USA Compression Q1 2024 Earnings Report
Key Takeaways
USA Compression Partners reported a strong start to 2024 with record-setting revenues and Adjusted EBITDA. The company's average horsepower utilization reached a record high, and demand for compression services remained strong.
Record total revenues achieved for first-quarter 2024.
Net income increased compared to first-quarter 2023.
Adjusted EBITDA reached a record high for first-quarter 2024.
Average horsepower utilization reached a record high of 94.8% for first-quarter 2024.
USA Compression
USA Compression
USA Compression Revenue by Segment
Forward Guidance
USA Compression is updating its full-year 2024 guidance, expecting a net income range of $95.0 million to $115.0 million, an Adjusted EBITDA range of $555.0 million to $575.0 million, and a Distributable Cash Flow range of $340.0 million to $360.0 million.
Revenue & Expenses
Visualization of income flow from segment revenue to net income