USA Compression Partners (USAC) Misses Q3 EPS by 1c

USA Compression Partners (NYSE: USAC) reported Q3 EPS of $0.07, $0.01 worse than the analyst estimate of $0.08. Revenue for the quarter came in at $72.8 million versus the consensus estimate of $68.82 million.

Full-Year 2017 Outlook

USA Compression is updating its full-year 2017 guidance as follows:

• Net income range of $11.0 million to $16.0 million;
• A forward-looking estimate of net cash provided by operating activities is not provided because the items necessary to estimate net cash provided by operating activities, in particular the change in operating assets and liabilities, are not accessible or estimable at this time. The Partnership does not anticipate the changes in operating assets and liabilities to be material, but changes in accounts receivable, accounts payable, accrued liabilities and deferred revenue could be significant, such that the amount of net cash provided by operating activities would vary substantially from the amount of projected Adjusted EBITDA and Distributable Cash Flow;
• Adjusted EBITDA range of $152.0 million to $157.0 million; and
• Distributable Cash Flow range of $115.0 million to $120.0 million.

For earnings history and earnings-related data on USA Compression Partners (USAC) click here.

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