NYSE$USAC

USA Compression Partners LP · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Reported a solid second quarter, driven by the stability of a large horsepower business model, a strong customer base and the benefits of certain cost saving and capital spending decisions taken at the end of the first quarter.

USA Compression Partners reported total revenues of $168.7 million, net income of $2.7 million, Adjusted EBITDA of $105.5 million, and Distributable Cash Flow of $58.7 million for the second quarter 2020.

  • Total revenues were $168.7 million for the second quarter 2020, compared to $173.7 million for the second quarter 2019.
  • Net income was $2.7 million for the second quarter 2020, compared to $9.9 million for the second quarter 2019.
  • Adjusted EBITDA was $105.5 million for the second quarter 2020, compared to $104.7 million for the second quarter 2019.
  • Distributable Cash Flow was $58.7 million for the second quarter 2020, compared to $54.1 million for the second quarter 2019.

Headline financials

Total Revenue

$169M

Previous: $174M-2.9%
EPS (adj)

-$0.06

Previous: $0.01-700.0%
Adjusted EBITDA

$105M

Previous: $105M+0.7%
Distributable Cash Flow

$58.7M

Previous: $54.1M+8.6%
Horsepower Utilization

86.2%

Previous: 94.5%-8.8%
Capital Expenditures

-$67.4M

Previous: -$87.8M+23.3%
Free Cash Flow

-$64.7M

Previous: -$77.9M+16.9%
Net Income

$2.68M

Previous: $9.95M-73.0%
Operating Income

$34.9M

Previous: $42.9M-18.6%
Gross Profit

-$50M

Previous: $117M-142.6%
Cash & Equivalents

$2K

No prior period
Total Assets

$3.06B

No prior period

Revenue & EPS history

USA Compression · Revenue · Quarterly

$169M

Q2 2020-2.9%vs Q2 2019
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Forward guidance

USA Compression is updating its full-year 2020 guidance as follows: Net loss range of $600.0 million to $580.0 million; Adjusted EBITDA range of $395.0 million to $415.0 million; and Distributable Cash Flow range of $195.0 million to $215.0 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 Q2 2020

Historical avgQ2 2020

+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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