secwatch.observer — SEC 8-K summary
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Issuer:     USA Compression Partners, LP (USAC)
CIK:        0001522727
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001522727-24-000024
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522727/000152272724000024/0001522727-24-000024-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522727/000152272724000024/usac-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001522727-24-000024

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