NYSE$USAC

USA Compression Partners LP · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

Reported record revenues and provided a 2023 outlook.

USA Compression Partners, LP reported record total revenues of $190.1 million for Q4 2022, compared to $159.9 million for Q4 2021. Net income was $8.4 million, compared to $3.1 million for the same period. Adjusted EBITDA was $113.0 million, compared to $99.2 million for Q4 2021. Distributable Cash Flow was $60.6 million, compared to $52.0 million for the same period.

  • Record total revenues of $190.1 million for fourth-quarter 2022, compared to $159.9 million for fourth-quarter 2021.
  • Net income was $8.4 million for fourth-quarter 2022, compared to $3.1 million for fourth-quarter 2021.
  • Adjusted EBITDA of $113.0 million for fourth-quarter 2022, compared to $99.2 million for fourth-quarter 2021.
  • Distributable Cash Flow of $60.6 million for fourth-quarter 2022, compared to $52.0 million for fourth-quarter 2021.

Headline financials

Total Revenue

$190M

Previous: $160M+18.9%
EPS (adj)

-$0.04

Previous: -$0.09+55.6%
Adjusted EBITDA

$113M

Previous: $99.2M+13.9%
Distributable Cash Flow

$60.6M

Previous: $52M+16.5%
Horsepower Utilization

91.8%

Previous: 82.7%+11.0%
Free Cash Flow

$38.6M

No prior period
Net Income

$8.37M

Previous: $3.1M+169.9%
Operating Income

$46.7M

Previous: $36.3M+28.5%

Revenue & EPS history

USA Compression · Revenue · Quarterly

$190M

Q4 2022+18.9%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

USA Compression is providing its full-year 2023 guidance as follows: Net income range of $75.0 million to $95.0 million; 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 Q4 2022

Historical avgQ4 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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