earnings
confidence high
sentiment positive
materiality 0.70
USA Compression reports record Q3 revenue of $240M, adjusted EBITDA $145.7M; confirms FY2024 outlook
USA Compression Partners, LP
- Record total revenues $240.0M (up 10.5% YoY); net income $19.3M vs $20.9M YoY.
- Adjusted EBITDA $145.7M (up from $130.2M YoY); Distributable Cash Flow $86.6M, coverage 1.41x.
- Average revenue-generating horsepower record 3.56M; utilization 94.6%; avg revenue per hp $20.60.
- Expansion capex raised to $240-250M for FY2024; quarterly distribution maintained at $0.525/unit.
- CEO Clint Green notes tightening compression space; thanks retiring CEO Eric Long.