USA Compression Q1 2022 Earnings Report
Key Takeaways
USA Compression Partners reported an increase in total revenues to $163.4 million for Q1 2022, compared to $157.5 million for Q1 2021. Net income also increased to $3.3 million, compared to $0.4 million in the previous year. The company's average active horsepower increased, leading to a rise in horsepower utilization and pricing.
Total revenues increased to $163.4 million for the first quarter 2022, compared to $157.5 million for the first quarter 2021.
Net income was $3.3 million for the first quarter 2022, compared to $0.4 million for the first quarter 2021.
Adjusted EBITDA was $98.4 million for the first quarter 2022, compared to $99.6 million for the first quarter 2021.
Distributable Cash Flow was $50.1 million for the first quarter 2022, compared to $52.6 million for the first quarter 2021.
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USA Compression Revenue by Segment
Forward Guidance
USA Compression is confirming its full-year 2022 guidance.