secwatch.observer — SEC 8-K summary
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Issuer:     USA Compression Partners, LP (USAC)
CIK:        0001522727
Form:       8-K
Filed at:   2024-11-05T23:59:59+00:00
Accession:  0001522727-24-000044
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

USA Compression reports record Q3 revenue of $240M, adjusted EBITDA $145.7M; confirms FY2024 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1522727/000152272724000044/0001522727-24-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1522727/000152272724000044/usac-20241105.htm
  HTML page:      https://secwatch.observer/filing/0001522727-24-000044

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