USA Compression Partners LP
USAC
ISIN US90290N1090 / Valor 20434352
USA Compression Partners LP
UMushroom community rating:
About company
USA Compression Partners LP, established in 1998, operates as a key third-party provider of compression services, catering primarily to the oil and gas industry. The company specializes in offering compression equipment essential for transporting natural gas through the domestic pipeline infrastructure, a critical component in the energy sector's operational efficiency. Additionally, USA Compression extends its expertise to specialized compression applications that support crude oil production. As one of the largest independent providers in the United States, the firm plays a significant role in facilitating the movement and production of energy resources, underscoring its importance in the broader energy supply chain.
Summarized from source with an LLMView SourceSector: EnergyLatest Results (13.06.2024):
Revenue Growth
In the first quarter of 2024, USA Compression Partners LP reported a significant increase in total revenues, reaching $229.3 million compared to $197.1 million in the first quarter of 2023. This growth highlights the company's expanding operations and increased demand for its compression services.
Net Income Increase
USA Compression Partners LP saw a substantial rise in net income for the first quarter of 2024, posting $23.6 million compared to $10.9 million in the same quarter of the previous year. This improvement was partly due to an $8.8 million gain on derivative instruments, despite a $5.0 million loss on extinguishment of debt.
Distributable Cash Flow and Dividends
The distributable cash flow for USA Compression Partners LP in the first quarter of 2024 was $86.6 million, up from $62.6 million in the first quarter of 2023. The company maintained its quarterly cash distribution at $0.525 per common unit, demonstrating its commitment to returning value to unit holders.
Operational Efficiency
USA Compression Partners LP achieved a record average horsepower utilization of 94.8% in the first quarter of 2024, an increase from 92.6% in the first quarter of 2023. This reflects higher efficiency and effectiveness in the company's operational performance.
2024 Financial Outlook
Looking ahead, USA Compression Partners LP has updated its full-year 2024 guidance, projecting a net income range of $95.0 million to $115.0 million and an Adjusted EBITDA range of $555.0 million to $575.0 million. These forecasts indicate the company's positive outlook and expected continued growth in its operations and financial performance.
Summarized from source with an LLMView SourceKey figures
Performance
Volatility
2839 M
Market cap (USD)
8,728
Daily traded volume (Shares)
23.06 / 22.48
1 day high/low (USD)
52 weeks high/low (USD)
Dividend ex-date
Dividend (USD)
Dividend yield (p.a.)
Est dividend (USD)
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P/E ratio
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EPS (USD)
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Ratings & reviews
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