secwatch.observer — SEC 8-K summary
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Issuer:     USA Compression Partners, LP (USAC)
CIK:        0001522727
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001522727-23-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522727/000152272723000009/0001522727-23-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522727/000152272723000009/usac-20230502.htm
  HTML page:      https://secwatch.observer/filing/0001522727-23-000009

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