CSI Compressco LP (NASDAQ:CCLP) Q2 2023 Earnings Call Transcript

When you look at our reciprocating fleet, we’re over — we’re well over 90%, and our large horsepower is over 95% right now, 1,000 horsepower up, which is kind of in line with what you would see from the other public company peers. So that’s just a little bit of color I want to give you there that is the reason why we view full utilization as around 90 because of the rotary screws and the gas jack is just not going to hit the 100% or 95% utilization.

Jay Spencer: Great. Thank you. And when it comes to your guidance of finishing the year with leverage of 4.8 to 5.2, what are some of the key variables you think about that would lead the company to be on either side of that guidance?

Jon Byers: I think probably the key variable is going to be managing our working capital to our net debt number. Obviously, EBITDA is a big component of it, but that’s one of the areas we’re focused on.

Jay Spencer: Got you. Okay. Thank you. That’s it for me.

Operator: This concludes our question-and-answer session. I would like now to turn the conference back over to John Jackson for any closing remarks.

John Jackson: Appreciate everyone being on the call today and look forward to speaking with you next quarter as we continue to march ahead and delever the company and grow profitably. I appreciate your time. Thank you.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.