314.0M$314.0M2018+6%2019: $340.1M$340.1M2019+8%2020: $301.6M$301.6M2020−11%2021: $304.2M$304.2M2021+1%2022: $353.4M$353.4M2022+16%2023: $386.1M$386.1M2023+9%
Net income789106-$9.5M in 2023−77% since 2017
-$80.0M-$60.0M-$40.0M-$20.0M02017: -$40.5M-$40.5M20172018: -$37.0M-$37.0M2018−9%2019: -$21.0M-$21.0M2019−43%2020: -$73.8M-$73.8M2020+252%2021: -$50.3M-$50.3M2021−32%2022: -$22.1M-$22.1M2022−56%2023: -$9.5M-$9.5M2023−57%
Fiscal year2017201820192020202120222023
Revenue$295.6M7$314.0M8$340.1M8$301.6M9$304.2M9$353.4M6$386.1M6
Cost of revenue$193.5M7$195.5M8$195.2M8$174.2M8$168.7M10$197.6M6$210.5M6
Selling, general and admin$33.4M7$34.3M8$36.6M8$34.3M9$43.3M10$42.6M6$47.6M6
Interest$43.1M7$52.6M8$53.4M8$54.5M9$54.8M10$49.5M6$53.9M6
Income before tax-$44.7M10-$17.5M6-$5.7M6
Income tax$2.8M7$2.4M8$2.9M8$3.1M9$5.0M10$4.8M6$3.8M6
Net income-$40.5M7-$37.0M8-$21.0M8-$73.8M9-$50.3M10-$22.1M6-$9.5M6
Earnings per share-$1.549-$0.8110-$0.166-$0.076
Earnings per share (diluted)-$1.549-$0.8110-$0.166-$0.076

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Corporate structure

CSI Compressco LP sits at the top of its group. 24 entities, 5 countries on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of CSI Compressco LP

  • CSI Compressco LP The Woodlands, Texas, United States
    • Compressco Canada, Inc. Subsidiary · Canada
    • Compressco de Argentina SRL Subsidiary · Argentina
    • Compressco Netherlands B.V. Subsidiary · Netherlands
    • Compressco Netherlands Cooperatief U.A. Subsidiary · Netherlands
    • Compressor Systems de Mexico, S. de RL de CV Subsidiary · Mexico
    • CSI Compressco Field Services International LLC Subsidiary · Delaware, United States
    • CSI Compressco Finance Inc. Subsidiary · Delaware, United States
    • CSI Compressco Holdings LLC Subsidiary · Delaware, United States
    • CSI Compressco International LLC Subsidiary · Delaware, United States
    • CSI Compressco Leasing LLC Subsidiary · Delaware, United States
    • CSI Compressco Mexico Investment I LLC Subsidiary · Delaware, United States
    • CSI Compressco Mexico Investment II LLC Subsidiary · Delaware, United States
    • CSI Compressco Operating LLC Subsidiary · Delaware, United States
    • CSI Compressco Sub Inc. Subsidiary · Delaware, United States
    • CSI Compression Holdings, LLC Subsidiary · Delaware, United States
    • Production Enhancement Mexico, S. de RL de C.V. Subsidiary · Mexico
    • Providence Natural Gas, LLC Subsidiary · Oklahoma, United States
    • Rotary Compressor Systems, Inc. Subsidiary · Delaware, United States
    • Spartan Energy Services LLC Subsidiary · Delaware, United States
    • Spartan International LLC Subsidiary · Delaware, United States
    • Spartan Operating Company LLC Subsidiary · Delaware, United States
    • Spartan Terminals Operating, Inc. Subsidiary · Delaware, United States
    • Treating Holdco LLC Subsidiary · Delaware, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What CSI Compressco LP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Machinery and equipment$1.1B6 Dec 31, 2023$1.1B6 Dec 31, 2022+2.8%
Construction in progress$34.9M6 Dec 31, 2023$37.2M6 Dec 31, 2022−6.2%
Property and equipment, before depreciation$1.2B6 Dec 31, 2023$1.2B6 Dec 31, 2022+2.5%
Accumulated depreciation$666.1M6 Dec 31, 2023$611.7M6 Dec 31, 2022+8.9%
Property and equipment, net$519.3M6 Dec 31, 2023$545.0M6 Dec 31, 2022−4.7%
Operating-lease assets (leased space)$28.2M6 Dec 31, 2023$27.2M6 Dec 31, 2022+3.8%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$7.0M6 Dec 31, 2023$8.5M6 Dec 31, 2022−17.3%

