Newspaper article THE JOURNAL RECORD

Cypress Energy Reports Loss for 3Q

Newspaper article THE JOURNAL RECORD

Cypress Energy Reports Loss for 3Q

Article excerpt

TULSA - Cypress Energy Partners on Friday reported a net loss for the third quarter of $1.6 million, compared with net income of $5.1 million for the third quarter of 2014.

The net loss for the third quarter included an impairment charge of $5.6 million.

Revenue for the quarter was down 13.2 percent to $96.4 million from $111 million for the third quarter of 2014.

The Tulsa-based midstream services company reported net income for the first nine months of 2015 of $3 million, down from $13.5 million for the first nine months of 2014.

Revenue for the first nine months of the year totaled $281.4 million, down 6.9 percent from $302.3 million a year earlier.

"Our team continues to focus on organic growth opportunities with our customer relationships in the inspection industry to cross-sell our new hydrostatic testing services from our recent acquisition," said Peter C. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.