USA Compression Q4 record revenue $225.0M; net income $12.8M, distributable cash flow $79.9M

USA Compression Partners, LP

Total revenues $225.0M (+18.4% YoY); net income $12.8M ($8.4M Q4 2022), includes $10.5M derivative loss.
Adjusted EBITDA $138.6M vs $113.0M; Distributable Cash Flow $79.9M vs $60.6M; coverage 1.48x vs 1.18x.
Average horsepower utilization 94.1% (91.3% Q4 2022); record avg revenue per HP/month $19.52 ($17.81).
Q4 distribution $0.525/unit unchanged; 40,000 Series A Preferred Units converted into 1,998,850 common units.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

USA Compression Partners, LP reported fourth-quarter 2023 results: revenue $225.0 million, net income $12.8 million.

Period: fourth-quarter 2023
Revenue: $225.0 million
Net income: $12.8 million
Result: reported results

Exact text from the filing

Record total revenues of $225.0 million for fourth-quarter 2023, compared to $190.1 million for fourth-quarter 2022.

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USA Compression Partners, LP filing history →

Source: SEC EDGAR

accession 0001522727-24-000006

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