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Sep 30, 2024

USA Compression Q3 2024 Earnings Report

USA Compression Partners reported record revenues and Adjusted EBITDA, driven by strong operational execution and tightening in the compression service space.

Key Takeaways

USA Compression Partners reported record total revenues of $240.0 million and Adjusted EBITDA of $145.7 million for third-quarter 2024. The company also confirmed its full-year 2024 guidance.

Record total revenues of $240.0 million for third-quarter 2024.

Adjusted EBITDA was $145.7 million for third-quarter 2024.

Record average revenue-generating horsepower of 3.56 million for third-quarter 2024.

Average horsepower utilization of 94.6% for third-quarter 2024.

Total Revenue
$240M
Previous year: $217M
+10.5%
EPS
$0.13
Previous year: $0.09
+44.4%
Distributable Cash Flow
$86.6M
Previous year: $71.6M
+21.0%
Adjusted EBITDA
$146M
Previous year: $130M
+11.9%
Cash distribution per unit
$0.525
Previous year: $0.525
+0.0%
Gross Profit
$90.9M
Cash and Equivalents
$796M
Free Cash Flow
$19.8M
Total Assets
$2.8B
Previous year: $2.71B
+3.6%

USA Compression

USA Compression

USA Compression Revenue by Segment

Forward Guidance

USA Compression is confirming its full-year 2024 guidance as follows: Net income range of $105.0 million to $125.0 million; Adjusted EBITDA range of $565.0 million to $585.0 million; and Distributable Cash Flow range of $345.0 million to $365.0 million.

Revenue & Expenses

Visualization of income flow from segment revenue to net income