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Dec 31, 2022

USA Compression Q4 2022 Earnings Report

Reported record revenues and provided a 2023 outlook.

Key Takeaways

USA Compression Partners, LP reported record total revenues of $190.1 million for Q4 2022, compared to $159.9 million for Q4 2021. Net income was $8.4 million, compared to $3.1 million for the same period. Adjusted EBITDA was $113.0 million, compared to $99.2 million for Q4 2021. Distributable Cash Flow was $60.6 million, compared to $52.0 million for the same period.

Record total revenues of $190.1 million for fourth-quarter 2022, compared to $159.9 million for fourth-quarter 2021.

Net income was $8.4 million for fourth-quarter 2022, compared to $3.1 million for fourth-quarter 2021.

Adjusted EBITDA of $113.0 million for fourth-quarter 2022, compared to $99.2 million for fourth-quarter 2021.

Distributable Cash Flow of $60.6 million for fourth-quarter 2022, compared to $52.0 million for fourth-quarter 2021.

Total Revenue
$190M
Previous year: $160M
+18.9%
EPS
-$0.04
Previous year: -$0.09
-55.6%
Distributable Cash Flow
$60.6M
Previous year: $52M
+16.5%
Adjusted EBITDA
$113M
Previous year: $99.2M
+13.9%
Cash distribution per unit
$0.525
Previous year: $0.525
+0.0%
Free Cash Flow
$38.6M

USA Compression

USA Compression

USA Compression Revenue by Segment

Forward Guidance

USA Compression is providing its full-year 2023 guidance as follows: Net income range of $75.0 million to $95.0 million; Adjusted EBITDA range of $490.0 million to $510.0 million; and Distributable Cash Flow range of $260.0 million to $280.0 million.