earnings
confidence high
sentiment positive
materiality 0.75
USA Compression reports record Q4 revenue of $190.1M; Adjusted EBITDA $113.0M
USA Compression Partners, LP
- Total revenue $190.1M (Q4 2022) vs $159.9M (Q4 2021), a record quarter; net income $8.4M vs $3.1M.
- Adjusted EBITDA $113.0M vs $99.2M YoY; Distributable Cash Flow $60.6M vs $52.0M.
- Horsepower utilization at period end 91.8%, up from 82.7% a year ago; average rev/hp/month $17.81.
- Cash distribution maintained at $0.525 per common unit (annualized $2.10), DCF coverage 1.18x.
- Expansion capex $46.1M and maintenance capex $3.7M in Q4; 165,000 hp on order for 2023 delivery.