NYSE$USAC

USA Compression Partners LP · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

USA Compression Partners reported third-quarter results and updated 2022 outlook.

USA Compression Partners reported increased revenues, net income, and Adjusted EBITDA for the third quarter of 2022, driven by strengthening energy markets and growing demand for compression services. Fleet utilization surpassed 90 percent, and the company announced the purchase of additional large horsepower compression units to meet customer demand.

  • Total revenues were $179.6 million for third-quarter 2022, compared to $158.6 million for third-quarter 2021.
  • Net income was $9.6 million for third-quarter 2022, compared to $4.1 million for third-quarter 2021.
  • Adjusted EBITDA was $109.2 million for third-quarter 2022, compared to $99.6 million for third-quarter 2021.
  • Distributable Cash Flow was $55.2 million for third-quarter 2022, compared to $52.0 million for third-quarter 2021.

Headline financials

Total Revenue

$180M

Previous: $159M+13.2%
EPS (adj)

-$0.03

Previous: -$0.08+62.5%
Adjusted EBITDA

$109M

Previous: $99.6M+9.6%
Distributable Cash Flow

$55.2M

Previous: $52M+6.2%
Horsepower Utilization

90.9%

Previous: 83.0%+9.5%
Capital Expenditures

-$88.1M

Previous: -$29.4M-199.6%
Free Cash Flow

-$78.4M

Previous: -$25.3M-210.3%
Net Income

$9.61M

Previous: $4.12M+133.6%
Operating Income

$45.1M

Previous: $36.6M+23.1%
Gross Profit

-$59.5M

Previous: -$49.2M-20.9%
Cash & Equivalents

$6K

Previous: $250K-97.6%
Total Assets

$2.67B

Previous: $2.8B-4.4%

Revenue & EPS history

USA Compression · Revenue · Quarterly

$180M

Q3 2022+13.2%vs Q3 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

USA Compression is updating its full-year 2022 guidance as follows: Net income range of $30.0 million to $40.0 million; Adjusted EBITDA range of $420.0 million to $430.0 million; and Distributable Cash Flow range of $215.0 million to $225.0 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 2022

Historical avgQ3 2022

+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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