Loading...
•
Mar 31, 2024
USA Compression Q1 2024 Earnings Report
USA Compression Partners reported record utilization and financial results, with record revenues and Adjusted EBITDA achieved.
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.
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.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...