USA Compression Q3 2020 Earnings Report
Key Takeaways
USA Compression Partners, LP reported Q3 2020 results with total revenues of $161.7 million, net income of $6.5 million, and adjusted EBITDA of $103.9 million. The company announced a cash distribution of $0.525 per common unit. They are updating their full-year 2020 Adjusted EBITDA guidance to a range of $405.0 million to $415.0 million.
Total revenues were $161.7 million for the third quarter 2020, compared to $175.8 million for the third quarter 2019.
Net income was $6.5 million for the third quarter 2020, compared to $13.3 million for the third quarter 2019.
Adjusted EBITDA was $103.9 million for the third quarter 2020, compared to $104.3 million for the third quarter 2019.
Announced cash distribution of $0.525 per common unit for the third quarter 2020, consistent with the third quarter 2019.
USA Compression
USA Compression
USA Compression Revenue by Segment
Forward Guidance
USA Compression is updating its full-year 2020 guidance as follows: Net loss range of $600.0 million to $590.0 million; Adjusted EBITDA range of $405.0 million to $415.0 million; and Distributable Cash Flow range of $210.0 million to $220.0 million.