Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
USA Compression (USAC)
:USAC
Holding USAC?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.25Last Year’s EPS
0.02Same Quarter Last Year
Based on 4 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: 17.86%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call reflected a strong overall performance with record financial metrics and robust market demand. However, increased capital expenditures and higher interest expenses were noted as challenges. The highlights significantly outweigh the lowlights, indicating a positive outlook.Company Guidance
During USA Compression Partners' Q3 2024 earnings call, management provided comprehensive guidance and metrics reflecting strong operational and financial performance. The company achieved record levels in revenue, adjusted gross margin, adjusted EBITDA, distributable cash flow, and average revenue-generating horsepower. Revenue increased by 11% compared to the previous year, with a notable pricing improvement reaching an all-time high of $20.60 per horsepower. The company's net income for the quarter was $19.3 million, while operating income was $75.7 million. Cash interest expenses stood at $47.1 million, slightly higher due to increased borrowings, but were partially offset by cash payments from a $700 million interest rate swap. The leverage ratio improved to 4.2x, and total fleet horsepower remained consistent at approximately 3.9 million. The utilization rate was 94.6%, indicating robust demand. Expansion capital expenditures were increased to between $240 million and $250 million, partly due to redeploying active units and converting idle units. The company reaffirmed its full-year 2024 guidance, forecasting net income between $105 million and $125 million, adjusted EBITDA between $565 million and $585 million, and distributable cash flow between $345 million and $355 million.Record Financial Metrics
The third quarter ended with records in revenue, adjusted gross margin, adjusted EBITDA, distributable cash flow, and average revenue generating horsepower.
Revenue Growth
Revenue increased by 2% sequentially and 11% compared to the year-ago period, driven by pricing improvements and increased demand.
Strong Market Demand
The compression service space showed strong demand, allowing for increased pricing and continued deployment of horsepower.
High Utilization Rates
Average utilization for the third quarter was 94.6%, flat compared to the prior quarter and a 1% increase from the third quarter of 2023.
Leverage Ratio Improvement
The leverage ratio continued its downward trend, reducing to 4.2x.
---
USAC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
USAC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $21.67 | $21.69 | +0.09% |
| Aug 06, 2024 | $20.59 | $21.29 | +3.40% |
| May 07, 2024 | $23.12 | $23.83 | +3.07% |
| Feb 13, 2024 | $22.35 | $21.49 | -3.85% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does USA Compression (USAC) report earnings?
USA Compression (USAC) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is USA Compression (USAC) earnings time?
USA Compression (USAC) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is USAC EPS forecast?
USAC EPS forecast for the fiscal quarter 2024 (Q4) is 0.25.
---