NYSE$USAC

USA Compression Partners LP · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

USA Compression Partners reported record revenues, net income, Adjusted EBITDA, and Distributable Cash Flow driven by strengthening market demand and improved fleet utilization.

USA Compression Partners reported a strong first quarter with record revenues of $197.1 million, a net income of $10.9 million, and an Adjusted EBITDA of $118.2 million. The company's performance was driven by increased market demand and fleet utilization approaching 93%.

  • Record total revenues of $197.1 million, compared to $163.4 million for first-quarter 2022.
  • Net income was $10.9 million, compared to $3.3 million for first-quarter 2022.
  • Adjusted EBITDA was $118.2 million, compared to $98.4 million for first-quarter 2022.
  • Distributable Cash Flow was $62.6 million, compared to $50.1 million for first-quarter 2022.

Headline financials

Total Revenue

$197M

Previous: $163M+20.6%
EPS (adj)

-$0.01

Previous: -$0.09+88.9%
Adjusted EBITDA

$118M

Previous: $98.4M+20.1%
Distributable Cash Flow

$62.6M

Previous: $50.1M+24.9%
Horsepower Utilization

92.7%

Previous: 86.1%+7.7%
Capital Expenditures

-$41.4M

Previous: -$20.2M-104.6%
Free Cash Flow

-$30.5M

Previous: -$17M-79.4%
Net Income

$10.9M

Previous: $3.25M+236.2%
Operating Income

$51.1M

Previous: $35.1M+45.5%
Gross Profit

-$66.7M

Previous: -$53.7M-24.1%
Cash & Equivalents

$6K

Previous: $15K-60.0%
Total Assets

$2.66B

Previous: $2.74B-2.9%

Revenue & EPS history

USA Compression · Revenue · Quarterly

$197M

Q1 2023+20.6%vs Q1 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

USA Compression is confirming its full-year 2023 guidance with Adjusted EBITDA range of $490.0 million to $510.0 million and Distributable Cash Flow range of $260.0 million to $280.0 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 2023

Historical avgQ1 2023

+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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