USA Compression Partners (USAC) Tops Q1 EPS by 7c, provides outlook

USA Compression Partners (NYSE: USAC) reported Q1 EPS of $0.19, $0.07 better than the analyst estimate of $0.12. Revenue for the quarter came in at $229.3 million versus the consensus estimate of $228.7 million.

Full-Year 2024 Outlook

USA Compression is updating its full-year 2024 guidance as follows:

Net income range of $95.0 million to $115.0 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 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 $555.0 million to $575.0 million; and
Distributable Cash Flow range of $340.0 million to $360.0 million.

For earnings history and earnings-related data on USA Compression Partners (USAC) click here.

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