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Mar 31, 2020
USA Compression Q1 2020 Earnings Report
USA Compression reported first quarter 2020 results and updated 2020 outlook.
Key Takeaways
USA Compression Partners reported a total revenue of $179.0 million for Q1 2020, compared to $170.7 million for Q1 2019. The net loss was $602.5 million, which included a $619.4 million charge due to non-cash impairment of goodwill. Adjusted EBITDA was $106.2 million, and distributable cash flow was $54.7 million.
Total revenues were $179.0 million for the first quarter 2020, compared to $170.7 million for the first quarter 2019.
Net loss was $602.5 million for the first quarter 2020, compared to net income of $6.6 million for the first quarter 2019. The net loss for the first quarter 2020 included a $619.4 million charge due to non-cash impairment of goodwill.
Adjusted EBITDA was $106.2 million for the first quarter 2020, compared to $101.4 million for the first quarter 2019.
Announced cash distribution of $0.525 per common unit for the first quarter 2020, consistent with the first quarter 2019.
USA Compression
USA Compression
USA Compression Revenue by Segment
Revenue by Segment
Contract Operations Revenue
CapyFin.comParts and Service Revenue
CapyFin.comRelated Party Revenue
CapyFin.com Forward Guidance
USA Compression is updating its full-year 2020 guidance as follows: Net loss range of $590.0 million to $570.0 million; Adjusted EBITDA range of $395.0 million to $415.0 million; and Distributable Cash Flow range of $195.0 million to $215.0 million.