USA Compression Q1 record revenue $197.1M; net income $10.9M; confirms 2023 outlook

USA Compression Partners, LP

Record total revenue of $197.1M in Q1 2023, up from $163.4M in Q1 2022.
Net income of $10.9M vs $3.3M a year ago; Adjusted EBITDA $118.2M vs $98.4M.
Distributable Cash Flow $62.6M, coverage 1.21x, improving from 0.98x in Q1 2022.
Horsepower utilization reached 92.7% at quarter end vs 86.1% a year ago.
Cash distribution of $0.525 per unit maintained; 2023 outlook confirmed.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

USA Compression Partners, LP reported first-quarter 2023 results: revenue $197.1 million, net income $10.9 million. Guidance reaffirmed.

Period: first-quarter 2023
Revenue: $197.1 million
Net income: $10.9 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

(“USA Compression” or the “Partnership”) announced today its financial and operating results for first-quarter 2023. First-Quarter 2023 Highlights • Record total revenues of $197.1 million for first-quarter 2023, compared to $163.4 million for first-quarter 2022. • Net income was $10.9 million for first-quarter 2023, compared to $3.3 million for first-quarter 2022.

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USA Compression Partners, LP filing history →

Source: SEC EDGAR

accession 0001522727-23-000009

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