USA Compression Q3 2023 Earnings Report
Key Takeaways
USA Compression Partners reported record total revenues of $217.1 million for third-quarter 2023, compared to $179.6 million for third-quarter 2022. Net income was $20.9 million for third-quarter 2023, compared to $9.6 million for third-quarter 2022. Adjusted EBITDA was $130.2 million for third-quarter 2023, compared to $109.2 million for third-quarter 2022.
Record total revenues of $217.1 million for third-quarter 2023, compared to $179.6 million for third-quarter 2022.
Net income was $20.9 million for third-quarter 2023, compared to $9.6 million for third-quarter 2022.
Adjusted EBITDA was $130.2 million for third-quarter 2023, compared to $109.2 million for third-quarter 2022.
Average horsepower utilization was 93.6% for third-quarter 2023, compared to 90.3% for third-quarter 2022.
USA Compression
USA Compression
USA Compression Revenue by Segment
Forward Guidance
USA Compression is updating its full-year 2023 guidance as follows: Net income range of $73.0 million to $83.0 million; Adjusted EBITDA range of $500.0 million to $510.0 million; and Distributable Cash Flow range of $270.0 million to $280.0 million.