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Sep 30, 2023
USA Compression Q3 2023 Earnings Report
USA Compression Partners reported third-quarter results, updated 2023 outlook, and achieved record revenues and revenue-generating horsepower.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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