NYSE$USAC

USA Compression Partners LP · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

USA Compression reported a stable first quarter, consistent with the previous quarter, and confirmed its 2021 outlook.

USA Compression Partners, LP announced its financial results for Q1 2021, reporting total revenues of $157.5 million and a net income of $0.4 million. The company confirmed its full-year 2021 guidance, expecting an adjusted EBITDA range of $385.0 million to $405.0 million and a distributable cash flow range of $193.0 million to $213.0 million.

  • Total revenues were $157.5 million for the first quarter 2021, compared to $179.0 million for the first quarter 2020.
  • Net income was $0.4 million for the first quarter 2021, compared to a net loss of $602.5 million for the first quarter 2020.
  • Adjusted EBITDA was $99.6 million for the first quarter 2021, compared to $106.2 million for the first quarter 2020.
  • Announced cash distribution of $0.525 per common unit for the first quarter 2021, consistent with the first quarter 2020.

Headline financials

Total Revenue

$158M

Previous: $179M-12.0%
EPS (adj)

-$0.12

Previous: $0.05-340.0%
Adjusted EBITDA

$99.6M

Previous: $106M-6.2%
Distributable Cash Flow

$52.6M

Previous: $54.7M-3.9%
Horsepower Utilization

83.1%

Previous: 92.5%-10.2%
Capital Expenditures

-$6.19M

Previous: -$45.3M+86.3%
Free Cash Flow

-$5.81M

Previous: -$648M+99.1%
Net Income

$371K

Previous: -$602M+100.1%
Operating Income

$32.8M

Previous: -$570M+105.8%
Gross Profit

-$48.6M

Previous: $120M-140.6%
Cash & Equivalents

$99K

No prior period
Total Assets

$2.9B

No prior period

Revenue & EPS history

USA Compression · Revenue · Quarterly

$158M

Q1 2021-12%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

USA Compression confirms its full-year 2021 guidance with net income range of $0.0 million to $20.0 million, Adjusted EBITDA range of $385.0 million to $405.0 million, and Distributable Cash Flow range of $193.0 million to $213.0 million.

Tailwinds

  • Net income range of $0.0 million to $20.0 million
  • Adjusted EBITDA range of $385.0 million to $405.0 million
  • Distributable Cash Flow range of $193.0 million to $213.0 million

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+1.7%

Avg return

5 days after

+1.6%

Avg return

30 days after

63%

34 / 54 earnings

Positive

+10.7%

Q1 2016

Best reaction

-12.4%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.5%+5.4%+6.2%
Q4 2025-2.2%+0.6%+7.3%
Q3 2025-1.0%+6.6%+9.9%
Q2 2025+2.0%+1.3%+0.3%
Q1 2025-4.7%-0.5%+5.7%
Q4 2024-3.4%-2.9%-13.0%
Q3 2024+6.5%+6.4%+7.1%
Q2 2024+3.5%+4.1%+5.5%
Q1 2024+4.0%+1.3%-1.4%
Q4 2023-4.8%+1.0%+14.1%
Q3 2023+2.5%+5.5%-3.4%
Q2 2023+0.2%-0.3%+6.6%
Q1 2023-6.1%-3.8%-9.9%
Q4 2022+0.6%-2.3%-4.5%
Q3 2022-1.7%+1.0%+1.6%
Q2 2022-0.5%+0.7%+0.0%
Q1 2022+4.9%+2.6%+9.5%
Q4 2021+4.3%+6.5%+9.0%
Q3 2021-1.1%-0.5%-7.1%
Q2 2021+0.5%+2.8%+0.5%
Q1 2021-2.4%+1.0%+2.4%
Q4 2020-4.1%-6.0%-1.3%
Q3 2020+0.1%-2.9%+16.3%
Q2 2020+2.6%+2.9%+0.3%
Q1 2020-1.8%+14.0%+71.2%
Q4 2019+2.8%+2.5%-66.9%
Q3 2019+2.7%+1.4%-7.9%
Q2 2019-4.6%-5.9%-4.8%
Q1 2019+1.3%+4.9%+4.4%
Q4 2018+3.7%+5.0%+6.4%
Q3 2018-3.5%-3.6%-4.0%
Q2 2018+3.9%+4.5%-1.3%
Q1 2018+2.1%+3.9%+1.7%
Q4 2017+5.4%+5.0%+1.5%
Q3 2017+2.6%+2.6%+2.1%
Q2 2017-3.6%-7.2%-3.8%
Q1 2017+5.4%+3.4%-1.8%
Q4 2016-0.8%-3.5%-9.1%
Q3 2016+0.4%+0.3%+0.4%
Q2 2016+5.5%+10.1%+16.1%
Q1 2016+10.7%
Q4 2015-12.4%
Q3 2015+0.1%
Q2 2015+4.4%
Q1 2015-0.8%
Q4 2014+3.1%
Q3 2014-8.1%
Q2 2014+2.6%
Q1 2014+1.8%
Q4 2013+1.5%
Q3 2013+2.1%
Q2 2013-0.3%
Q1 2013+1.0%
Q4 2012+1.3%
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011
Q4 2010
Q3 2010
Q2 2010
Q1 2010

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