USA Compression Partners (USAC) Misses Q1 EPS by 5c, Beats on Revenue
USA Compression Partners (NYSE: USAC) reported Q1 EPS of $0.02, $0.05 worse than the analyst estimate of $0.07. Revenue for the quarter came in at $66.03 million versus the consensus estimate of $63.5 million.
Full-Year 2017 Outlook
USA Compression is confirming the following full-year 2017 guidance:
- Net income range of $15.8 million to $30.8 million;
- A forward-looking estimate of net cash provided by operating activities is not provided because the items necessary to estimate net cash provided by operating activities, in particular the change in operating assets and liabilities, are not accessible or estimable at this time. The Partnership does not anticipate the changes in operating assets and liabilities to be material, but changes in accounts receivable, accounts payable, accrued liabilities and deferred revenue could be significant, such that the amount of net cash provided by operating activities would vary substantially from the amount of projected Adjusted EBITDA and Distributable Cash Flow;
- Adjusted EBITDA range of $145.0 million to $160.0 million; and
- Distributable Cash Flow range of $108.0 million to $123.0 million.
For earnings history and earnings-related data on USA Compression Partners (USAC) click here.
