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Dec 31, 2019
USA Compression Q4 2019 Earnings Report
Reported solid Q4 2019 results, highlighting stability in contract compression services.
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.
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.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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