Intangibles and goodwill

ItemLatestA year beforeChange
Intangible assets, net (excluding goodwill)$16.2M6 Dec 31, 2023$19.1M6 Dec 31, 2022−15.5%
Accumulated amortization$39.6M6 Dec 31, 2023$36.6M6 Dec 31, 2022+8.1%

Inventory

ItemLatestA year beforeChange
Inventory, total$44.9M6 Dec 31, 2023$45.9M6 Dec 31, 2022−2.1%
Work in process$2.2M6 Dec 31, 2023$1.9M6 Dec 31, 2022+18.1%
Supplies$42.7M6 Dec 31, 2023$44.0M6 Dec 31, 2022−3.0%

Leadership

Who has led CSI Compressco LP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. John Earl Jackson2021–2024

President

  1. Ronald J. Foster2011–2014
  2. Timothy A. Knox2014–2017
  3. Owen Serjeant2017–2019
  4. Brady M. Murphy2018–2021

Chief financial officer

  1. Gary L. McBride2011–2012
  2. James P. Rounsavall2012–2015
  3. Derek C. Coffie2016–2017
  4. Jonathan W. Byers2021–2024

Chief operating officer

  1. Joseph Elkhoury2014
  2. Brady M. Murphy2018
201520202025
Board members and other officers (33)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chief Operating Officer and Director of the General Partner of the IssuerRobert W. Price named Nov 23, 202155
  • Director of the General Partner of the IssuerJames R. Larson named Nov 23, 202155
  • Director of the General Partner of the IssuerStephen R. Gill named Nov 23, 202155

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • CSI Compressco Field Services International LLC Delaware4
  • CSI Compressco Finance Inc. Delaware4
  • CSI Compressco Holdings LLC Delaware4
  • CSI Compressco International LLC Delaware4
  • CSI Compressco LP Delaware4
  • CSI Compressco Leasing LLC Delaware4
  • CSI Compressco Mexico Investment I LLC Delaware4
  • CSI Compressco Mexico Investment II LLC Delaware4
  • CSI Compressco Operating LLC Delaware4
  • CSI Compressco Sub Inc. Delaware4
  • CSI Compression Holdings, LLC Delaware4
  • Compressco Canada, Inc. Canada4
  • Compressco Netherlands B.V. Netherlands4
  • Compressco Netherlands Cooperatief U.A. Netherlands4
  • Compressco de Argentina SRL Argentina4
  • Compressor Systems de Mexico, S. de RL de CV Mexico4
  • Production Enhancement Mexico, S. de RL de C.V. Mexico4
  • Providence Natural Gas, LLC Oklahoma4
  • Rotary Compressor Systems, Inc. Delaware4
  • Spartan Energy Services LLC Delaware4
  • Spartan International LLC Delaware4
  • Spartan Operating Company LLC Delaware4
  • Spartan Terminals Operating, Inc. Delaware4
  • Treating Holdco LLC Delaware4

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Former names

  • Compressco Partners, L.P.Nov 10, 2008 to Nov 14, 20143

Timeline

  1. Apr 1, 20248-K Ended a material agreement; Completed an acquisition or sale; Listing notice or transfer56
  2. Mar 22, 20248-K Shareholder vote57
  3. Mar 1, 20248-K Results of operations58
  4. Jan 19, 20248-K Other events59
  5. Dec 19, 20238-K Regulation FD disclosure60
  6. Dec 19, 20238-K Entered a material agreement; Executive or director change; Regulation FD disclosure61
  7. Nov 20, 20238-K Regulation FD disclosure62
  8. Nov 2, 20238-K Results of operations63
  9. Oct 20, 20238-K Other events64
  10. Oct 2, 20238-K Regulation FD disclosure65
  11. Aug 7, 20238-K Results of operations66
  12. Jul 26, 20238-K Executive or director change67
  13. Feb 5, 2021New chief executive John Earl Jackson becomes CEO16

