USA Compression Q1 2023 Earnings Report
Key Takeaways
USA Compression Partners reported a strong first quarter with record revenues of $197.1 million, a net income of $10.9 million, and an Adjusted EBITDA of $118.2 million. The company's performance was driven by increased market demand and fleet utilization approaching 93%.
Record total revenues of $197.1 million, compared to $163.4 million for first-quarter 2022.
Net income was $10.9 million, compared to $3.3 million for first-quarter 2022.
Adjusted EBITDA was $118.2 million, compared to $98.4 million for first-quarter 2022.
Distributable Cash Flow was $62.6 million, compared to $50.1 million for first-quarter 2022.
USA Compression
USA Compression
USA Compression Revenue by Segment
Forward Guidance
USA Compression is confirming its full-year 2023 guidance with Adjusted EBITDA range of $490.0 million to $510.0 million and Distributable Cash Flow range of $260.0 million to $280.0 million.