earnings
confidence high
sentiment positive
materiality 0.75
USAC reports record Q2 revenue $235.3M, raises full-year 2024 guidance
USA Compression Partners, LP
- Q2 total revenue $235.3M (up 13.7% YoY); net income $31.2M vs $23.6M.
- Adjusted EBITDA $143.7M; DCF $85.9M; coverage ratio 1.40x.
- Avg revenue-generating horsepower 3.52M (record); utilization 94.7%.
- 2024 outlook raised: net income $105-125M, Adj. EBITDA $565-585M, DCF $345-365M.
- Q2 distribution $0.525/unit unchanged; expansion capex plan raised to $195-205M.