NYSE$USAC

USA Compression Partners LP · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

USA Compression Partners' third quarter performance reflected stability in compression services with solid revenues, cash flows, and attractive operating margins, despite decreased revenues. Business activity with customers began to pick up, with additional unit deployments and increased quote activity.

USA Compression Partners, LP reported Q3 2020 results with total revenues of $161.7 million, net income of $6.5 million, and adjusted EBITDA of $103.9 million. The company announced a cash distribution of $0.525 per common unit. They are updating their full-year 2020 Adjusted EBITDA guidance to a range of $405.0 million to $415.0 million.

  • Total revenues were $161.7 million for the third quarter 2020, compared to $175.8 million for the third quarter 2019.
  • Net income was $6.5 million for the third quarter 2020, compared to $13.3 million for the third quarter 2019.
  • Adjusted EBITDA was $103.9 million for the third quarter 2020, compared to $104.3 million for the third quarter 2019.
  • Announced cash distribution of $0.525 per common unit for the third quarter 2020, consistent with the third quarter 2019.

Headline financials

Total Revenue

$162M

Previous: $176M-8.0%
EPS (adj)

-$0.04

Previous: $0.02-300.0%
Adjusted EBITDA

$104M

Previous: $104M-0.4%
Distributable Cash Flow

$56.9M

Previous: $54.9M+3.6%
Horsepower Utilization

83.2%

No prior period
Capital Expenditures

-$97.9M

Previous: -$134M+27.0%
Free Cash Flow

-$91.4M

Previous: -$121M+24.4%
Net Income

$6.52M

Previous: $13.3M-51.0%
Operating Income

$38.8M

Previous: $46.2M-16.0%
Gross Profit

-$46.7M

Previous: $118M-139.5%
Cash & Equivalents

$2K

No prior period
Total Assets

$3.01B

No prior period

Revenue & EPS history

USA Compression · Revenue · Quarterly

$162M

Q3 2020-8%vs Q3 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 $590.0 million; Adjusted EBITDA range of $405.0 million to $415.0 million; and Distributable Cash Flow range of $210.0 million to $220.0 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 Q3 2020

Historical avgQ3 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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