Calendar

When it reported results

  1. Mar 1, 2024Reported quarterly or annual results58
  2. Nov 2, 2023Reported quarterly or annual results63
  3. Aug 7, 2023Reported quarterly or annual results66
  4. May 4, 2023Reported quarterly or annual results68
  5. Mar 10, 2023Reported quarterly or annual results69
  6. Nov 3, 2022Reported quarterly or annual results70
  7. Aug 9, 2022Reported quarterly or annual results71
  8. May 13, 2022Reported quarterly or annual results72

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

180 filings to the SEC since October 2021: 3 annual reports, 7 quarterly reports, 38 major events, 92 insider forms, 14 large holders, 1 private raises, 25 other. The latest 20:

  1. Nov 6, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  2. Apr 11, 202415-12G EDGAR
  3. Apr 10, 2024EFFECT EDGAR
  4. Apr 10, 2024EFFECT EDGAR
  5. Apr 10, 2024EFFECT EDGAR
  6. Apr 10, 2024EFFECT EDGAR
  7. Apr 2, 2024POS AM EDGAR
  8. Apr 2, 2024POS AM EDGAR
  9. Apr 2, 2024POS AM EDGAR
  10. Apr 2, 2024POS AM EDGAR
  11. Apr 2, 2024S-8 POS EDGAR
  12. Apr 2, 2024S-8 POS EDGAR
  13. Apr 2, 2024S-8 POS EDGAR
  14. Apr 1, 2024SC 13D/A EDGAR
  15. Apr 1, 20248-K EDGAR
  16. Apr 1, 20244 EDGAR
  17. Apr 1, 20244 EDGAR
  18. Apr 1, 20244 EDGAR
  19. Apr 1, 20244 EDGAR
  20. Apr 1, 20244 EDGAR

The 180 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

7 open-market trades by officers, directors and large owners since October 2021: 7 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 19, 2023LARSON JAMES RDirectorBuy11,000$1.19$13.1KForm 4
Sep 12, 2023LARSON JAMES RDirectorBuy10,000$1.17$11.7KForm 4
Jun 30, 2023JACKSON JOHN EARLChief Executive OfficerBuy25,000$1.30$32.5KForm 4
Sep 28, 2022Byers Jonathan W.Chief Financial OfficerBuy17,000$1.20$20.4KForm 4
Sep 9, 2022JACKSON JOHN EARLChief Executive OfficerBuy10,000$1.27$12.7KForm 4
Dec 9, 2021Gill Stephen R.DirectorBuy98,100$1.20$117.7KForm 4
Dec 8, 2021Gill Stephen R.DirectorBuy1,900$1.20$2.3KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Money received by year$52.7M 2021–2021
Money received by yearMoney received by year, 2021–2021: $52.7M in all. Private raises (Form D) $52.7M.$0$20M$40M$60M2021 · Private raises (Form D): $52.7M2021
Figures by year
YearPrivate raises (Form D)Total
2021$52.7M$52.7M

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. Nov 10, 2021Raised $52.7 million in a private offering of equity55 Form D: 49 investors so far Form D

SEC filer profile

How CSI Compressco LP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARCSI Compressco LP1
  • CIK0001449488
  • Employer ID (EIN)94-34509071
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1389 Oil & Gas Field Services, NEC1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address1735 Hughes Landing Blvd, Ste 200, The Woodlands, TX 773801
  • Phone71325292261
  • Shares outstanding142,496,840 as of Feb 28, 20246
  • Public float$94.5M as of Jun 30, 20236
  • On EDGAR sinceNov 10, 20081
  • Filings884 in all: 4 (394), 8-K (229), 3 (45), 10-Q (38), SC 13G/A (26), 4/A (16), 10-K (13), CORRESP (13)1
    All 38 form types

    EFFECT (12), SC 13D/A (11), SC 13G (9), UPLOAD (9), SD (8), 8-K/A (6), S-1/A (6), S-3 (6), S-3/A (5), 425 (4), POS AM (4), D (3), S-8 (3), S-8 POS (3), SC 13D (3), 424B3 (2), DEF 14C (2), DEFA14A (2), 10-K/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B1 (1), 424B4 (1), 424B5 (1), 8-A12B (1), CERTNAS (1), DEFM14A (1), S-1 (1), S-4 (1)

  • Latest filingsAnnual report (10-K) Mar 1, 2024
    Quarterly report (10-Q) Nov 2, 2023
    Latest 8-K (8-K) Apr 1, 2024

Sources

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