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Sep 30, 2022
USA Compression Q3 2022 Earnings Report
USA Compression Partners reported third-quarter results and updated 2022 outlook.
Key Takeaways
USA Compression Partners reported increased revenues, net income, and Adjusted EBITDA for the third quarter of 2022, driven by strengthening energy markets and growing demand for compression services. Fleet utilization surpassed 90 percent, and the company announced the purchase of additional large horsepower compression units to meet customer demand.
Total revenues were $179.6 million for third-quarter 2022, compared to $158.6 million for third-quarter 2021.
Net income was $9.6 million for third-quarter 2022, compared to $4.1 million for third-quarter 2021.
Adjusted EBITDA was $109.2 million for third-quarter 2022, compared to $99.6 million for third-quarter 2021.
Distributable Cash Flow was $55.2 million for third-quarter 2022, compared to $52.0 million for third-quarter 2021.
Revenue by Segment
Forward Guidance
USA Compression is updating its full-year 2022 guidance as follows: Net income range of $30.0 million to $40.0 million; Adjusted EBITDA range of $420.0 million to $430.0 million; and Distributable Cash Flow range of $215.0 million to $225.0 million.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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