secwatch.observer — SEC 8-K summary
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Issuer:     USA Compression Partners, LP (USAC)
CIK:        0001522727
Form:       8-K
Filed at:   2023-10-31T23:59:59+00:00
Accession:  0001522727-23-000025
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 Q3 revenue $217.1M; adj. EBITDA $130.2M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522727/000152272723000025/0001522727-23-000025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522727/000152272723000025/usac-20231031.htm
  HTML page:      https://secwatch.observer/filing/0001522727-23-000025

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