USA Compression posts record Q1 revenue $229.3M, net income $23.6M; record utilization 94.8%

USA Compression Partners, LP

Total revenues $229.3M, up 16% YoY; net income $23.6M (vs $10.9M).
Adjusted EBITDA $139.4M; Distributable Cash Flow $86.6M (coverage 1.41x).
Average horsepower utilization 94.8% (record); revenue per HP $19.96 (record).
Issued $1.0B 7.125% senior notes due 2029; redeemed $725M 6.875% notes.
280,000 Series A Preferred Units converted into 13.99M common units effective Apr 2, 2024.

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 financial results for first-quarter 2024.

Period: first-quarter 2024
Result: reported results

Exact text from the filing

On May 7, 2024, USA Compression Partners, LP issued a press release with respect to its financial and operating results for first-quarter 2024.

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

USA Compression Partners, LP filing history →

Source: SEC EDGAR

accession 0001522727-24-000024

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