Loading...
•
Jun 30, 2023
USA Compression Q2 2023 Earnings Report
USA Compression Partners reported record revenues and continued leverage reduction.
Key Takeaways
USA Compression Partners announced strong second-quarter results, achieving record revenues of $206.9 million and an adjusted EBITDA of $125.0 million. The company confirmed its full-year 2023 outlook and continued to reduce its leverage.
Record total revenues of $206.9 million for second-quarter 2023, compared to $171.5 million for second-quarter 2022.
Adjusted EBITDA was $125.0 million for second-quarter 2023, compared to $105.4 million for second-quarter 2022.
Average horsepower utilization was 93.4% for second-quarter 2023, compared to 87.9% for second-quarter 2022.
Announced cash distribution of $0.525 per common unit for second-quarter 2023, consistent with second-quarter 2022.
Revenue by Segment
Forward Guidance
USA Compression is confirming its full-year 2023 guidance as follows: Net income range of $75.0 million to $95.0 million; Adjusted EBITDA range of $490.0 million to $510.0 million; and Distributable Cash Flow range of $260.0 million to $280.0 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...