USA Compression Q2 record revenue $206.9M; net income $23.6M; confirms FY outlook

USA Compression Partners, LP

Record total revenues $206.9M, up from $171.5M YoY.
Net income $23.6M vs $9.1M; Adjusted EBITDA $125.0M vs $105.4M.
Distributable Cash Flow $67.0M with coverage 1.30x; distribution unchanged at $0.525/unit.
Utilization 93.4% vs 87.9%; avg revenue per HP/month $18.65 vs $17.20.
Leverage ratio declined to ~4.5x; expansion capex $71.6M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

USA Compression Partners, LP reported second-quarter 2023 results: revenue 206,920, net income 23,584.

Period: second-quarter 2023
Revenue: 206,920
Net income: 23,584
Result: reported results

Exact text from the filing

(4) 93.7 % 92.7 % 88.4 % Average horsepower utilization (for the period) (4) 93.4 % 92.6 % 87.9 % Financial data ($ in thousands, except per horsepower data): Total revenues $ 206,920 $ 197,124 $ 171,461 Average revenue per revenue-generating horsepower per month (5) $ 18.65 $ 18.19 $ 17.20 Net income $ 23,584 $ 10,941 $ 9,086 Operating income $ 51,427 $ 51,057

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8 earnings releases filed in the last 30 days. Browse all earnings releases →

USA Compression Partners, LP filing history →

Source: SEC EDGAR

accession 0001522727-23-000017

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