secwatch.observer — SEC 8-K summary
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Issuer:     USA Compression Partners, LP (USAC)
CIK:        0001522727
Form:       8-K
Filed at:   2023-02-14T23:59:59+00:00
Accession:  0001522727-23-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USA Compression reports record Q4 revenue of $190.1M; Adjusted EBITDA $113.0M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522727/000152272723000003/0001522727-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522727/000152272723000003/usac-20230214.htm
  HTML page:      https://secwatch.observer/filing/0001522727-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer