USA Compression Q4 2019 Earnings Report
Key Takeaways
USA Compression Partners, LP reported total revenues of $178.2 million and a net income of $9.3 million for Q4 2019. The company maintained strong utilization across the fleet while increasing pricing and continuing to achieve very attractive operating margins. They are taking a cautious approach with respect to spending, including the avoidance of issuing additional equity.
Total revenues were $178.2 million for the fourth quarter 2019, compared to $172.0 million for the fourth quarter 2018.
Net income was $9.3 million for the fourth quarter 2019, compared to $10.2 million for the fourth quarter 2018.
Adjusted EBITDA was $109.2 million for the fourth quarter 2019, compared to $103.3 million for the fourth quarter 2018.
Distributable Cash Flow was $58.0 million for the fourth quarter 2019, compared to $56.4 million for the fourth quarter 2018.
USA Compression
USA Compression
USA Compression Revenue by Segment
Forward Guidance
USA Compression is providing its full-year 2020 guidance as follows: Net income range of $40.0 million to $60.0 million; Adjusted EBITDA range of $415.0 million to $435.0 million; and Distributable Cash Flow range of $210.0 million to $230.0 million.