USA Compression reports record Q3 revenue $217.1M; adj. EBITDA $130.2M

USA Compression Partners, LP

Record total revenues $217.1M (+21% YoY); net income $20.9M (vs $9.6M).
Adjusted EBITDA $130.2M (vs $109.2M); Distributable Cash Flow $71.6M (vs $55.2M); coverage 1.39x.
Average horsepower utilization 93.6% (vs 90.3%); record avg revenue-generating HP 3.36M.
Quarterly distribution $0.525/unit, unchanged; payable Nov 3 to holders of record Oct 23.
Warrants exercise: 10M units at $19.59 exercised in full; net settled for ~2.36M units.

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 0.9

USA Compression Partners, LP reported third-quarter 2023 results: revenue $217.1 million, net income $20.9 million.

Period: third-quarter 2023
Revenue: $217.1 million
Net income: $20.9 million
Result: reported results

Exact text from the filing

(NYSE: USAC) (“USA Compression” or the “Partnership”) announced today its financial and operating results for third-quarter 2023. Financial Highlights • Record total revenues of $217.1 million for third-quarter 2023, compared to $179.6 million for third-quarter 2022. • Net income was $20.9 million for third-quarter 2023, compared to $9.6 million for third-quarter 2022.

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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 0001522727-23-000025

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